Writedown news: 13 Aug 2008

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Below are the latest writedown stories from the web that I have seen. For the full timeline of news, visit my credit crisis timeline. Bloomberg recently updated their tally of writedowns to arrive at $501 Billion to date. That is on the timeline as well.

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Also see my list of Bankrupt Global Financial Institutions.

2008 08 04 Fortis Second-Quarter Net Drops 49% After Writedowns
2008 08 04 BNP Paribas Dodges Bullet a Year After Freezing Funds
2008 08 04 Fannie’s Mudd Soothed Asian Investors as Bonds Rose
2008 08 04 HSBC’s profits drop as economies slows
2008 08 05 Swiss Re Second-Quarter Net Falls 53% on Writedown
2008 08 06 Munich Re Second-Quarter Profit Falls on Writedowns
2008 08 06 Morgan Stanley Said to Freeze Home-Equity Credit Withdrawals
2008 08 06 Freddie Mac Posts Fourth Straight Loss, Cuts Dividend
2008 08 06 Ambac Posts $823 Million Net Income; CDO Losses Rise
2008 08 06 A.I.G. Posts a Large Loss as Housing Troubles Persist
2008 08 06 Northern Rock losses hit almost £600m
2008 08 06 Allianz Posts Lower Earnings, Cuts Growth Forecast
2008 08 07 Barclays’ profits drop a third
2008 08 07 Citigroup reaches SEC settlement on auction rate securities
2008 08 08 RBS slumps to loss after £5.9bn writedown
2008 08 08 Fannie Mae Posts Fourth Straight Loss, Cuts Dividend
2008 08 08 UBS is latest bank to settle auction-rate probe
2008 08 08 MBIA reports surprise profit of $1.7 billion
2008 08 08 Morgan Stanley to Pay $1.5 Million in Auction-Rate Settlement
2008 08 08 Auction-Rate Buybacks: The Bottom Line
2008 08 12 UBS Posts Loss on Debt Writedowns, Settlement Costs
2008 08 12 JP Morgan Takes $1.5 Billion Mortgage-Backed Hit in July
2008 08 12 Wachovia Increases Second-Quarter Loss
2008 08 13 Zions lead financials lower at open

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