As financial services firms report their earnings, it’s clear that recovery is a long way off
Pacific & Western Credit Corp. swung to a loss in the third quarter as it took a $3.7 million charge on one of its preferred share positions. The London, Ont.-based financial services company said the net loss for the quarter ended July 31 was $4.2 million, or 31¢ a share, compared to a profit of […]
Financial markets profit shoots up 75% in third-quarter
Wealth management net income up 5%
Bank hikes dividend
$12.2 million cut from net income in first half of 2008
Bank takes $885 million writedown on structured credit business
Provision for credit losses rises to $159 million
Provisions for credit losses reflect weakness in the U.S. residential real estate market
Financial sector profits slip 1.7%