Writedown News: 12 Jul 2008

For a complete list of prior news on writedowns see my Credit Crisis Timeline. Also look at the new list of Bankrupt Global Financial Institutions for information on large global financial institutions that have gone to the wall.

2008 06 30 Florida Sues Countrywide
2008 06 30 IndyMac to Trim Operations, Not Shut Down, Perry Says
2008 07 01 IndyMac Chief Financial Officer A. Scott Keys Resigns
2008 07 01 Subprime Losses Hit Development Bank of Japan
2008 07 03 Marshall & Ilsley Announces 2008 Q2 Provision of up to $900 Million
2008 07 04 UBS Says It May Avoid Loss, Doesn’t Need More Capital
2008 07 04 Bradford & Bingley Investors on the Hook as TPG Walks
2008 07 05 UBS piles $7.5bn on to its writedown bill
2008 07 06 Credit Suisse cuts cost of top team in Europe
2008 07 06 Grossbanken werden massiv eingeschränkt (translation here)
2008 07 07 Regulator watching troubled UK bank Bradford and Bingley
2008 07 07 Freddie Mac, Fannie Mae Plunge on Capital Concerns
2008 07 07 IndyMac Cuts Half its Staff as Mortgage Losses Mount
2008 07 08 IndyMac Falls After Regulators Say It Isn’t `Well Capitalized’
2008 07 09 Fannie Mae Pays Record Spreads on Two-Year Note Sale
2008 07 09 Freddie Mac Dips Below $10 a Share for First Time Since 1992
2008 07 10 U.S. Mulls Future of Fannie, Freddie
2008 07 10 Wachovia’s Capital `Solid’ After Quarterly Loss, Smith Says
2008 07 11 Fortis Ousts Chief Votron After ABN Amro Deal Depletes Capital
2008 07 11 IndyMac Bancorp Is Seized By Federal Regulators
2008 07 11 IndyMac Seized by U.S. Regulators Amid Cash Crunch
2008 07 11 Fannie Sinks, Freddie Recovers in Biggest Trading Day on Record
2007 07 11 Fannie, Freddie Turmoil May Hike Rates, Slow Recovery
2007 07 12 Worst Fears Ease, for Now, on Mortgage Giants’ Fate