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The bank also has another significant write-off in store.
In December, the company also announced that it expected to take a significant write-off because of a plunge in technology stock investments.
Shell declined to say how much it had already spent on Al Karaana, or whether it would have to include a significant write-off in its first-quarter results.
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Many of these investments have already resulted in significant write-offs, and several alliances have unraveled.
PARIS — Société Générale said Thursday that the rogue trading uncovered last month, combined with significant write-offs of United States subprime mortgage investments, had pushed it to a record loss in the quarter.
"The club is pleased that this has been achieved without the need for significant public debt write-off, as has been the case elsewhere in cricket.
The aim would be to substantiate every claim on the country, whether from banks, governments or businesses; carry out a thorough sustainability analysis; and impose a debt write-off significant enough to make future repayments manageable and allow the stricken economy to recover.
The aim would be to impose a debt write-off significant enough to make future repayments manageable Yet while the world's policymakers have expended countless hours since the crisis of 2008 rewriting regulations on bonuses, mortgage lending, derivatives and too-big-to-fail banks, little attention has been paid to what should happen when a government is on the brink of financial meltdown.
That's why the I.M.F.'s current managing director, Christine Lagarde, said that there needs to be what is euphemistically called "debt restructuring" — that is, in one way or another, a write-off of a significant portion of the debt.
The most significant benefit, arguably, is the depreciation write-off.
That would include significant debt write-offs (as the International Monetary Fund is suggesting), quick moves toward better-integrated European banking institutions, and a general agreement that the European Central Bank unconditionally support troubled debt securities without trying to manipulate home governments' policies.
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