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Bill Gross: Writedowns to hit $1 trillion

July 30, 2008 — 1:41pm ET | By Jim Kim
According to the Financial News Online write-down-o-meter, banks collectively wrote off $205 billion as of June. Since then, the total has marched higher. Is that number set to explode to even higher... Read more...

Goldman Sachs surprises with strong earnings

June 17, 2008 — 8:52am ET | By Jim Kim
This confirms just how hard it is to accurately forecast earnings for the top global banks: Goldman Sachs reported fully diluted earnings of $4.58 a share. Most analysts were estimating Goldman to... Read more...