Bond insurer MBIA Inc. announced its second consecutive quarterly net loss of USD 3.5 billion on derivative write-downs.

Japan's third-largest bank Sumitomo Mitsui Financial Group announced a 19 percent drop in nine-month net profit, hurt by subprime losses and falls in the share prices of consumer loan affiliates, but stuck to its full-year forecast.

Combination of Commerce Bancorp and TD Bank Financial Group Creates North American Powerhouse and Offers Superior Value Creation.