Banks incur losses on write-downs for goodwill values

04/27/2009 | NYTimes.com

Businesses around the world acquired rivals and smaller firms as part of their expansions, but those deals are now forcing them to take substantial losses through write-downs in the value of goodwill assets. Banks, which are continuing to reel from losses related to subprime loans, commercial real estate loans and credit card businesses, are finding that the declines in goodwill are likely another source of losses.

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