Key characteristic of the instrument is that it can absorb losses through a conversion or write-downs
using the investors money and not at the cost of other creditors or the state.
were associated with the firm's trading division.
are primarily related to goodwill and customer lists in connection with the company's activities in MAG45, a supply chain specialist, and STI, a training and consultancy company.
NORDIC BUSINESS REPORT-January 10, 2014-Gunnebo divests loans and shares and write-downs
loans under divestment of Perimeter Protection
TOM ALBANESE stepped down as the chief executive of Rio Tinto last week, after an announcement that the company expects to recognise $14bn in write-downs
Erste Bank Group announced that it made a EUR300m write-down
on goodwill primarily associated with its Romanian subsidiary BCR, though the head of UniCredit's CEE operations played down prospects for goodwill write-downs
, saying the region's leading lender had always taken a conservative approach to valuations."We feel pretty confident we have a clean house.
BANKING AND CREDIT NEWS-November 17, 2011--Banking unit write-downs
push Alm Brand into EUR12.8m loss in Q3 2011(C)2011 M2 COMMUNICATIONS http://www.m2.com
17 November 2011 - Swedish life-science investor Allenex AB (STO:ALNX), formerly Linkmed, said on Wednesday its net loss deepened to SEK59.3m (USD8.8m/EUR6.5m) in the third quarter of 2011 mainly due to SEK56.2m write-downs
of investments in associated companies.
''Consequently, our estimates of actual and potential global write-downs
held by banks and other financial institutions have fallen by some $600 billion from about $4 trillion to $3.4 trillion,'' it said.
It is likely to announce plans to axe 10,000 staff and reveal more than pounds 1 billion in write-downs
in its full year results today.
of toxic debt among banks and other financial institutions in the United States, Europe and Japan could reach $4.1 trillion, the International Monetary Fund said on Tuesday.
"The nature of the write-downs
are consistent with those of other media organizations throughout North America and which reflect lower future profit expectations as a result of the current outlook for advertising in the operations," Canwest said.