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B of A CFO Favors Fair Accounting

Joe Price, Bank of America Corp's cfo, defended "fair value accounting" methods before a Federal Reserve Bank of Chicago conference, stating that it produces “more transparent" risk.

FEATURED ARTICLES - from our publications

Broadridge To Launch New Technology
Source: Wall Street Letter
Broadridge Financial Solutions will auto...

William Blair Grows Int’l Team
Source: Fund Action
William Blair & Company is adding staff ...

BNY Mellon Names Distribution Head
Source: Global Money Management
BNY Mellon Asset Management has hired Pa...

Morgan Hires Three To Boost MENA PE
Source: Alternative Investment News
Morgan Stanley has hired three bankers a...

Jefferies Makes Cuts In Research
Source: Wall Street Letter
Jefferies & Co. has laid off a handful o...

SEC Says Get Ready For XBRL
Source: Compliance Reporter
Brian Cartwright, general counsel at the...

Lehman Appoints Sovereign Wealth Head
Source: Alternative Investment News
Lehman Brothers promoted Makram Azar to ...

JPMorgan Expands Management System
Source: Trade Finance
JPMorgan will invest $30 million in tech...

U.S. Lawyers Blast Foreign Reg Plans
Source: Compliance Reporter
The Securities and Exchange Commission i...

Debt Buy Backs Force Bank Change
Source: IFLR
The trend of private equity houses buyin...

Latest News

from Our Publications & Around the Web

Barclays Mulls Options Amid Write-Down
Barclays has disclosed a £1 billion write-down, as a result of the credit crisis.
Chinese Banks Can Manage RE Losses
Moody's Investors Service says the outlook for Chinese banks is stable relative to their exposure to the property development sect...
Harmonization May Save $190M A Year
Two senior finance officials in Canada say that businesses will save C$190 million a year from the harmonization of the corporate ...
HK's Wing Lung To Pick Buyer Next Week
Wing Lung Bank,, the family-controlled Hong Kong lender whose stock has gained 52% this year, will likely choose the buyer for a m...
KBC To Establish China Operations
Belgian financial services provider KBC Groep NV will set up a locally incorporated banking unit in China. The move is designed to...

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SEC Decision Could Affect More MFs

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SEC Decision Could Affect More MFs

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