Bear Stearns sees $125-$175 billion writedown for financials
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- Bear Stearns said it expects Standard &amp; Poor's 500 financials to recognize mortgage and other credit-related write-downs of $125 billion to $175 billion, adding that write-downs in Europe should not cause "widespread panic" for U.S. counterparts.
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Credit Suisse faces a fresh assets write-off of 2.5 billion Swiss francs (1.5 billion euros, 2.3 billion dollars) from the US sub-prime crisis, Sonntag newspaper reported Sunday.
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Swiss bank UBS could face billions of  dollars more in subprime-related write-downs in 2008, which  could tip it into a second year of losses, analysts warned  investors, sending its shares tumbling again.
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Some aggrieved investors are turning to lawyers to pursue possible legal claims stemming from losses at two Bear Stearns Cos.  hedge funds that were virtually wiped out from large, illiquid bets on risky mortgages.
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Investment bank Bear Stearns Cos. Inc. , one of the nation's largest mortgage bond underwriters, said on Thursday quarterly earnings fell by a third as trouble in the mortgage market hurt bond trading revenue and it wrote down assets at a stock trading venture.
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Bear Stearns Cos.  has offered to infuse $1.5 billion of its own capital to help rescue a Bear Stearns hedge fund on the brink of collapse, people familiar with the situation said on Tuesday.
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Two Bear Stearns Cos.  hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down as a rescue plan is falling apart, The Wall Street Journal Online reported on Wednesday.
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Bear Stearns is to give $3.2bn to bail out a hedge fund that has lost money in the sub-prime mortgage sector.
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GENEVA -- UBS AG said Wednesday it expects a record fourth-quarter loss of around $11.45 billion, largely from bad investments in U.S. subprime mortgages.
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Bear Stearns Cos. , trying to prevent the collapse of two of its hedge funds, may take over about $3.2 billion of the funds' loans to prevent creditors from seizing more assets, Bloomberg reported on its Web site on Friday.
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An Australian hedge fund felled by its  exposure to risky credit derivatives filed for bankruptcy  protection in the United States, and liquidators on Thursday  were assessing how much money, if any, would be returned to  investors.
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Credit Suisse said on Tuesday it was writing down a further 2.85 billion dollars (1.9 billion euros) worth of assets linked to the US housing market due to adverse conditions in the first quarter.
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Bear Stearns Cos.  may take until July 16 to tally losses at two struggling hedge funds that invested in risky mortgage-related securities, The Wall Street Journal Online reported on Monday.
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Bear Stearns Cos. Inc.  on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages, raising concern about other funds that invested in bonds linked to subprime mortgages.
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Brokerage announces weaker-than-expected results dragged lower by a writedown in the value of some of its assets.
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Bear Stearns Cos. Inc.  may have to bail out a second troubled hedge fund that it manages, Merrill Lynch analyst Guy Moszkowski wrote on Monday.
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Bear Stearns Cos Inc's management shake-up could make the investment bank a takeover target, but the possibility of more write-downs and chance of legal entanglements from the subprime mortgage crisis could sideline suitors for now, analysts said on Tuesday.