Analysts see little impact on US banks from mark-to-market rule |
Reuters - Apr 3, 2009 |
Analysts see accounting rulemakers' move to allow more flexibility in valuing toxic assets as a small positive for U.S. banks, even as markets around the world greeted the news with much optimism.
"The market's reaction to the Financial Accounting Standards Board (FASB) mark-to-market vote is completely overblown, and the benefits from these changes will have very little impact on financial institutions' accounting practices," analyst Paul Miller at Friedman, Billings, Ramsey wrote in a note to clients.
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- Posted: 2009-04-03 07:28:44
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