Banks' losses mount as they write down good-will 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 good-will 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 good will are likely another source of losses.

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