Throughout the overnight session, the EUR has managed to recover most of its initial losses.
The ECB would provide leverage, but any initial losses would be borne by the EFSF.
After posting initial losses from the PlayStation 3, Sony's games unit has reported a profit in the last two years.
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Cotton explained his improvement from the beginning of the season by noting "the sense of urgency" that came after the Friars' initial losses.
Most insurance policies come with a deductible: The policyholder agrees to cover some of the initial losses himself, in return for much lower insurance premiums.
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The initial retreating DAX losses were fueled by the rumor that the German financial watchdog (BaFin) had asked two high-profile German financial institutions to separate their retail and investment banking operations.
Essentially, private insurers cover the initial cost of terror-related losses.
Accept that losses will be higher than initial estimates, as bad loans come in waves with corporate real estate first, then unsecured credit, then small business loans, and finally residential mortgages.
Ulf Riese, the bank's chief financial officer, says 30% of credit losses can be traced to the initial decision to extend credit but 70% come from changes in borrowers' circumstances and the way banks respond to them.
More pressing is what Citron is going to do about his losses and flagging stock price, down 62% since its initial public offering last spring.
The initial reaction to the news saw stocks of property developers recover from earlier losses and jump 1 to 2% before settling down in the afternoon with modest gains for the day.
During its initial difficulties, he says, executives booked ever-riskier loans to make back losses.
But the deal doesn't include any losses for smaller depositors or depositors in other Cypriot banks, a proposal that derailed an initial attempt to reach a pact last week.
My initial gains and timely profit taking to buy a house impacted my future investment behavior and led to future losses.
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