Sentences with phrase «huge writedowns»

That approach saw CWB turn down the opportunity to invest in asset - backed commercial paper offered by the likes of Lehman Bros. and Merrill Lynch, thus sparing it from the 2007 meltdown that caused huge writedowns at its larger peers.

Huge writedowns and restructuring costs.

The Japanese group said cost overruns at U.S. power projects handled by the CB&I Stone & Webster Inc business it acquired last December from Chicago Bridge & Iron Company NV (CB&I) would be much greater than initially expected, potentially requiring a huge writedown.

Not exact matches

After more than two years of financial crisis, international bailouts, a huge debt writedown and Europe's harshest austerity program, Greek voters have been given a chance to hit back at the parties that got them into this mess.