Germany's Commerzbank AG reported Friday a large first quarter loss as the bank, struggling to recover from the effects of the global financial crisis, made provisions for bad loans and investments.
H&R Block reports loss for 1Q due to costs
H&R Block Inc. says its fiscal first-quarter loss was essentially flat compared with a year earlier as it took expenses for acquiring a franchise operation last year and other costs.
UBS Plans to Raise $3.48 Billion in Stock Sale
UBS, one of the world’s hardest-hit major banks in the global financial crisis, said it plans to raise about $3.48 billion by selling stock and expects a second quarter loss.
A.I.G. Narrows Its Loss
American International Group, the battered insurer, says its first-quarter loss narrowed, and was sharply lower than the record-setting lost it posted a quarter ago.
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