mark-to-market
| 5:00PM 8/14/2009
Jonathan Weil at Bloomberg has quite a contention: on a mark-to-market basis, a number of banks -- such as Regions Financial (RF), SunTrust Banks (STI), and KeyCorp (KEY) -- would have negative regulatory equity. Meanwhile, others -- including giants like Bank of America (BAC) and Wells Fargo (WFC)...
| 5:30PM 4/03/2009
As the first quarter ended this week, earnings season is about to unofficially kick off Tuesday April 7, when Alcoa Inc. (AA) -- the first of the Dow Jones Industrial stocks -- reports earnings. This earnings season comes with no small amount of jitters as the recession has deepened throughout the...
| 2:45PM 4/03/2009
Banks hoping to take advantage of the Financial Accounting Standards Board's change to the mark-to-market rule had better tread very carefully. Home loan modifications are not working, according to a report by the Office of Thrift Supervision in today's Washington Post. At least 57 percent of...
| 2:45PM 4/02/2009
Investors tempted to sing "ding dong, mark-to-market accounting is dead" should probably hold their tongues. Some prominent experts argue that today's changes to the controversial valuation rule are no cause for celebration.
The Financial Accounting Standards Board (FASB) folded like the Cowardly...
| 2:15PM 4/02/2009
By caving into pressure from Wall Street, the Financial Accounting Standards Board (FASB) just single-handedly added at least 20 percent to the value of major banks burdened with formerly toxic waste. What just happened is that FASB passed an accounting ruling that allows the banks to decide the...