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Exact(10)
It has written off losses and tightened its cardholder requirements, Mr. Exstein noted.
It has written off another $5 billion since.
It has written off a lot of debt and pushed for open trade.
And it has done something more insidious: it has written off the people of Detroit.
Citigroup had also paid Mr. Pandit hundreds of millions of dollars to acquire his firm, Old Lane Partners, an investment it has written off completely.
He is particularly depressed by Europe because it has written off only 6.5% of loans, whereas experience suggests 11%-12 11%-12quired.
Similar(46)
The American parent, which owns 43percentt of Nasdaq Japan, said earlier this month that it had written off its entire $20 million investment in the venture.
One pointed to last week's interim results from Nationwide, which revealed that it had written off £34.2m of its £167m investment in SIVs.
PARIS — Air France-KLM, the French-Dutch airline, said Thursday that it had written off the entire value of its 25 percent holding in its partner Alitalia, raising doubts that it will take part in a plan to inject 300 million euros into the struggling Italian flag carrier.
MBNA reported that it had written off 5.48percentt of the balances in its card portfolios in February, down from 5.55percentt in January.
Telenor said it had written off half that amount, reflecting the decline in telecommunications and technology stocks across Europe.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com