Writedown News: 07 Aug 2008

| 7 August 2008 10:50

After a week’s holiday, I have a huge backlog of stories on offer. Below are the latest writedown stories from the web that I have seen. For the full timeline of news, visit my credit crisis timeline.

Also see my list of Bankrupt Global Financial Institutions.

2008 07 30 Postbank Second-Quarter Net Falls 21% on Writedowns
2008 07 31 HBOS Gains After First-Half Earnings Exceed Estimates
2008 07 31 Deutsche writes down 2.7bn euros
2008 07 31 Mizuho’s Profit Advances 14% as Bad-Loan Costs Fall
2008 07 31 GMAC Reports $2.5 Billion Loss on Auto, Housing Slump
2008 07 31 Carlyle to Shutter Blue Wave Hedge Fund After Losses
2008 08 01 Credit crunch leaves Alliance & Leicester’s profits in tatters
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

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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