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Writedown League Table Print E-mail

TEP - 22 December 2008

Soccer fans might be familiar with things like English Premier League Table.  

Below is the Asset Write down League Table of Global Banks and Insurers.

The Good News is that you do not see any UK Insurers in the league. Why? Because Financial Services Authority (Monetary Authority of UK) forbids UK Insurers to invest in anything related to sub-prime mortgages.

This turns out to be what saved the UK Insurers.  Thus, if you want an investment that is stable and secure, you should definitely consider UK Traded Endowment.

Regards.


Source: Bloomberg

 
                                                         Subprime losses by insurer
 CompanyTotal writedowns and credit losses since Jan 2007 ($bn)
1AIG60.9
2Ambac10.6
3Hartford Financial7.9
4Metlife7.2
5Allianz4.5
6Prudential Financial4.4
7Allstate Corp4.4
8MBIA4.3
9Swiss Re4.2
10Aegon3.8
 Worldwide146.0

 

 

                                                         Subprime losses by bank
 CompanyTotal writedowns and credit losses since Jan 2007 ($bn)
1Wachovia95.5
2Citigroup67.2
3Merrill Lynch55.9
4UBS48.6
5Washington Mutual45.6
6HSBC33.1
7Bank of America27.4
8National City26.2
9JP Morgan Chase20.5
10Lehman Brothers16.2
11Royal Bank of Scotland15.8
12Morgan Stanley15.7
13Bayerische Landesbank14.8
14Wells Fargo14.6
15IKB14.4
16Credit Suisse14.2
 Worldwide741.2
 
                                                         Subprime losses by GSE
 CompanyTotal writedowns and credit losses since Jan 2007 ($bn)
1Freddie Mac58.4
2Fannie Mac56
 Total114.4

 

GRAND TOTAL: $989.3 billion
 
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