CIB, Centrue show smaller losses than prior year
CIB Marine Bancshares and Centrue Financial Corp. each reported Friday that their first-quarter net losses were significantly smaller than a year ago. CIB Marine Bancshares — the parent company of Central Illinois Bank — said its net loss was $1.3 million, down from $2.4 million during the first quarter of 2010. read more
Source: The Champaign News-Gazette
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Big losses reported by Biomet
Biomet Inc. on Tuesday announced preliminary financial results for the fourth-quarter and fiscal year ended May 31. The Warsaw-based orthopedic devices maker reported an annual loss of $843.5 million,...
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Lloyds job losses are sad for those affected, but banking had to shrink | Phillip Inman
Our bloated banking sector grew from dodgy selling and lending on overvalued properties – their profits were a tax on us all Redundancies at Lloyds Banking Group are an inevitable consequence of Britain's...
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Banks help cushion losses, ringgit weakens
KUALA LUMPUR:Banking stocks including RHB Capital, CIMB and AMMB helped cushion the losses on Bursa Malaysia in the morning session...
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RHB Cap extends losses in afternoon trade
KUALA LUMPUR: RHB CAPITAL BHD [ ]’s share price extended its losses at the start of the afternoon trade on Thursday, June 23 on news reports that CIMB Banking Group and MALAYAN BANKING BHD [ ] might...
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Lloyds Banking Group job losses set to hit 43,000
A strategy review by the new chief executive of Lloyds Banking Group is set to push total job cuts at the taxpayer-backed bank to in excess of 43,000, equivalent to the population of Winchester.
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U.S. stocks off lows as financials pare losses
LOS ANGELES (MarketWatch) -- U.S. stocks continued to decline Friday afternoon, but backed away from their deepest levels in part as the financial group moved off session lows. The Dow Jones Industrial...
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Stocks trim losses on hope of new aid for Greece
NEW YORK (MarketWatch) -- U.S. stocks curbed Friday losses as financials perked up after the leader of a group of a European finance ministers said new aid for Greece would be approved. After dropping...