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4 billion real writedown, an amount equal to more than half the company's current 120-billion-real ($43.
Eurogroup chief Jean-Claude Juncker on Friday dismissed the possibility of a writedown on Cypriot sovereign debt, saying it would put credibility of the euro zone at risk.
96bn euro writedown on the sale of Greek unit Emporiki, in line with expectations but taking the total cost of its disastrous foray into the debt-stricken country to around 7.
There could be some minor writedowns in Q4, but they're negligible," he said, adding that the company expected no writedowns outside the retail brokerage business.
RBS has had a troubled year and in June it was forced to raise pounds 12 billion in the biggest-ever rights issue, to repair a balance sheet stretched by last year's purchase of parts of ABN AMRO and the writedowns.
The last writedowns for last year had already forced the bank into a controversial rescue recapitalisation by a Singapore sovereign wealth fund and by an investor in the Middle East.
Credit Suisse, Switzerland's second largest bank, has so far fared better than the country's largest bank, UBS, which has posted writedowns of more than SFr 37 billion as well as its first-ever full-year loss in 2007.
It is believed that the bank may announce further writedowns of about USD17bn in the first quarter.
Reporting on writedowns, however, is not an independent process; impairment cannot be considered in isolation.
There has been a dramatic increase in the frequency and magnitude of asset writedowns during the 1980s.
Global Banking News-January 14, 2015--Goldman hurt by Portugal's writedowns