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Top Financial Companies Reported Losses from Subprime Mortgage Crisis

 Top 10 Reported Losses from Financial Companies as a Result of Subprime Mortgage Crisisfor the period Feb’ 07 – Apr’ 08COMPANY NAMELOSSES REPORTED  (In Billion $)Citigroup40.7UBS38Merrill Lynch31.7HSBC15.6Bank of America14.9Morgan Stanley 12.6Royal Bank of Scotland12JP Morgan Chase9.7Washington Mutual8.3Deutsche Bank7.5Wachovia7.3Credit Agricole6.6Top 15 Reported Losses from Financial Companies as a Result of Subprime Mortgage Crisis for the Fourth …

 Top 10 Reported Losses from Financial Companies as a Result of Subprime Mortgage Crisis
for the period Feb’ 07 – Apr’ 08

COMPANY NAME

LOSSES REPORTED  (In Billion $)

Citigroup

40.7

UBS

38

Merrill Lynch

31.7

HSBC

15.6

Bank of America

14.9

Morgan Stanley

12.6

Royal Bank of Scotland

12

JP Morgan Chase

9.7

Washington Mutual

8.3

Deutsche Bank

7.5

Wachovia

7.3

Credit Agricole

6.6

Top 15 Reported Losses from Financial Companies as a Result of Subprime Mortgage Crisis for the Fourth Quarter of 2007 (Oct – Dec ‘ 07)

COMPANY NAME

LOSSES 

Citigroup

$18.0 billion 

UBS 

$13.5 billion 

Merrill Lynch 

$8.6 billion 

Morgan Stanley 

$3.7 billion

HSBC

$3.4 billion

Bear Stearns 

$3.2 billion 

Deutsche Bank 

$3.2 billion 

Bank of America 

$3.0 billion 

Barclays

$2.6 billion 

Royal Bank of Scotland 

$2.6 billion 

Societe Generale 

$2.0 billion

Freddie Mac

$2.0 billion 

Wachovia  

$1.1 billion 

IKB 

$1.0 billion 

Credit Suisse

$1.0 billion 

Source : Company reports, Bloomberg, BBC reports & Rediff Money

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