Tag:
Market Losses
Latest Headlines
Latest Headlines
Fair value relief to help Citigroup?
The knee-jerk response to the new guidance on fair value rules has been that banks will see a significant bump in earnings, as mark-to-market losses lessen. But in the view of a TheStreet.com ratings analyst, that might not be the case with Citigroup. The argument starts with the fact that as
Morgan Stanley's loss bigger than expected
Morgan Stanley reported a fourth-quarter loss of $2.24 per share ($2.3 billion), which was much worse than the 35 cents analysts were predicting. Earnings were weak across the board. Fixed income sales and trading net losses were $1.2 billion. Other sales and trading net losses of approximately $1
