![](https://om432c.p3cdn1.secureserver.net/wp-content/uploads/2023/05/marketsmediaonline.jpg?time=1717719054)
Apr, 12 2009
Last year, as banks saw many of the assets on their books spiral down in value, many people in the industry, and in Congress, began to wonder if marking…more
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Apr, 02 2009
Increased opacity for bank balance sheets? The FASB last week voted, as expected, to allow financial institutions to use “significant” judgement in valuing their assets under FAS 157. While the…more
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Apr, 02 2009
Proposed revisions to the 'fair value' accounting standard, FAS 157, would weaken the standard and create inconsistencies in valuations, according to Espen Robak, president of Pluris Valuation Advisors. In…more
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Apr, 01 2009
Under the new ‘mark-to-market’ rule, banks can consider the value of assets as if they are being sold in an orderly fashion, not in a distress sale. For months,…more
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Apr, 01 2009
Mutual fund industry players said the mark-to-market initiative passed today by the Financial Accounting Standards Board, could have detrimental effects on the mutual fund industry in the form of…more
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Apr, 01 2009
Fair-value rules soften, and investors cheer. A needed change now, but let's not forget the Enron era. Mark-to-market rules on valuing assets have been softened. Expect banks, hard-pressed to right…more
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Mar, 31 2009
Proposed revisions by the Financial Accounting Standards Board to the fair value accounting standard would ”gut” the current intent of the rule and allow banks and other financial firms…more
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Mar, 30 2009
FASB set to vote April 2 to help banks improve illiquid asset valuations WASHINGTON (MarketWatch) -- As bankers prepare to release their first-quarter results, they are looking to accounting…more
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Mar, 24 2009
Fixed-income firms and pension plans could be big buyers of bad bank assets under the latest Treasury program. And the worst stuff could be the first to go. NEW…more
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Feb, 28 2009
"PEIGG is not a standard setting body and the FASB does tell us what fair value is and those are the rules we follow. Guidelines are fine, and it's…more
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Feb, 16 2009
A knighted Texas billionaire tricked clients into pouring money into three of his companies with false promises of outsized returns, according to fraud charges filed Tuesday by the Securities and…more
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Jan, 19 2009
A nightmare for most other institutional portfolio managers has been a boon for BNY Mellon Beta Management. Mark Keleher, the Bank of New York Mellon Corp. unit's chief executive,…more
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Jan, 08 2009
Companies Struggle to Come to Terms With Writing Down Troubled Holdings "What's the price of a house?" asks Howard Marks, chairman of Oaktree Capital Management LP. The simple question, he…more
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Jan, 01 2009
Emerging-Markets Funds Tumble; 'Short' Managers Pull Off a 32% Gain Hedge funds are supposed to thrive in rough markets. Not in 2008. An historic decline in stocks, and troubles…more
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Dec, 22 2008
Hedge funds are bracing for the effects the current financial crisis will have on investor demands for further transparency. The brutal “one-two punch” in 4Q-08 of nearly 100 hedge…more
![](https://om432c.p3cdn1.secureserver.net/wp-content/uploads/2023/05/bloomberg-3.jpg?time=1717719054)
Sep, 07 2008
The U.S. Securities and Exchange Commission missed a chance to protect investors from the collapse of the $330 billion auction-rate market by failing to police how banks sold the…more
![](https://om432c.p3cdn1.secureserver.net/wp-content/uploads/2023/05/American_Banker-1-1.jpg?time=1717719054)
Sep, 01 2008
Popular Inc.'s deal to sell about $1.17 billion of subprime mortgage assets and servicing rights to Goldman Sachs Group Inc. would essentially complete the disposal of its U.S. consumer…more
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Aug, 31 2008
Historical cost accounting is fading as Corporate America marches into a new era. What is a company really worth? That is the central question that accounting attempts to answer,…more
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Aug, 27 2008
NEW YORK (Reuters) - Recent U.S. accounting regulations have pushed for consistency in corporate reporting but some accounting firms are more aggressively interpreting the rules than others, likely leading to…more
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Aug, 20 2008
New York Attorney General Andrew Cuomo's auction-rate securities settlements with Wall Street banks show that the man who bills himself as the "people's lawyer'' favors savers over shareholders. The almost…more