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Wachovia said on Monday it has had significant losses from a Citigroup hedge fund, Reuters reported.
Banks continue to face significant losses from problem assets like investments in the American real estate market, the Bundesbank said.
Wachovia said on Monday it has had significant losses from the hedge fund, joining Fifth Third Bancorp, which disclosed its loss in an April lawsuit.
Trading groups within the banks could post significant losses from mortgage-related investments, and the increases in lucrative advisory and underwriting fees from big buyout deals have slowed.
She says she incurred significant losses from her time out of work, the clients she lost, and having to rebuild a business from scratch.
HSH Nordbank, based in Hamburg, said it wanted to recover "significant losses" from a $500 million portfolio of collateralized debt obligations linked to the American mortgage market, which the German bank bought from UBS in 2002.
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But it told analysts to expect a "significant loss" from its European division in the fourth quarter, compared with a $30 million profit in Europe in the period in 1999.
In May, the financial regulator banned the freight and oil trader David C. Redmond for hiding a trading position that could have incurred "a significant loss" from his employer, Morgan Stanley.
"Pursuit of an Edge, in Steroids or Stocks" (Economic View, Oct. 5) offered two conditions that must be met for today's type of market "steroid" failure to occur: Investors must see a high probability of gain with only a small chance of significant loss from their actions, and rewards depend strongly on relative performance.
Cake Financial founder and CEO Stephen Carpenter estimated that Zynga is bringing in $15 million in profit per month, and would stand to take a significant loss from the 30percentt cut.
Van der Weyden's The Justice of Trajan and Herkinbald polyptych is perhaps the most significant loss; from records it appears to have been comparable in scale and ambition to the Ghent Altarpiece.
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