National City Corp. said Tuesday that its fourth-quarter earnings dropped 58 percent, pulled down by higher loan-loss provisions and restructuring charges. Earnings of $398 million, or 64 cents a share, compared with year-ago earnings of $960 million, or $1.46 a share. Results include a $75 million charge after taxes for severance and other events.

Fed official hints at second round of quantitative easing Traditionally, the interest rate that the Fed targets is the federal funds (fed funds) rate. Suppose, though, that the fed funds rate target is zero, but inflation is below the Fed’s 2 percent target and aggregate output is lower than potential. If the effective lower bound were not a binding constraint,

National City restated earnings for the last three years as a result of the Securities and Exchange Commission’s enforcing certain technical aspects of its rule FAS 133. Net income for the first nine months of 2003, previously reported as $1.5 billion, was restated to $1.6 billion, and net income for 2002 was cut by $200 million.

National City Takes $200 Million Charge, Sees Fourth quarter earnings pressure Legg Mason is talking a nearly $200 million charge to bail out a struggling money market fund. And National City ( NCC , Fortune 500 ), hit hard by the mortgage meltdown, has hired Goldman Sachs.

Strong housing market helps reduce lingering foreclosure inventory "Black-white economic inequality remains large and persistent, and recent wealth. But after the financial crisis, the stock market's quick recovery and slow.. and lower housing values can actually "lock in" owners who can't sell their homes. ' The U.S. Foreclosure Crisis Was Not Just a Subprime Event'.CNN produces HUD Secretary Castro ad, er, interview At Least 59 Dead, More Than 500 Hurt in Las Vegas Music Festival Shooting – MAN AT #ROUTE91 concert describes mass shooting. His friend was shot in shoulder. She’s in ER. @KTNV pic.twitter.com/YmfhoRp7GU – David Schuman (@david_schuman) October 2, 2017 One witness said a.

Citi to take $300 million ‘repositioning charge’ in fourth quarter. Citi will also add $300-400 million in loan reserves from the third quarter for energy loans, based on the expectation that oil prices will remain low, he said. depressed oil prices have put several U.S. banks under pressure due to their exposure to loans to oil companies. Citi.

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MONTREAL, December 2, 2015 -For the fourth quarter of 2015, National Bank is reporting net income of $347 million, up 5% from $330 million in the same quarter of 2014. diluted earnings per share stood at $0.95 in the fourth quarter of 2015, up 4% from $0.91 in the same quarter of 2014.

Fourth Quarter Operating Income of $793 Million, Up 9% fourth quarter adjusted diluted eps of $.78, Up 22%; Reported Diluted EPS, Up 23% NEW YORK, February 12, 2014 – CBS Corporation (NYSE: CBS.A and CBS) today reported the Company’s highest-ever fourth quarter and full year results in revenues, operating income before depreciation and

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10.2.12 An article in the Wall Street Journal states that Royal Bank of Canada’s ROE during the fourth quarter of 2009 was 14.5%, having fallen from 16.4% during the fourth quarter of 2008. Despite the decline in ROE, the article states that the total amount the bank had earned in profits was higher than it had been a year earlier.

Fourth Quarter Adjusted OIBDA of $866 Million, Up 6% Fourth Quarter Operating Income of $726 Million, Up 12% Fourth Quarter Adjusted Diluted EPS of $.64, Up 14%; Diluted EPS of $.62, Up 19% NEW YORK, February 14, 2013 – CBS Corporation (NYSE: CBS.A and CBS) today reported results for the fourth quarter and full year ended December 31, 2012.