European bank with the biggest losses ,,,,,,,,,,,,,,anant arora
From : Anant Arora at 12:34 PM - Feb 09, 2010(24 months ago)
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European bank with the biggest losses from the credit crisis, reported its first profit in more than a year, helped by a recovery at the investment bank and a lower charge tied to the company’s debt.
Fourth-quarter net income was 1.21 billion Swiss francs ($1.13 billion), compared with a loss of 9.56 billion francs a year earlier, the Zurich-based bank said in a statement today. Earnings beat the 416 million-franc estimate of 14 analysts surveyed by Bloomberg, helped by a 480 million-franc tax credit.
From : Syam Nair at 12:48 PM - Feb 09, 2010(24 months ago)
THANKS,ANANT...SO THAT WILL MAKE EUROPEAN MARKETS POSITIVE TODAY??? OR BEARS WILL TRY TO TOUCH AROUND THE NOSE AND MAKE THIS ALSO A NEGATIVE NEWS LIKE EUROPEAN BANKS MADE FIRST TIME PROFIT,SO GOVERNMENT WILL TIGHTEN MONETARY POLICY....OH THESE BEARS....HOW EASILY THEY CHANGE A NEWS...
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