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Tag Archives: Mark to Market
The Essential Need for Transparency
We recently learned that the U.K. financial institution, RBS, lost $41 billion. We also learned that Citigroup lost $8 billion. How are we to interpret these numbers? Would you be surprised if it was the reverse, with Citi losing $41b … Continue reading
Posted in Finance
Tagged Add new tag, Bank of America, Campbell Harvey, Citigroup, Financial Crisis, Mark to Market, RBS, Transparency
3 Comments
Bank Earnings Are Impossible to Interpret
It is earnings season and many banks will be reporting their earnings. What are we to make of these earnings? In usual circumstances, it is hard to decode earnings. Today, it is next to impossible. By the way, why did … Continue reading
Posted in Finance
Tagged Bank Earnings, Cam Harvey, Campbell Harvey, Fair Value Accounting, FASB 115, FASB 157, Financial Crisis '08, Mark to Market
1 Comment