Citi is surprisingly transparent about its accounting for mortgage holdings and investments in its recent Q2 results.
Of particular interest in the tables below, is the rather remarkable turn around in subprime exposures — which have turned from a $2.3bn mark-to-market loss in Q1 2009 to a $613m gain in the most recent quarter. Commercial real estate is still rather weak, however.
Related link:
Charting the mortgage crisis – FT Alphaville