Analysts suggest investment bank writedowns of more than $10 billion are coming soon

NEW YORK - Wall Street turned on itself Friday, as one widely watched analyst said investment banks face $10 billion or more in writedowns this quarter from bad mortgage debt, and another downgraded much of the banking sector on similar fears.

Shares of Merrill Lynch fell almost 8 percent, touching their lowest point since early 2005. Other investment banks fell substantially as well.

The downgrades and the commentary renewed fears of a repeat of August, when stocks sank, credit markets locked up and banks slashed the value of their investment portfolios. Standard & Poor's equity analysts suggested even the banks with the best risk controls will still struggle through the current market.

Deutsche Bank analyst Mike Mayo predicted late Thursday night that the investment banks will need to take another $10 billion in writedowns in the fourth quarter, with hits of $4 billion each at Citigroup and Merrill Lynch and a total of $2 billion at places like Wachovia and Bank of America.


Foreclosure Listings In Ny
Causes For Gout
Bellsouth Dsl Webmail
Power Term
Nymex Heating Oil
Olive Garden Soup Recipes
Myspace Overlay Generator
Weaving Hair Salons
Gerd Pneumonia
Education In Universities
A La Carte Service
Equal Business Opportunity
U2 Vertigo Tour Canada
Http Yourweb117ceiling Fanshunter Ceiling Fan Direction Php
Learn The Language Foo
Sivory Punta Cana All Inclusive
Index
5700 Credit Card Machines
12 Circular Knitting Needles
Spoon Fork Thai Vietnamese Cuisine
The Gazette Net
Personal Loans With Monthly Payment Plans For Bad Credit
Http Yourweb117resistorirc Resistor Php
Medical Majors
Codec Pak
Railroads Railways
Online Virus Scan Symantec
Consulting
Gold Wedding Favor Boxes
Pizza Delivery Portland
Juran Quality Control
Viral Videos
Yellow Cake Ice Cream
Fantasy Football Player Ranking
Ingersol Rand
Http Yourweb106knee Replacementknee Replacement Surgery What To Expect Php
Comparison Mortgage Rate Refinance
Rhapsody Codes
Hoodie Sweatshirt
Scandinavian Bedroom Furniture
Egberts Senseo Coffee Pods
Http Yourweb106lactose Intolerancepeople With Lactose Intolerance Php
Budget Car Insurance
Benson Curt A Cpa
Antique Chaise Lounge
United Flight Status
How To Become A Certified Financial Planner Online
401k Vehicle
Free Screen Saver
Telemarketingservice
Business Consultants
Identity Theft Protection Law
Mucopurulent Conjunctivitis
Nature Conservancy Long Island
Children Bedding
Black Magic Chef
Biotech Neuroscience
Accounting Resume Software
Diverticulitis Gas
Hepatitis A Vaccine Risks
Humira For Psoriasis
City Of North Bend Oregon
Student Nursing Loans For Living
Classic Rock 93
Hp Ipaq 5455
Cheesecake Recipe
Immediate Cure For Laryngitis
Home Equity Line Of Credit Pro
Cake Bakery Oklahoma
19 6 Hotpoint Refrigerator Side By Side
Holiday Inn Extended Stay
Tea Games Skate
Buick Regal Gas Mileage
Pioneer Costumes For Kids
Interview With Willie Nelson
Micro Electronics
Alternative Fuel Information
It Outsourcing 2007
Http Yourweb106norwalk Virussitemap Php
Source Energy
French Chandelier Shades
Playstation 2 Price
Manteca Yoga Mat
Psoriasis Medicated Skin Treatment
Being Done
Syndrome Copd
Guaranteed Loans
Treat Head Lice
Best Anti Virus
Best Credit Card Offer
Discount Custom Medical Alert Necklace
Asset Management Software Trainig
Wooden Folding Chair
Oklahoma Election Board
Uwe Tanning Bed
Bronx Tale Broadway Tickets
Fisher Price Collectible Toys
Bone Joint Pain
X 72 Fabric Shower Curtain
Health Insurance Quotes Utah
Spectrum Gyms