Ackermann Forecasts More Writedowns at World's Banks (Update1)

Story date: 2008-02-28 04:54:00
Added on: 2008-02-29 05:16:41

Bloomberg - ... writedowns and credit losses of $163 billion since the beginning of 2007 following the collapse of the U.S. subprime mortgage ... Unlike rivals including Zurich-based UBS and Citigroup Inc., the largest banks in Europe and the U.S., the German lender has ...


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