Credit union ends first year of operations serving two provinces
Losses and writedowns cause significant changes, says PricewaterhouseCoopers
Brokerage firms on the New York Stock Exchange lost just over US$7 billion in the fourth quarter of 2008, and while that was an improvement from a year ago, full year profits were down substantially.The NYSE reported that member firms that conduct business with the public recorded a fourth-quarter 2008 after-tax loss of US$7.25 billion, […]
Downturn comes as little surprise given sharp collapse in global equity markets
Q1 profit jumps on one-time gains
Premiums and deposits up 7% in 2008
Power Financial Corp. swung to a loss for the fourth quarter as the weakening economy led to charges at the firm’s operating subsidiaries.The net loss for the fourth quarter ended Dec. 31, 2008, was $773 million, or $1.12 per share, compared with net earnings of $532 million, or 73¢ a share, for the same period […]
Big Six raise money to ride out the storm
Pacific & Western posts quarterly loss
Impaired loans sharply higher than a year ago