After the bank unearthed the level of illiquid trades that the trading division had completed, it began a thorough write-down
process, which took two and a half months to complete, and approached the USD1bn level.
Further, the company's board of directors has determined a need for write-down
of the associated business BIMobject AB based on the share price development.
NORDIC BUSINESS REPORT-February 17, 2016-Peab's results for 2015 affected by write-down
of Mall of Scandinavia project
The bank said that it has increased the write-down
on its FIA Card Services because of deteriorating credit quality.
This aspect of the problem is reflected in the write-down
Analysts expected Merrill's fourth-quarter write-down
to land anywhere from $10bn to $15bn.
s Chairman and chief executive officer Charles Prince resigned on Sunday and the bank may suffer up to an $11 billion write-down
for subprime losses, the bank said Sunday.
In 1998, a Chinese accounting regulation allowed listed companies to voluntarily write-down
assets through their income statements.
will incur a $2 billion balance-sheet write-down
in the current quarter because of its investment in Pasadena-based Gemstar-TV Guide International Inc.
Letter Ruling 9237037(103) permitted a plan sponsor to write down ESOP loans and amend the plan to permit stock distributions from the suspense account more quickly without treating the write-down
as a deduction under Sec.
is nearly half of the $65 million the company invested to construct the plant and start operations.
98 million write-down
of accounts receivable from Revco, the embattled retailer that filed for Chapter 11 protection in July 1988.