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View Full Version : Banks Lose $836 Million in First Derivatives Loss - Bloomberg



NewsWhore
03-27-2009, 02:00 PM
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Banks Lose $836 Million in First Derivatives Loss (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601103%26sid%3DavUzcSko_qMY%26refer%3Dnews&cid=1321474131&ei=WRXNSYKgFpey6QPS1oTMCw&usg=AFQjCNEYM3YQuEZYtRSqWl6Zt6UqQ3-CUA)
Bloomberg
US commercial banks lost $836 million in 2008 from trading over-the-counter cash and derivatives contracts, compared with a $5.5 billion gain in 2007, the Office for the Comptroller of the Currency said today in a report. Among the five largest banks ...


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