Insurer to take $250 million hit from credit losses
The calculation gives clear evidence of the companies that have done well and those that haven’t
Loan-loss provisions escalate and companies expect more of the same in the next two quarters
But revenue, EBITDA and AUM decline due to stock market volatility
But the company warns that the credit-default swaps are subject to dramatic swings in market value and liquidity
Volatile markets bite into AUM
Core client franchise achieved solid revenue growth, profitability
Revenues tumble in investment banking, trading divisions
Brokerage firms on the New York Stock Exchange returned to profitability in the second quarter, although they reported a sharp decline from the same period a year ago.NYSE member firms that conduct business with the public reported after-tax profits of US$1.07 billion (for the second quarter, down from US$2.75 billion in the same quarter a […]
Wall Street investment bank plans asset sales