Citi Sees Another $7 Billion Writedown At Demolished UBS

Citi analyst Jeremy Sigee is predicting a $6.9 billion write-down in Q2 at UBS. The Swiss bank has already written-down $38 billion of bad credit, but Sigee thinks that as much as $83 billion of risky debt remains on UBS’ balance sheet.

See Also: Whitney Whacks Citi, Merrill, And UBS

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.