Losses related to substantial declines in both equity markets and interest rate levels
Three consecutive months of decreases, Conference Board says
Net fund sales rise to 18.5 milllion
Profit forecast includes the US$2.3 billion loss resulting from unauthorized trading
Financials have slumped in profitability while non-financials have done well
One trend that persisted in the quarter is that consolidation is continuing, with many transactions announced in Q2
Stock market volatility to affect Q4 bottom line, bank says
The trend toward consolidation continued in Q1, 2011, helping to boost results. Most banks also showed gains in wealth management
Provisions for credit losses drop by $104 million