Credit Suisse Group reported a net loss of 2.1 billion Swiss francs for the first quarter of 2008, after net writedowns of CHF 5.3 billion ($5.32 billion) in leveraged finance and structured products.The loss followed net income of CHF 2.7 billion in the first quarter of 2007. Net revenues on a core results basis were […]
Q2 earnings to be released May 28
Ohio bank cuts dividend, posts a loss
Rating outlook for bank is negative, Fitch says
Firm takes further writedowns on mortgage-related assets
Investment banking division hit hardest
Consumer finance sector remains weak, says NBF
Brokerage houses posted $7.4 billion loss in 2007
Chairman Ospel to step down
The global credit crunch and the resulting poor performance of equities played havoc with financial services firms’ bottom lines in the final quarter of 2007. Only 40% of 48 publicly traded companies surveyed reported improved earnings in the quarter than in the same period a year earlier.The big winner in Investment Executive’s quarterly profit survey […]