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"Banks just have to get smaller, so they're lending less and getting out of certain asset classes," said David Abrams, head of European nonperforming loan investments at Apollo Global Management in London.
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In a statement, Credit Suisse said that an internal review had "resulted in the re-pricing of certain asset-backed positions in its structured credit trading business," and that the write-down — related to "significant adverse first-quarter 2008 market developments" — would reduce its net income by about $1.0 billion.
They are likely to scrutinize the acquisition and possibly force divestitures of certain assets.
It also had a pretax charge of $61.4 million, or 4 cents a share, from impairment of certain assets.
But the price that AT&T had to pay for approval was to agree to a sale of certain assets.
In some countries the reserve requirements against deposits provide for the inclusion of certain assets in addition to cash.
Verizon Wireless said yesterday that it had completed its acquisition of certain assets of the Dobson Communications Corporation, a rural wireless operator, for about $465 million.
"There were obviously a number of government departments that resented the setting up of OSCT and the losing of certain assets and departments to it.
The document adds that the company may seek "rebranding of certain assets, changes in core content areas, new business initiatives" and other strategic changes.
In an S.E.C. filing yesterday the company said the changes related to Ms. Stewart's altered status might include "rebranding of certain assets".
Concerns were raised about the value of certain assets, and the collateral on a loan the Italian bank had made to an entrepreneur.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com