Barclays, the British bank, said on Tuesday that third-quarter profit fell more than 75 percent from a year earlier, dragged down by a loss at its investment banking unit. The bank, based in London, had a pretax profit of £327 million ($528 million) compared with £1.4 billion for the same period in 2009. Barclays Capital, [...]
Of the many reasons cited for the Election Day “shellacking” administered by Republicans to President Obama and the Democrats, perhaps none is as puzzling to political analysts — or as maddening to religious progressives who put so much faith and work into Obama’s success — than the Democrats’ failure to mobilize the Religious Left and [...]
11:53 a.m. | Updated From Julia Werdigier, a DealBook colleague: HSBC, Europe’s biggest bank, said Friday that earnings rose in the third-quarter but warned that the economic recovery in emerging markets was losing some steam. The bank’s chief executive, Michael Geoghegan, said there were likely “some bumps in the road ahead” in emerging economies, especially [...]
Since Jeannette Rankin was elected as the first woman to serve in Congress in 1917, members of the fairer sex have proven able representatives of the people’s choice. Despite the fact that a record number of women candidates ran for congressional office in the 2010 midterm elections, however (with a total of 152 female candidates [...]
The American International Group on Friday reported a $2.4 billion loss for its third quarter, again hamstrung in part by accounting charges related to its restructuring as it seeks to repay its taxpayer-financed bailout. The insurer disclosed a $4.5 billion charge related to its ongoing reorganization, including charges tied to a deferred tax asset and [...]
Freddie Mac, the mortgage finance giant, said on Wednesday that continuing weakness in housing resulted in a $4.1 billion third-quarter net loss and another draw from the Treasury to maintain positive net worth, Reuters reports. Freddie Mac’s loss included a $1.6 billion dividend payment on senior preferred stock purchased by the Treasury since the financial [...]
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