By Quentin Fottrell Of DOW JONES NEWSWIRES DUBLIN (Dow Jones)–Irish Life & Permanent PLC (IPM.DB) Wednesday swung to an interim net loss on an embedded value basis, hit by the slowing economy and loan losses that it sees rising through 2011, but confirmed that it won’t sell assets to the government sponsored National Asset Management Agency. The mortgage lender and insurer said it posted a first-half net loss of EUR191 million from a profit of EUR35 million a year earlier on an embedded
Posts Tagged ‘loan-losses’
Bank Accounting Fudges Loan Losses
Investors often assume dangerous, unnecessary risks by owning stocks on the basis of sloppy economic and financial analysis. For each stock you own, you should frequently reassess the reasons for owning it. Also, you need to remain on the lookout for signals that the future operating environment for a particular stock has changed.