Writedown news: 21 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 $503.8 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 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
2008 08 15 Fannie, Freddie debt faces confidence crisis overseas
2008 08 18 Bradford & Bingley shareholders shun £400m cash call
2008 08 18 Huntington shares slide after client warns of loss
2008 08 19 American Home to pay fraction of bankruptcy claims
2008 08 20 JPMorgan Warned California as Auction Market Neared Collapse
2008 08 20
Fed’s Lacker Clashes With Paulson on Fannie-Freddie Strategy
2008 08 20 FDIC Releases Details on IndyMac Loan Mods; Questions Remain
2008 08 20 California mulls probing senator over IndyMac crash
2008 08 20 Possible Lehman asset management sale portends pain
2008 08 20 Lehman’s secret talks to sell 50% stake stall
2008 08 20 Fannie Mae and Freddie Mac shares fall on fears of size of potential losses
2008 08 20 Wachovia Unloads Troubled Loans
2008 08 21 Fed Acted on Lehman Rumor
2008 08 21 Lone Star Funds to take over IKB

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