Citi May Write Down $18.7B, Analysts Say

When Citigroup warned in early November that it was likely to write down its portfolio by $8 billion to $11 billion in the fourth quarter because of exposure to bad loans, investors recoiled at the size of the losses. Some now say those early estimates appear drastically understated.

0

0

Barclays, Others See More Write-Downs

Checking to see which bank is revealing billion-dollar losses in its portfolio has become something of a daily routine on Wall Street. On Thursday, traders fretted about Barclays' multibillion dollar write-down over their morning coffee.

0

0

Bear Stearns Taking Additional Writedown

Investment bank Bear Stearns Cos. will take a $1.2 billion writedown in the fourth quarter related to weakness in its credit portfolios, and investor relief at the size of the writedown drove shares sharply higher Wednesday.

0

0

Wachovia Estimates $1.1B in Oct. Losses

Another day, more writedowns on Wall Street.

0

0

Wachovia Portfolio Value Falls in Oct.

Wachovia Corp. said Friday the value of its collateralized debt obligations sank in October by an estimated $1.1 billion pretax, requiring a writedown of about $1.11 per share for the month of October.

0

0

Well Fargo announced today $3 Billion in profits. It was fantastic news and it sent the stock market soaring. However, one thing that didn't get talked about was why they made so much money.

2

1

Whilst one can half expect other names on Wall Street to have somewhat less than stellar records when it comes to integrity, alleging that Goldman Sachs has acted with less than total uprightness is akin to calling Santa Claus a baby basher.

2

0