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Société Générale announced a loss after more big write-downs and rising loss provisions.
What we are seeing is a scissor effect: rising loss of jobs in developed countries and rising mortality rate in developing countries.
Indeed, under a moderate-case scenario that Mr. Gast recently outlined in an interview, bank earnings could fall as much as 18percentt over the next three years as a result of rising loss provisions.
The response to JPMorgan Chase's $2 billion (and rising) loss on a position taken by its chief investment office could not have been more highly charged.The loss has reinforced the political appeal of bashing banks, no matter what the facts.
The rising loss of such gentle giants has sparked a new form of innovation conservation technology.
Insurance underwriters are going through a negative cycle with rising loss ratios.
Similar(51)
Rising losses and falling prices cause profits to suffer.
Clearly, rising losses cannot be sustained for ever.
Earnings fell 8percentt at the consumer finance business, partly a result of rising losses in Japan.
The rising losses reflect the bank's regulatory and legal problems.
Bank stocks were among the biggest losers yesterday, as investors fretted that a recession would mean rising losses on loans.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com