trading losses

Unicredit 3Q earns drop 54 percent

Wed, 12 Nov 2008 03:10:36 -0600

Unicredit, Italy's largest bank, said Wednesday third-quarter net profit dropped 54 percent due to a decrease in fee income and trading losses caused by the financial crisis.

Intesa Sanpaolo 3Q net profit down 54 pct

Tue, 11 Nov 2008 08:43:10 -0600

Intesa Sanpaolo Spa, Italy's second-largest bank, said Tuesday third-quarter net profit fell 54 percent due to trading losses and writedowns, causing to bank to cancel its dividend payments to restore its capital base.

Deutsche Bank reports 1Q loss on $4.2 billion in write-downs

Tue, 29 Apr 2008 08:59:08 -0500

"In the first quarter of this year, financial market conditions were the most difficult in recent memory. In the month of March, pressure on the banking sector was more intense than at any time since the current credit downturn began"

Deutsche Bank AG said Tuesday that it wrote down $4.2 billion during the first quarter, pushing Germany's biggest bank to its first quarterly loss since 2003 amid trading losses, lower revenue and global market jitters.