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The quarterly results also included an unsettling reminder that liabilities in the finance business can linger and grow.
In the pension fund world, that meant that interest rates went down, which means that liabilities go up.
More than 200 investors, known as "names", argued that they were fraudulently recruited to become the market's financial backers when senior executives knew that liabilities were soaring.
In deciding to close its scheme to new members from April 2010, the oil behemoth cited in particular its concern that liabilities were being driven up by greater life expectancy.
Meanwhile, the Bundesbank, representing the views of Germany's monetary authorities within the European Central Bank, complained Monday that liabilities acquired by weaker countries were being offloaded onto the stronger ones.
Smiths said the increase in the deficit was due to the fall in global equity values, and warned that liabilities would have increased further since the end of the half year, since the Bank of England's quantitative easing had caused discount rates to fall.
Similar(46)
"Our concern is that liability could increase," Ms. Parker said.
Under the Republican bill, that liability would disappear.
First, we've already seen that liability for boards and management is extremely rare.
But even some of those lawyers predicted that liability suits would be filed.
Critics point to defensive medicine as the hidden burden that liability imposes on health care.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com