Credit and liquidity risk hammer earnings


Firms began to file their third-quarter financial results in September, shedding some light on the true extent of losses arising from the commotion in global credit markets. Collectively, Bear Stearns, Goldman Sachs, Lehman Brothers and Morgan Stanley, wrote down some $5 billion in assets during the quarter, according to Standard & Poor's (S&P).

The scale of these US losses fed intense debate among analysts about which of those firms still to report - especially Merrill Lynch, Deutsche Bank a

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: