Sentences with phrase «bank writedowns»

Bank writedowns are all about human nature really — for years, they are too slow and too foolishly optimistic to recognize problems / losses, and finally after quarters / years of pain / catching up, and a rather inevitable complete change in management, they become terminally depressed and assume every single asset on the B / S needs a kitchen - sink writedown.

In regards to bank writedowns, «Put more succinctly, bad is good, unless it's really really bad.»

Not exact matches

The Swiss bank UBS reported a net profit of 1.2 billion Swiss francs ($ 1.25 billion) for the whole of 2017, weighed down by a writedown in the fourth quarter that related to the new U.S. tax overhaul.

One person said the earnings effect of the writedown isn't «material,» meaning the bank will not have to disclose it in detail on Friday when it announces results.

The writedown came late in the quarter after a Dec. 22 decision by Portugal's central bank that effectively wiped out certain Banco Espirito Santo creditors.

Barclays expects to take a writedown of about 1 billion pounds ($ 1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday.

First - quarter results, however, will be impacted by one - time writedowns as the banks reduce the value net deferred tax assets already held on company balance sheets.

He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.

Unfortunately, Mr. Krugman's failure to see today's economic problem as one of debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for debt writedowns, for restructuring the banking and financial system, and for shifting taxes off labor back onto property, economic rent and asset - price («capital») gains.

Despite government bailouts, writedowns continue to erode bank capital.

The banks might as well take their writedowns now.

The country's six biggest lenders reported less than $ 20 - billion in debt - related writedowns since the credit crisis began in 2007, about 2 % of the US$ 887.1 - billion recorded by banks and brokerages worldwide.

iii) Now we're getting to the crux of it: The EU, ECB and Geithner (the IMF were apparently ambiguous) were resolutely opposed to any haircut on bank debt to avoid market contagion and to avoid writedowns on foreign bank holdings of this debt.

The problem now are writedowns — and when you're dealing with a black box like a bank, who can tell the true / eventual scale of writedowns..?!

That said, it is true that the bondholders of major banks include pension funds, insurance companies, mutual funds, foreign investors and other holders that would be adversely affected by a writedown in bond values.

The banks have already taken substantial writedowns, which may cover most of the damage.

However, this 2012 article also provides an interesting perspective: «Reading between the lines of the NTR annual report, it would appear that the aggressive Greenstar [NTR's Irish waste management business] writedowns were at least in part a game of high - stakes poker» as NTR was «attempting to buy the loans from the banks at a discount».