Sentences with phrase «includes writedowns»
Net profit included a writedown of 2.865 billion Swiss francs in the fourth quarter of deferred tax assets due to the introduction a new tax cuts and the jobs act in the United States.
https://www.cnbc.com/ Not exact matches
Yahoo also notes in its release that it has taken a «non-cash goodwill impairment charge» (in other words, a writedown) of $ 4.46 billion on some of its assets — including Tumblr, the blog platform that it acquired in 2013 for $ 1.1 billion.
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.
The company said it would «explore strategic alternatives» for its media and cloud - infrastructure businesses, and take a writedown on intangible assets including capitalised development within its media and IT units in the first quarter of 2017.
However, expanding by acquisition does add risk — including the risk 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.