On an operating basis, excluding the security writedowns
, returns on assets and equity would have been 0.
The sources said yesterday the bank's board would be considering writedowns
of between [pounds sterling]5bn and [pounds sterling]7bn, though they could also decide on lower numbers.
Dougan said it is "hard to predict" if Credit Suisse will require further writedowns
Exhibit 1, page 59, shows a sophisticated postauditing system that monitors writedowns
(the blue shaded portions).
Pearson and Okubara (Accounting Horizons, March, 1987) point out that recent writeoffs related to restructurings have some special features: 1) the magnitude of the dollars involved; 2) a sudden spurt in the number of firms undergoing the process; and 3) partial writedowns
of assets remaining in use.
Funds from operations for the year ended December 31, 2007 included income from recoveries of previous writedowns
, gains from non real estate asset sales, and gains from loan payoffs totaling $25,736,000 or $.
The firm, earlier in 2013 took a $1bn writedown
against the value of its coal mines in Australia because of falling commodity prices.
Global Banking News-April 1, 2013--European parliament resists German pressure to expedite creditor writedown
rules(C)2013 ENPublishing - http://www.
ISTANBUL: The International Monetary Fund on Wednesday lowered its estimate for global writedowns
for banks and other financial institutions to $3.
are likely to be in the order of tens of millions of pounds," said group chief executive Mike Farley.
1bn) rights issue due to further writedowns
at its Calyon investment banking arm of 1.
UBS, which is the worst-hit bank worldwide by the crisis on its massive writedowns
, said its net loss for the first three months of the year reached 11.