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UPDATE 1-FACTBOX-Global financial write-offs

Fri Apr 4, 2008 10:39pm IST
 
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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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