Investment banks and other financial institutions have been bombarding the world with losses reports for the past several months. Having lost account of the amount of losses incurred since the rise of the subprime mortgage crisis.
I am not sure about you, but I was certainly dying to sum it all up and just stand and stare at the total figure. And there you go!
|Â||Estimated SubprimeRelated Writedown& Losses ($ Billions)|
|Bank of America||14.8|
|Royal Bank of Scotland||14.7|
|JP Morgan Chase||9.8|
|Estimated Industry Total|
$ 3 1 8 . 4 0 bn
Data: as of 29/04/2008