Asian payoff

The seize-up in liquidity in much of the structured credit markets in the past six months has meant slashed bonuses and widespread job losses among credit professionals and their superiors worldwide. Joe Marsh assesses the impact in Asia


The worst post-subprime fears of the global financial sector were realised in January, when some banks reported even bigger writedowns for the fourth quarter of 2007 than for the third. Citi and Merrill Lynch - the worst hit of a long list of casualties - posted $17.4 billion and $11.5 billion in fourth-quarter writedowns, respectively, following $8.4 billion and $3.6 billion hits in October. And if all this wasn't enough, Societe Generale (SG) in late January uncovered a $7.2 billion loss due

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

You need to sign in to use this feature. If you don’t have a 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