The Financial News writedown-ometer reached $205bn (Ã¢ÂÂ¬132bn) today after Lehman Brothers announced writedowns of $3.7bn in relation to mortgage-backed securities and leveraged loans. This pushed the US bankÃ¢ÂÂs total writedowns since the start of the credit crisis to $7bn.

Last month the figure jumped by $10bn in one week after Barclays Capital, SociÃ©tÃ© GÃ©nÃ©rale, BNP Paribas, CrÃ©dit Agricole and Natixis each reported writedowns in their credit portfolios for the first quarter of the year.

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Writedowns hit $205bn

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