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<title>Finance Industry Today: Subprime Writedown News</title>
<link>http://finance.einnews.com/news/subprime-writedown</link><description>Constantly updated news and information about finance industry.</description><item>
<title>RBC impresses with quarterly report</title>
<link>http://finance.einnews.com/news.php?wid=185521599</link>
<pubDate>29 Aug 2008 00:38 GMT</pubDate>
<description>
...  year. The results included $498 million in writedowns related to structured investments that have been  ...  the fact that Royal mostly avoided the subprime debacle means it is in a good  ...
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<title>The Usual Suspects After All</title>
<link>http://finance.einnews.com/news.php?wid=185520946</link>
<pubDate>29 Aug 2008 00:33 GMT</pubDate>
<description>
...  And that, in turn, could be the result of the massive loan write-offs on subprime mortgages and collateralized securities, which apparently have required JPMorgan and HSBC to boost banking  ...
</description>
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<title>Cr(C)dit Agricole profits drop on writedowns</title>
<link>http://finance.einnews.com/news.php?wid=185520759</link>
<pubDate>29 Aug 2008 00:32 GMT</pubDate>
<description>
...  has suffered another painful quarter as hefty writedowns wiped out almost all of its profits.  ...  6.5bn of writedowns tied to the US sub-prime mortgage crisis. In June the bank raised  ...
</description>
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<title>Write-down limits profit growth at Bank of China</title>
<link>http://finance.einnews.com/news.php?wid=185520218</link>
<pubDate>29 Aug 2008 00:31 GMT</pubDate>
<description>
...  economic expansion stayed above 10 percent. Bank of China&apos;s losses on securities tied to subprime mortgages now total $1.9 billion, up from $1.5 billion on March 31, the statement  ...
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<title>Concerns for Spanish banks after downgrade on mortgage securities</title>
<link>http://finance.einnews.com/news.php?wid=185515513</link>
<pubDate>28 Aug 2008 23:33 GMT</pubDate>
<description>
...  and packaged in an identical way to sub-prime mortgage bonds in the US, belying claims  ...  Sources close to the bank say the writedowns on the securities are based on rising  ...
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<title>Analysts see more charges at CIBC, but stock soars</title>
<link>http://finance.einnews.com/news.php?wid=185514300</link>
<pubDate>28 Aug 2008 23:29 GMT</pubDate>
<description>
...  U.S. securities and hedges that prompted multibillion-dollar writedowns in the past year, analysts say. )  ...  previous quarters for the sliding value of sub-prime mortgage securities. &quot;We are reducing our estimates  ...
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<title>Banks may soon put subprime behind them</title>
<link>http://finance.einnews.com/news.php?wid=185514290</link>
<pubDate>28 Aug 2008 23:29 GMT</pubDate>
<description>
...  only limited losses from investments linked to subprime home loans, the worst of the structured  ...  concerned for the banks in terms of writedowns,&quot; Mr. Aiken said. Royal, in particular, performed  ...
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<title>Credit Crunch: The End of the Beginning?</title>
<link>http://finance.einnews.com/news.php?wid=185505381</link>
<pubDate>28 Aug 2008 22:06 GMT</pubDate>
<description>
...  we know the rough parameters of the sub-prime problem&amp;mdash;usually neatly and memorably rounded to about  ...  that what one might term the &quot;normal&quot; writedowns and losses associated with an economic downturn  ...
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<title>UPDATE 1-Analysts see more charges at CIBC, but stock soars</title>
<link>http://finance.einnews.com/news.php?wid=185505179</link>
<pubDate>28 Aug 2008 22:05 GMT</pubDate>
<description>
...  U.S. securities and hedges that prompted multibillion-dollar writedowns in the past year, analysts say. CIBC  ...  previous quarters for the sliding value of sub-prime mortgage securities. &quot;We are reducing our estimates  ...
</description>
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<title>The Banking Capital Crunch Continues</title>
<link>http://finance.einnews.com/news.php?wid=185500790</link>
<pubDate>28 Aug 2008 21:32 GMT</pubDate>
<description>
... For Pete&apos;s sake, banks, what&apos;s next? First it was subprime, and then a deluge of CDOs, Alt-A&apos;s, ABSs, SIVs, ARSs, and CDSs, most of  ...
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<title>Did Sarbanes-Oxley miss a trick during subprime?</title>
<link>http://finance.einnews.com/news.php?wid=185498862</link>
<pubDate>28 Aug 2008 21:30 GMT</pubDate>
<description>
... During the recent subprime crisis in the highly interconnected banking and financial services in the US, banks did  ...
</description>
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<title>Lehman offloads stake in Mastek, Triveni</title>
<link>http://finance.einnews.com/news.php?wid=185494302</link>
<pubDate>28 Aug 2008 21:07 GMT</pubDate>
<description>
...  Fund. Lehman Brothers has been selling its stake in various Indian firms due to writedowns and credit losses of $8.2 billion after the sub-prime crisis hit the US markets, note market experts. Earlier this week, the FII had  ...
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<title>U.S. operations bite into Royal Bank&apos;s profit</title>
<link>http://finance.einnews.com/news.php?wid=185481256</link>
<pubDate>28 Aug 2008 19:32 GMT</pubDate>
<description>
...  Bank of Canada building in downtown Toronto. Writedowns and losses in the U.S. credit market  ...  down $103-million due to higher provision for subprime-related financing and retail loans in the U.S.  ...
</description>
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<title>Natixis resists calls to scrap rights issue</title>
<link>http://finance.einnews.com/news.php?wid=185480212</link>
<pubDate>28 Aug 2008 19:19 GMT</pubDate>
<description>
...  1bn in the three months to the end of June after taking a 1.5bn writedown on debt backed by bond insurers and US subprime-related investments. Separately, shares in Crdit Agricole rose 9 per cent on Thursday, in spite  ...
</description>
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<title>Loan rangers</title>
<link>http://finance.einnews.com/news.php?wid=185466320</link>
<pubDate>28 Aug 2008 17:29 GMT</pubDate>
<description>
...  into banks themselves. Banks certainly need capital. Writedowns have reached a total of $500 billion,  ...  had made a disastrous foray into American subprime debt. And expertise can be bought. One  ...
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