30 Jun 2008: Latest writedown news

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The following are the links regarding the global credit crunch that have been recently added to the Credit Crisis Timeline. The full timeline is accessible here

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Latest Additions
2008 06 18 Subprime Losses Top $396 Billion on Brokers’ Writedowns: Table
2008 06 18 Paulson & Co. Says Writedowns May Reach $1.3 Trillion
2008 06 19 HBOS writes off £1bn and warns on house prices
2008 06 19 UBS, Credit Suisse Face More Writedowns, Goldman Says
2008 06 19 WaMu cuts 1,200 more jobs as part of cost reductions
2008 06 23 Citigroup and Goldman Sachs cut more staff as effect of credit crunch lingers
2008 06 26 Fortis launches urgent €1.5bn cash call
2008 06 27 AIG Poised to Absorb $5 Billion Losses From Securities-Lending

Rumors
2008 06 24 Wachovia hires Goldman to help sort loan portfolio
2008 06 26 More Write-Downs Ahead for Citi?
2008 06 27 Merrill Likely to Write Down $3 Billion-$5 Billion
2008 06 30 UBS shares slump on talk of more writedowns

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