Bank results spark fears of further losses

European banks published their much-anticipated 2007 results in February, revealing the extent of the subprime crisis, and hinting at more trouble ahead

The extent of the devastation wrought by the subprime crisis on the banking industry became clearer in February as European banks added their woeful 2007 results to those of the US banks published earlier in the year.

Crisis-hit UBS managed to exceed even Citigroup's astonishing $18.1 billion loss, weighing in with a final subprime-related writedown for the year of $18.4 billion. But the US banks still held most of the top spots in the subprime losers' superleague, with Merrill Lynch and Morgan

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here