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We will have to front up and take a write-down.
Another $550 billion in write-downs is expected over the next two years.
What would a further Q3 write-down be based upon, market or model?
Yet he expected a write-down of about half that size.
Despite the write-downs, the bank said it expected to stay on its course.
Further write-downs by the major financial institutions seemed all but certain.
That would be on top of the more than $135 billion in write-downs they have already taken.
Critics of the write-downs may still be on to something, however.
The bank said on Sunday that it will increase write-downs by a further $8 billion-11 billion.
Those three companies have in the last four weeks announced about $24 billion of write-downs.
Financial services firms have already taken nearly $190 billion in write-downs since the middle of 2007.
The write-downs bring Merrill’s total in the last three quarters to more than $30 billion.
Still to come are more write-downs of loans on the banks’ books.
The company was forced to write-down its entire $500 million investment.
Believe it or not, the write-downs are better than what was being discussed.
A big write-down in value would be disastrous for them.
Even bank write-downs can be spun in a good light.
The bank said write-downs were expected to remain within its estimates.
It is already clear that many more write-downs lie ahead.
This is likely to be the end of write-downs for these assets.
That property write-down takes the value of the estate down to £1.3 billion.
"I wouldn't be surprised if they had to take another write-down."
A year later, the company had to make a huge writedown after the failure of a domestic postal venture.
Shares have lost nearly 80 percent of their value this year and the bank has taken $7 billion in write-downs.
As a result, the bank may have to implement further credit write-downs.