Small firms building fee-based business as successfully as big firms
Investment banking activity slows, trading profits fall
First loss for investment bank since going public
Revenue drops 34%
Mortgage provider expects to return to profitability in second half of fiscal 2008
Canadian Western Bank today reported at 14% rise in profit for the second quarter ended April 30.Net income for the quarter was $25.3 million, or 40¢ a shares. That compares with $22.2 million, or 36¢ a share, for the year ago period.Revenue rose to $72.4 million for the quarter, compared with $65.5 million a year […]
New York Stock Exchange member firms lost more than US$14.5 billion in the first quarter, the exchange reported.The NYSE said that firms that conduct business with the public (the category generally also includes firms that trade primarily for their own account, but excludes specialists) reported a first quarter 2008 after-tax loss of US$14.50 billion, compared […]
A number of pressure points continue to build for major UK banks and 2008 performance is likely to be weaker, says Fitch Ratings in a special report.The rating agency said that in 2008, earnings have been, and will be, negatively impacted by write-downs due to US subprime and related credit exposures and the slowdown in […]
The 11 industries in the resources and financial sectors that have the largest earnings are setting the trend
Bank takes $49 million charge on ABCP hedges