United Community Banks Inc. said Thursday that its forth-quarter earnings range between 8 cents and 10 cents per share, or 12 cents to 14 cents per share – lower that previously forecasted. Analysts predict that the bank will earn 43 cents per share for the quarter.
The company said it cut its outlook on increased provisions for loan losses and real estate expenses.
United Community will set aside $29.5 million to cover rising losses amid struggling housing and construction markets.
The British Prime Minister cuts a sociopathic figure, isolated, stubborn beyond belief, totally wrong and convinced that the world gravitates around her feet
The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13