New York Community Bancorp disclosed the exit of CEO Thomas Cangemi, weaknesses in its internal controls and a tenfold increase in its fourth-quarter loss to $2.7 billion.
European airline major Air France-KLM reported a fourth-quarter loss of €256 million ($278 million) on Thursday, compared to the prior year's profit of €496 million. The company, which includes low-cost brand Transavia, said the latest results were impacted by the geopolitical situation in the Middle East and an increase of the unit cost, although that was partly compensated by a lower jet fuel price. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 24% to €601 millio
HSBC Swings to Fourth Quarter Loss; Announces Share Buyback HSBC said it would buy back up to $2 billion in shares, coming after impairments pushed its bottom line to a loss in the latest.
MARKET WRAPS Watch For: EU FCCI flash consumer confidence indicator; UK public sector finances; trading updates from Fresenius, Glencore, JDE Peet s, Rio Tinto, BAE Systems, Wolters Kluwer.