Word: losses
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Dates: during 2000-2009
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...criminal fraud charges. It also agreed to release the names of 250 clients whom the U.S. suspects of evading taxes. Two weeks ago, as UBS shares plummeted to a new low, the bank's chief executive Marcel Rohner resigned. All that and the bank recently announced a $17 billion loss, the biggest in Swiss corporate history. (See pictures of the global financial crisis...
Credit Suisse, Switzerland's second largest bank, posted a $7 billion loss in 2008 and slashed thousands of jobs. But so far it has not suffered from the loss of client confidence that UBS faces. The biggest winners are small banks because "they keep their noses clean and stay out of the United States," Bretholz says. "The Swiss want their money to be safe, and they can no longer find security in big banks that operate internationally and are exposed to global risks...
...York City Still Too Big to Fail Insurer AIG, reeling from the collapse of mortgage-backed securities it underwrote, received a fourth massive infusion of federal funds, bringing total taxpayer liability to $180 billion. The same day, it posted a $61.7 billion quarterly loss--the largest in U.S. corporate history...
...glossed over the impact of malpractice lawsuits in the decline of VBAC births. Parents sign a detailed form stating that they fully understand the risks that can occur with a VBAC, but when their choice results in a tragic loss or injury, they often seek to blame the doctor or hospital. Larry Kincheloe, M.D., OKLAHOMA CITY...
...diet is, and this study suggests people should be focusing... on counting calories,” said Stephen D. Anton, a professor at the University of Florida who trained the dietitians who helped conduct the study. “It’s hard to predict how the weight loss industry will respond,” The study, funded by the National Institutes of Health, assigned over 800 overweight adults to one of four diets, each composed of different ratios of carbohydrates, proteins, and fats. Results from the two-year long clinical trial showed that all four diets...