Sentences with phrase «writedowns on»

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.

Of course, this is all subject to limits on income, and needed writedowns on other assets.

Most of it was writedowns on non-GSE (not Fannie, nor Freddie) residential mortgage bonds, where they bought mezzanine or subordinated bonds.

SAO PAULO Brazilian planemaker Embraer SA, engaged in joint - venture talks with Boeing Co, missed analysts» quarterly profit estimates and its own annual targets on Thursday, due to weaker deliveries and writedowns on defense programs and executive jets.

TORONTO — Poor sales of BlackBerry (TSX: BB) smartphones have forced the company to take a massive writedown on the devices and slash 4,500 jobs across its operations.

Meanwhile, Paramount is already off to a rough start this year after the studio said in the fall that it would need to take a whopping $ 115 million writedown on its earnings for an unnamed 2017 film.

Its new line of smartphones fell flat, and earlier this month the company announced 4,500 job cuts and a nearly $ 1 - billion writedown on unsold inventory.

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.

Like Microsoft, Shen told the WSJ that Asus also took a writedown on its Windows RT tablets in the second quarter, but didn't give a figure.

American International Group, the world's largest insurer, recently reported the biggest loss in the company's history largely due to an $ 11 billion writedown on its CDS holdings.

[NB: Adjusted for 3 months admin expenses, my 60 % deemed writedown on a legacy Romanian property loan, and Ether / ICO token sales & revaluations.

The price of metallurgical coal has fallen 75 percent since the deal, and Peabody was forced to take a $ 700 million writedown on its Australian metallurgical coal assets last year.

In addition to potentially handing in the keys on the Pier Shops to its lender Centerline Capital Group, it is taking a writedown on Regency Square in Richmond, Va..

Not exact matches

On Christmas Eve, a group of senior Goldman executives held a conference call to discuss the writedown and how it would affect employee bonuses, people familiar with the matter said.

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.

«We expect to earn back the tax writedown in the first year through the lower tax rate on U.S. earnings,» he told analysts on a conference call.

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.

The loss was largely due to a $ 916 million impairment charge on its long - lived assets, stemming both from a major tax and export dispute between its 64 - per - cent owned Acacia Mining and the Tanzanian government, and the partial writedown of its Pascua Lama project after the Chilean government ordered it to close all surface facilities.

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.

The price was above BlackBerry's recent value on public markets, following the company's announcement Friday that it will cut about 40 per cent of its global workforce, about 4,500 jobs, and record a writedown of nearly $ 1 billion.

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.

Like its peers on Wall Street, Goldman had to take a paper writedown due to the tax reform legislation Congress passed in December.

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 Tesco writedown was part of an overall loss of $ 107 million on Berkshire's investments and derivatives.

First, if it owned some of the SIV debt on its balance sheet, it obviously had to writedown its value.

On July 20, 2012, Microsoft posted its first quarterly loss ever, despite earning record revenues for the quarter and fiscal year, with a net loss of $ 492 million due to a writedown related to the advertising company aQuantive, which had been acquired for $ 6.2 billion back in 2007.

In general, writedowns against shareholder equity alone will be enough, provided that regulations are revised to allow institutions to continue servicing existing financial commitments on the basis of more flexible capital requirements.

Writedowns Southwestern Energy Co. set the tone on Oct. 22 with a $ 2.8 billion charge, twice as much as forecast by Barclays Plc..

Foster's, which was taken over by SABMiller in 2012, spent up big on wine assets in the United States in 2001 with the acquisition of Beringer but made big writedowns over the next decade.

Nestle Australia — the maker of products such as Uncle Tobys cereal, Kit Kat chocolate bars, and Nescafe coffee — last week reported falling revenue, losses on asset sales and a $ 51.2 million writedown for the 2014 calendar year.

Treasury's 73,000 shareholders have endured enormous pain over the past 12 months, and this new set of impairments come on top of the infamous $ 160 million in writedowns in mid-2013 of $ 160 million as its US business faltered.

Mr Clarke said the announcements about the shift in Penfolds releases and the writedowns had no implications for any takeover activity and Treasury was getting on with the job of implementing `' the roadmap» of how any owner should be running the business.

However, he said the $ 22 million writedown was disappointing and reinforced the fact that trading conditions were challenging for RFG's domestic franchise operations as consumers cut back on non-essential spending.

RIM fell 9.7 percent on the day it announced the PlayBook writedown, its biggest decline since its previous quarterly sales miss in September.

The principal writedown program at FHA is for use on non-FHA loans.

I must imagine that most of these writedowns are on mortgages that had mortgage insurance purchased on them, no?

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.

On the face of this, valuation's binary: Either the EUR 0.25 per share Potential Offer is realized, or the Offer fails and Fair Value equates to the current estimated Equity (after over EUR 50 mio of losses and writedowns in 2011!)

That is why we carefully designed the guidelines of the FHA Short Refinance Option to discourage borrowers from purposefully becoming delinquent on their loan, otherwise known as strategically defaulting, solely to receive a principal writedown.

The change in value is even more than the reduction in the DAC, because in the writedown process, the discount rate on the DAC went from a positive number to zero.

Unfortunately, it has squandered every penny of that money on acquisitions that have ill - performed: Goodwill writedowns amount to over $ 50 million over that same period.

Like any writedown, they would admit the loss that they knew was there, and move on.

In general, writedowns against shareholder equity alone will be enough, provided that regulations are revised to allow institutions to continue servicing existing financial commitments on the basis of more flexible capital requirements.