Co-operators General Insurance Co. today announced a big jump in its fourth quarter earnings. consolidated financial results for the three months and year ended December 31, 2007. Co-operators General reported consolidated net income of $60.8 million for the quarter ended Dec. 31, 2007, compared to $18.5 million for the same quarter in 2006. The improvement […]
The Swiss banking giant Credit Suisse today announced a writedown due to a revaluation of some of its structured credit trading positions.The firm reported that it has undertaken an internal review that has resulted in the repricing of certain asset-backed positions in its structured credit trading business within investment banking.“The current total fair value reductions […]
Major ratings agencies confirm BMO's rating
2007 a disappointing year for auto and truck insurer
Life insurer reports strong results across all three business segments
Positive sales momentum bodes well for 2008
Zurich-based bank sees a tough year ahead
Stronger dollar curbs operating income
Market conditions weigh on investment dealer unit
Stock market downturn could hurt 2008 income, company warns