UPDATE 1-FACTBOX-Global financial write-offs
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NEW YORK, April 4 (Reuters) - Global write-offs are nearing the $300 billion mark. In a report released Thursday, Lehman Brothers estimates that the total global write-down tally could reach $400 billion by year end.
Below are the 25 largest write-offs announced by financial institutions, according to the report. Company US $ billions UBS (UBSN.VX: Quote, Profile, Research) $37.10 Citigroup (C.N: Quote, Profile, Research) $32.00 Merrill Lynch MER.N $24.50 AIG (AIG.N: Quote, Profile, Research) $14.80 HSBC (HSBA.L: Quote, Profile, Research) $12.40 Morgan Stanley (MS.N: Quote, Profile, Research) $11.86 IKB Deutsche (IKBG.DE: Quote, Profile, Research) $ 8.90 Bank of America (BAC.N: Quote, Profile, Research) $ 7.90 Deutsche Bank (DBKGn.DE: Quote, Profile, Research) $ 7.50 Bayerische Landesbank $ 6.70 Ambac (ABK.N: Quote, Profile, Research) $ 6.30 Freddie Mac (FRE.N: Quote, Profile, Research) $ 6.00 Washington Mutual (WM.N: Quote, Profile, Research) $ 5.80 Bear Stearns BSC.N $ 4.96 Wachovia WB.N $ 4.70 Fannie Mae (FMN.N: Quote, Profile, Research) $ 4.55 Goldman Sachs (GS.N: Quote, Profile, Research) $ 3.84 Societe Generale (SOGN.PA: Quote, Profile, Research) $ 3.80 Lehman Brothers LEH.N $ 3.70 MBIA (MBI.N: Quote, Profile, Research) $ 3.50 Mizuho (8411.T: Quote, Profile, Research) $ 3.40 Barclays (BARC.L: Quote, Profile, Research) $ 3.30 J.P. Morgan (JPM.N: Quote, Profile, Research) $ 3.20 Royal Bank of Scotland (RBS.L: Quote, Profile, Research) $ 3.20 WestLB [WDLG.UL] $ 3.14 -------------------------------------- * Source: Lehman Brothers Fixed-Income Research (Reporting by Steven Bertoni; Editing by Brian Moss)
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