Investment Banks Facing New Writedowns Analysts Suggest New Investment Bank Writedowns of More Than $10 Billion Are Coming Soon NEW YORK (AP) — Wall Street turned on itself Friday, as one widely watched analyst said investment banks face $10 billion or more in writedowns this quarter from bad mortgage debt, and another downgraded much of [...]
Filed under: Economy, Liquidity Squeeze, Mortgages | Tagged: , Credit Crunch, Mortgage Debt, Recession, Writedowns | 2 Comments »
