Posted by Reuters: Business News on October 11, 2011
SAN FRANCISCO/WASHINGTON (Reuters) – Two former executives of a bank that received a $300 million federal bailout before its collapse during the financial crisis are facing criminal and civil fraud charges for their role in trying to conceal loan losses.
Posted by Reuters: Business News on January 18, 2011
NEW YORK (Reuters) – Slumping revenues from trading fixed income products pushed Citigroup Inc fourth-quarter profit below expectations even as loan losses eased at the No. 3 U.S. bank.
Posted by Reuters: Business News on October 20, 2010
NEW YORK (Reuters) – Wells Fargo & Co reported on Wednesday that third-quarter profit rose, as lower loan losses helped counter a drop in revenue.
Posted by Reuters: Business News on October 13, 2010
NEW YORK (Reuters) – JPMorgan Chase & Co , the second largest U.S. bank by assets, said its quarterly profit jumped 22 percent, helped by lower loan losses in its retail and credit card units.
Posted by Reuters: Business News on July 15, 2010
NEW YORK (Reuters) – JPMorgan Chase & Co posted higher second-quarter earnings on Thursday, beating analysts’ expectations, after setting aside less money for loan losses.
Posted by Reuters: Business News on
NEW YORK (Reuters) – JPMorgan Chase & Co posted higher second-quarter earnings on Thursday, beating analysts’ expectations, after setting aside less money for loan losses.
Posted by Reuters: Business News on
NEW YORK (Reuters) – JPMorgan Chase & Co posted higher second-quarter earnings on Thursday after setting aside less money for loan losses.
Posted by Reuters: Business News on May 31, 2010
FRANKFURT/MADRID (Reuters) – The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a “second wave” of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.
Posted by Reuters: Business News on April 14, 2010
NEW YORK (Reuters) – JPMorgan Chase & Co reported quarterly profit that beat forecasts as investment banking earnings gained and loan losses slowed, and sounded a bullish note on the overall economy.
Posted by Reuters: Business News on January 20, 2010
CHARLOTTE, North Carolina (Reuters) – Bank of America Corp reported a wider-than-expected quarterly loss, hurt by still-high loan losses and its repayment of U.S. government bailout aid.
