Monday, March 17, 2008

 

Who's next?

Just four days after Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble, he was forced on Sunday to sell the investment bank to JPMorgan Chase for a price of $2 a share, or $236 million.

Here a list of sub-prime related losses from banks so far...

Merrill Lynch - $24.5 billion
Citigroup - $22.4 billion
UBS - $18.4 billion
HSBC - $12.4 billion
Morgan Stanley - $9.4 billion
IKB Deutsche - $8.9 billion
Bank of America - $7.9 billion
Credit Agricole - $6.4 billion
Washington Mutual - $5.8 billion
Credit Suisse - $4.9 billion
Bear Stears - $2.6 billion


Comments: Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?