Archive for January 16th, 2008

Banks fall into loss on writedowns

2 Comments Published by Oliver January 16th, 2008 in Interesting data, Banking Industry

A couple of days ago (see this post) I had assumed that the financial reports of the fourth quarter would present new cumulative value adjustments. Yesterday Citigroup announced its financial results. Due to writedowns of $ 18.1 billion in the business segments subprime mortgage and increased losses in the segment consumer loans the loss is […]