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Here is a list of banks' writedowns of subprime mortgage loans, leveraged loan commitments, and other assets since September. To date, major banks have announced more than $50 billion of writedowns and losses.
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A telling indicator of competitiveness, argues Entrepreneur Magazine, is the number of employees required to generate $1 million in annual revenues. Measure banks by revenue and U.S. banks such as Bank of America and Citigroup take the lead; but if you measure by assets, international banks outside of the U.S. jump ahead of the pack. Thank you.
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