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New York Times
Nov 27
Comment
Several of the world’s largest banks funneled loans to Bank Turalem of Kazakhstan, but many of these loans have failed, forcing steep write-offs.
MarketWatch
Nov 16
Comment
American Express Co. Monday said the net write-off rate in its U.S. managed credit card business fell to 7.8% at the end of October from 8.4% the prior month. Total loans that are at least 30 days past due held steady at 4.1%, according to a...
Reuters
Nov 12
Comment
* Revenue up 12 percent at 359 mln dirhams (Adds comments by CFO, analyst; more details)
Business Standard
Nov 5
Comment
Central bank unlikely to allow inclusion of write-offs in loan-loss coverage calculation.
Bloomberg
Oct 22
Comment
U.S. credit-card defaults fell in
September from a record high as five of the nation’s six biggest
card lenders posted monthly declines, according to Moody’s
Investors Service.
Bloomberg
Oct 20
Comment
(Update1) Japan Airlines Corp., Asia’s largest
carrier, reduced the amount of debt it is asking banks to write
off or convert into equity as it tries to win lenders’ approval
for new loans, two people familiar with the situation said.
New York Times
Oct 17
Comment
Media executives’ desire for acquisitions has led to $200 billion in write-offs since 2000, write the authors of “The Curse of the Mogul.”
MarketWatch
Oct 15
Comment
Nokia reports an unexpected 559 million euro ($836 million) loss for the third quarter, hurt by a write-down in the value of its telecom equipment venture as well as declining mobile phone sales.
Bloomberg
Oct 15
Comment
Japan Airlines Corp., seeking its
fourth state bailout since 2001, fell for a third day in Tokyo
trading after the Yomiuri newspaper said lenders may reject
requests to forgive some of the carrier’s debts.
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