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Tag: Quarterly Report


Todd Ehlers (CC BY-ND 2.0)

Banks Rake In Highest Quarterly Profits Since 2007

The American banking industry enjoyed profits of $35.3 billion in the first quarter of 2012, the industry’s best performance since 2007, according to the Federal Deposit Insurance Corp. But it did so largely because banks put aside less money to cover bad loans, while keeping a lid on new lending.

Posted on May 24, 2012 READ MORE


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AP / Mark Lennihan

Goldman Sachs Sags in Third Quarter

Even bad news has a way of turning around fast for Goldman Sachs. The financial giant was forced to concede Tuesday that it did not, for once, defy the laws of market physics as it has done even in the throes of the ongoing recession (you can keep your sketchy recession timeline, New York Times), and that it had ... (more)

Posted on Oct 18, 2011 READ MORE


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