U.S., European Banks Could Lose Over $5 Bln From Risky Buyout Loans.

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Major U.S. and European banks are facing tougher times in the riskiest parts of the loan market.

The biggest U.S. lenders, including Bank of America (BAC.N) and Citigroup (C.N), wrote down $1 billion in the second quarter on leveraged and bridge loans as rising interest rates made it tougher for banks to offload debt to investors and other lenders.

Below is a compilation of write-downs that global banks took during the second quarter:

BANK OF AMERICA

Bank of America said it took mark-to-market losses related to leveraged finance positions in the second quarter.

CITIGROUP

Citigroup Inc (C.N) wrote down $126 million in the second quarter.

WELLS FARGO

Wells Fargo & Co (WFC.N) took a $107 million write-down due to a widening of credit spreads.

CREDIT SUISSE

Credit Suisse said it suffered mark-to-market losses of 235 million Swiss Francs ($247.45 million) in leveraged finance.

JPMORGAN

JPMorgan took a $257 million markdown on its book of bridge loans.

Reuters.

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