Dutch parent announces jobs cuts, CEO departure
Weak market conditions bite into earnings
Even with conservative methods of estimating corporate earning power, the numbers just don’t add up
Bank posts US$1.8 billion loss in Q4
Banking giant to separate into two separate businesses
Integration of Washington Mutual progressing well, CEO says
New York Stock Exchange brokerage firms reported a loss of almost US$7billion for the third quarter.NYSE member firms that conduct business with the public (which excludes market makers) reported a third-quarter 2008 after-tax loss of US$6.95 billion on revenues of US$44.13 billion, compared with US$2.49 billion in after-tax losses on revenues of US$78.79 billion in […]
Quarterly profit survey
Morgan Stanley lost US$2.3 billion in its fourth quarter, ended Nov. 30, ending a string of three profitable quarters, the company reported Wednesday.For the quarter, the net loss was US$2.295 billion, compared with the net loss of US$3.6 billion in the fourth quarter of 2007.The loss from continuing operations for the fourth quarter was US$2.195 […]
Sharp decline in values across virtually every asset class