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changes in mark-to-market won't help banks?

Started by akallabeth
about 17 years ago
Posts: 47
Member since: Mar 2009
Discussion about
http://norris.blogs.nytimes.com/2009/04/16/do-it-yourself-stress-test/ Two big banks are in with statements of what the changes in mark-to-market accounting rules will mean for them. Nothing. Citigroup said that soon after the rules were adopted. JPMorgan, in its conference call today, said that it had adopted the new interpretations and that they had had no effect on the company’s earnings or balance sheet. “It was adopted and it had no impact,” said a Morgan official. “The whole thing was a big hullabaloo about nothing, in my opinion.”
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