Zurich Financial Taking 4Q Charge
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Swiss insurance giant Zurich Financial Services AG said Monday it will charge &#36;185 million against fourth-quarter earnings because of claims related to the Indian Ocean tsunami and a reassessment of damage from a series of hurricanes.
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Tyco International Ltd. (TYC.N: Quote, Profile, Research) said on Tuesday it repurchased $350 million of convertible bonds, which will result in a fourth quarter charge of $167 million
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ZURICH  - Shares in the Swiss banking group Credit Suisse fell on the eve of an investors meeting which will reportedly unveil drastic changes at its US investment banking arm, Credit Suisse First Boston (CSFB).
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Converium Holding Ltd, Zug, has been notified pursuant to Art. 20 of the Swiss Stock Exchange Act that Odey Asset Management LLP, 12 Upper Grosvenor Street, London W1K 2ND, United Kingdom, has acquired ...
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Swedish security services firm Securitas AB  posted a fourth-quarter pretax loss on Friday after a large one-off charge.
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GENEVA -- UBS AG said Wednesday it expects a record fourth-quarter loss of around $11.45 billion, largely from bad investments in U.S. subprime mortgages.
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The credit card and travel services company said Monday that net income was hurt by a charge to bolster reserves for bad loans.
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Lehman Brothers reports fourth-quarter and fiscal-year earnings.
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Credit Suisse  trimmed its  full-year write-downs linked to the subprime crisis to 2.0  billion Swiss francs ($1.82 billion) on Tuesday in contrast to  rivals hits by rising charges and raked in billions in new  investments from wealthy clients.
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ZURICH Credit Suisse Group, Switzerland&#39;s second-biggest bank by assets after UBS, said on Tuesday that it would integrate its investment bank Credit Suisse First Boston with its private bank and that it would sell shares in its insurance arm, Winterthur.
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The German government is seeking more than 4.5bn euros compensation from the consortium behind a late-running toll system.
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Dutch financial services group ING   took a lower than expected impairment charge of 194  million euros ($286 million) on its riskier investments in its  fourth-quarter results on Wednesday, while a stake sale helped  offset the loss.
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Credit card company American Express   said on Thursday that a slowdown in cardholder spending  and rising delinquencies would lead to a pre-tax charge of  around $440 million for the fourth quarter.
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Defense contractor Lockheed Martin Corp. on Monday said it will record a fourth-quarter charge of $110 million, or 25 cents per share, related to a district court ruling concerning a dispute with the department of energy and the state of Idaho.
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Switzerland on Wednesday returned to Taiwan 34 million dollars out of a total 520 million dollars (391 million euros) frozen in Swiss banks following a giant corruption scandal involving the sale of French frigates to Taipei.
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Credit Suisse Group aims to launch a  share buyback worth up to 6 billion Swiss francs ($5 billion)  after fourth-quarter net profit rose a better-than-expected 22  percent, the bank said on Thursday.
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Swiss bank UBS confirms a $4bn loss for 2007, after it was hit by exposure to US sub-prime home loans.