Goldman loss from crisis was $13.5bn

first_img GOLDMAN Sachs’s losses from the financial crisis were billions more than many investors previously thought, it has revealed, as it re-filed its 2008 and 2009 results to make it clearer how much it lost in the fallout. The bank incurred a $13.5bn (£8.6bn) loss from its investments and lending in the year to the end of November 2008 – far higher than the $8.5bn it told investors at the time.Sources close to the bank told City A.M. that the higher figure had always been present in statements at the time but was harder to find in previous reports. The billions of losses would have been accessible only to those who “went through the filings and ran the models”, they said. “The losses are more clearly disclosed today than they were before,” the source added. Goldman has not had an “investing and lending” section, which covers transactions using its own money, in its profit and loss accounts until now. The re-file has not changed any of the bank’s results.Goldman incurred a $5.95bn loss on equity and a $6.33bn loss on debt in 2008, helping to push the bank to a $13.5bn loss on “investing and lending.”Observers have praised the new disclosure by the bank, but have called on the SEC to look into Goldman’s previous filings.The re-file is part of a new quest for transparency at the secretive bank. On Tuesday it published a 39-point plan to disclose more of Goldman’s interests in products and transactions to investors and clients.FAST FACTS | GOLDMAN SACHSTold investors and filed regulatory notices admitting $8.5bn losses in 2008.Re-filed accounts show a $13.5bn loss from its own investing and lending in 2008. Critics call for a further Goldman probe. Share Tags: NULL Thursday 13 January 2011 8:48 pm Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Show Comments ▼center_img Goldman loss from crisis was $13.5bn KCS-content whatsapp whatsapplast_img read more

Ferrovial back in profit

first_img Ferrovial back in profit Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoFactableThis Is What Historical Figures May Have Really Looked LikeFactableUndoPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunUndoFamilyThisThe Biggest Wrestlers From Back In The Day & How They Look NowFamilyThisUndoGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementUndoItsTheVibeThe Cutest 1980’s Stars Are Now In Their 60s, This Is Them NowItsTheVibeUndoMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie JewelUndoGameday News40 Abandoned Stadiums That Once Made Sports HistoryGameday NewsUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndo whatsapp KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp Sharecenter_img Spanish infrastructure firm Ferrovial has swung to a net profit in 2010 after a drive to trim debt produced substantial one-time gains from asset sales. Ferrovial, which owns UK airports operator BAA, posted net profit of €2.16bn in 2010, compared with analysts’ forecast for €2.67bn. Earnings before interest, taxes, depreciation and amortisation fell three per cent to €2.51bn in 2010, but beat forecasts thanks to a return to growth at its core construction division. Show Comments ▼ Wednesday 23 February 2011 8:40 pm Tags: NULLlast_img read more

Travis profit lift fuelled by DIY recovery

first_img Travis profit lift fuelled by DIY recovery whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndo BUILDERS’ merchant and do-it-yourself retailer Travis Perkins said yesterday it was currently trading well because essential repair and maintenance work suspended in the recession was now being done.The firm posted a better than expected 20.4 per cent rise in 2010 underlying profit to £216.7m. It said it had gained market share from rivals and said it had made a strong start to 2011, although it does expect conditions for the next 12 months to remain difficult.The group, which has more than 600 branches, said it expected the merchanting sector to continue its gradual recovery this year.Chief executive Geoff Cooper said: “There is considerable gloom in the wider economy, but we do not subscribe to the double dip theory.“We are seeing a lot of repair and maintenance work being done that was delayed and that is helping to offset some of the more difficult times that we are seeing in other bits of construction.“In public sector (work) in 2011 and 2012 and indeed in 2013 we are going to see further contraction and I think it’s the private sector that’s gradually going to come back and offset that contraction.”He forecast “very low single digit” growth in the overall UK merchanting market in 2011 along with a “mid single digit” contraction in the overall DIY market as worries over job cuts and rising inflation impact. He expects Travis Perkins to outperform both markets.Travis said all 11 businesses in its portfolio outgrew their rivals and increased profits in 2010.It said its acquisition of BSS for £558m had been a success. The move last year was its biggest acquisition since it bought Wickes for £950m in 2005. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Wednesday 23 February 2011 8:38 pmcenter_img KCS-content Show Comments ▼ Tags: NULL Share whatsapplast_img read more

TARGET PROFITS LIFTED BY HOLIDAY SALES

first_img Tags: NULL whatsapp Share US RETAILER Target has posted a 10.5 per cent increase in quarterly profit, helped by strong sales early in the holiday season and fewer write-offs of bad credit card debt. Sales rose 2.8 per cent to $20.28bn (£12.6bn), while sales at its established stores rose 2.4 per cent, outperforming its larger rival Wal-Mart Stores. The US discount chain earned net income of $1.04bn, or $1.45 per share, in the fourth-quarter ended 30 January. Show Comments ▼ whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com KCS-content Thursday 24 February 2011 8:18 pm TARGET PROFITS LIFTED BY HOLIDAY SALES last_img read more

CVC invests $269m in First Media

first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org CVC invests $269m in First Media KCS-content Show Comments ▼ Tuesday 22 March 2011 8:19 pm Tags: NULLcenter_img Private equity firm CVC will invest $269m (£164m) in the cable TV and internet business of Indonesia’s First Media. First Media, controlled by the Lippo Group, said CVC will get a 49 per cent stake in Link Net, a unit that provides high-speed internet, cable pay TV and data communication services. The deal marks the second investment by CVC in the Lippo Group, one of Indonesia’s biggest conglomerates, and in the country as a whole, after its $790m purchase of a department store chain last year. Bankers expect more M&A deals in the consumer and retail sector. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp whatsapp Sharelast_img read more

Kaupthing search widens

first_img Kaupthing search widens POLICE working on the investigation into Iceland’s failed Kaupthing Bank raided five addresses yesterday, including the bank owned by the family of former Tory Party treasurer David Rowland.In a joint operation between the UK’s Serious Fraud Office (SFO), the Icelandic Special Prosecutor’s Office and Luxembourg police, more than 70 investigators searched three businesses and two residential addresses in Luxembourg.The raids follow others earlier this month in Iceland and in London, where billionaire property entrepreneurs Robert and Vincent Tchenguiz were arrested and questioned. They were later released without charge and deny any wrongdoing.The Rowland family bought the defunct Luxembourg branch of Kaupthing in 2009. Yesterday the bank stated it was “fully co-operating with the authorities”. It added: “The reason for the visit is not related to the activity of Banque Havilland and concerns the former Kaupthing Bank and ongoing investigations.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Geniusmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsapp Tuesday 29 March 2011 9:19 pm KCS-content center_img whatsapp Share Show Comments ▼ Tags: NULL Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

Waitrose takes the challenge to Ocado with warehouse opening

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp Wednesday 20 April 2011 8:16 pm KCS-content WAITROSE is setting itself up to directly compete with Ocado, by opening a massive “virtual shop” in west London to step up the delivery of orders from its website in the capital.Waitrose will use the the warehouse in Acton to store goods ready for dispatch. The supermarket has a clause in its contract with Ocado that enables it to deliver from any of its shops inside the M25 from July.This was a key part of a new 10-year supply agreement signed by the two companies last May which allows Ocado to continue delivering Waitrose groceries.Mark Price, the managing director of Waitrose, said: “This is a significant step in the development of our multi-channel offer, and will play an important role in the continued growth of our e-commerce sales.” Tags: NULLcenter_img whatsapp Share Show Comments ▼ Waitrose takes the challenge to Ocado with warehouse opening last_img read more

Nokia warns over phone profit margins

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap John Dunne whatsapp Share Show Comments ▼ Nokia warns over phone profit margins Tags: NULL Thursday 21 April 2011 6:56 am Nokia warned operating profit margins at its key phone unit would slip in coming quarters after reporting better than expected January – March earnings.January-March underlying earnings per share fell to €0.13 from €0.14 euro a year earlier, but beat analysts’ average forecast for €0.10 euro.Nokia’s market share fell to 29 per cent from 33 per cent a year earlier as nimbler Asian rivals ate into its dominant position in cheaper phones and it continued to lose out in more expensive smartphones to Apple and others.To turn around its smartphone fortunes, Nokia’s new chief executive Stephen Elop in February unveiled a deal to start using Microsoft software instead of its own Symbian platform.Nokia said the two firms had signed a definite deal. whatsapplast_img read more

Government urged to show ‘more ambition’ over lottery thresholds

first_img Email Address Regions: UK & Ireland Subscribe to the iGaming newsletter People’s Postcode Lottery MD welcomes government consultation into society lottery sector, but calls for rethink on limits Government urged to show ‘more ambition’ over lottery thresholds 2nd July 2018 | By contenteditorcenter_img Topics: Legal & compliance Lottery AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter People’s Postcode Lottery managing director Clara Govier has welcomed the news that the UK government is set to increase the annual turnover limit for so-called “society lotteries” from £10 (€11.3m/$13.1m) to £100m but has called for “more ambition” with draw thresholds.Under the proposals, the government has recommended a modest increase of £100,000 to £500,000 for a maximum draw prize and an increase of £1m to £5m that can be raised by each lottery per draw.Society lotteries are run by charities and other non-commercial organisations such as sports clubs to allow them to raise money for the good causes they support. Sales limits for large society lotteries were last increased in 2009.In a statement released to iGamingBusiness.com, People’s Postcode Lottery managing director Clara Govier highlighted the importance of “future-proofing” the new draw limit given the length of time it has taken since the last review.She said: “We urge ministers to be more ambitious in regards to the draw limit and we will make that point in the consultation period. “The draw limit also impacts on society lotteries and it seems odd that whilst it was doubled from £2m to £4m in the four years from 2005 to 2009, it is only proposed to increase by £1m over the nine-year period between 2005 and 2018. That is despite society lottery proceeds having more than tripled in that period. “Unless the draw limit is future proofed by being raised further than ministers propose, People’s Postcode Lottery expect that additional administration costs will occur over the coming years – stopping charities getting vital funding.”Tracey Crouch (pictured), Minister for Sport and Civil Society, said that society lotteries “make a vital difference to communities up and down the country”.She added: “They are an important fundraising tool for charities and we want to ensure that both society lotteries and the National Lottery are able to thrive now and in the future.”In the 2016-17 tax year, society lotteries raised over £255m for good causes. People’s Postcode Lottery has raised more than £310m for UK charities since 2005, while The Health Lottery has raised over £58m since its launch in 2011. Legal & compliancelast_img read more

Clockwork Mice by Realistic Games

first_img Blast off with Realistic Games’ latest title, the futuristic Clockwork Mice.The five-reel, 20-line slot is set in a space age inspired world where players must beat the clock to hunt big wins.Built using the latest in HTML5 technology, the game runs like clockwork meaning players on all devices are fully immersed in a futuristic world. Clockwork Mice also features an exciting free spins bonus round where all wins are multiplied by up 12x at random. 25th July 2018 | By Aaron Noy Blast off with Realistic Games’ latest title, the futuristic Clockwork Mice. The five-reel, 20-line slot is set in a space age inspired world where players must beat the clock to hunt big wins. Built using the latest in HTML5 technology, the game runs like clockwork meaning players on all devices are fully immersed in a futuristic world. Clockwork Mice also features an exciting free spins bonus round where all wins are multiplied by up 12x at random. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Clockwork Mice by Realistic Games Topics: Casino & games Slots Subscribe to the iGaming newsletter Email Addresslast_img read more

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