Word: bankses
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The biggest bad surprise for investors in bank stocks, though, could come from pools of so-called shadow assets that have been following around these banks for years. In the earlier part of this decade, banks set up a number of financing arrangements called special investment vehicles or variable interest...
A recent change in accounting rules means that banks are going to have to bring those loans back on their books by the end of this year. The biggest fear is that banks will start recording losses from these loans that investors weren't expecting. There's a second problem...
"The change in the way banks have to account for these special purpose entities will mean great danger for their capital ratios," says corporate accounting expert Robert Willens.
Stock prices can rise sharply on the prospect on improving profits. For many banks, the more likely prospect in the months ahead is for continuing problems.
Harvard is considering reducing capital spending and projected new debt issuance by as much as 50 percent due to recent endowment losses, according to a credit rating report issued by Moody’s Investors Service on Wednesday.The University has already slowed construction of its Allston expansion, which combined with...