Latest news with #loanloss
Wall Street Journal
22-05-2025
- Business
- Wall Street Journal
TD Bank Quarterly Earnings Buoyed by Sale of Schwab Stake
Toronto-Dominion Bank's earnings soared in the recent quarter thanks to the exit from its investment in Charles Schwab SCHW -1.79%decrease; red down pointing triangle, though loan-loss provisions were on the rise and the bank cautioned the economic outlook had weakened in the wake of President Trump's tariffs. Net income jumped to 11.13 billion Canadian dollars ($8.03 billion), or C$6.27 a share, for the fiscal second quarter from C$2.56 billion, or C$1.35, a year earlier.
Bloomberg
20-05-2025
- Business
- Bloomberg
Julius Baer Faces $156 Million Loan Loss Charge
Julius Baer Group Ltd. is facing another large loss from property developments it helped finance, just as the Swiss wealth manager is emerging from a crisis triggered by its exposure to Rene Benko's Signa real estate empire. As part of a review of its credit portfolio, Baer is discussing writing down a loan related to a real estate project in the German city of Hanover that is on the cusp of default and is also facing a loss from another development, according to people familiar with the matter. Full impairments of those projects are expected to contribute to a loan loss charge of about 130 million Swiss francs ($156 million), said the people, asking not to be identified because the information is private.
