So that was predominantly what we discussed with members of the Governing Council this morning and yesterday.
Write-downs and new capital raised Since the turmoil erupted, the total reduction in net income attributable to write-downs of global banks on their assets has amounted to just under USD 1 trillion so far. The left panel on Chart 11 shows that US banks have accounted for the bulk of the income losses – about 60% of the overall figure.