Subprime Losses Reach $232 Billion

Subprime Losses Reach $232 Billion. Here is the breakdown by banks as gathered by Bloomberg. UBS, Merril and Citigroup head this table.


Only writedowns and provisions that have filtered through to the income statement are included. Asset value reductions that some banks preferred to keep on their balance sheet and not charge against earnings are excluded.
All numbers are in billions of U.S. dollars, converted at today's exchange rate if reported in another currency. They are net of financial hedges the firms used to mitigate losses.

Read more in Bloomberg
If you are victim of subprime losses, get advice on http://www.subprimelosses.com/

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