Wednesday, April 22, 2009

I.M.F. Puts Bank Losses From Global Financial Crisis at $4.1 Trillion - NYTimes.com

In a report released Tuesday, the I.M.F. estimated that banks and other financial institutions faced aggregate losses of $4.05 trillion in the value of their holdings as a result of the crisis.Of that amount, $2.7 trillion is from loans and assets originating in the United States, the fund said. That estimate is up from $2.2 trillion in the fund’s interim report in January, and $1.4 trillion last October.
I.M.F. Puts Bank Losses From Global Financial Crisis at $4.1 Trillion - NYTimes.com
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