Subprime Writedowns & Credit Losses Top U$396 Billion

Bloomberg, Yalman Onaran, 18 June 2008The following table shows the $396 billion in asset writedowns and credit losses at more than 100 of the world's biggest banks and securities firms as well as the $302 billion capital raised in response.All the charges stem from the collapse of the U.S. subprime-mortgage market and reflect credit losses or writedowns of mortgage assets that aren't subprime,