An analysis out of Citigroup says that UBS (UBS) could be forced to write-down $18 billion more of its $80 billion in exposure to subprime instruments and other debt which it holds on its balance sheet
According to Reuters "We estimate that the $80 billion remaining exposures could need 12-20 billion francs more markdowns in 2008," said the Citigroup note.
Since Citi (NYSE:C) is facing many of the same problems maybe it could do an analysis of its own balance sheet and publish how much analysts think it will have to write-down this year.
Douglas A. McIntyre
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