Powell says alert to issue of CECL accounting rule change on banks

An accounting rule change and an economic slowdown are combining to magnify losses on loans and financial assets......»»

As new accounting sta.....»»

Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors......»»

To Help Banks, Fed Delays Implementation Of "Biggest Bank Accounting Change In Decades" At the end of January, the American Banker webs.....»»

U.S. banking regulators announced Friday that banks would have the option of ignoring the capital implications of a new global accounting standard for two years in a bid to ensure banks continue lending through the pandemic......»»

"Very Technical Issue" – ECB Won't Rule Out Purchases Of ETFs  Central banks across the world are deploying every trick in the book to save the broken and bankrupt global economy that was derailed by bat soup. .....»»

While the overall U.S. response to climate change is up to elected officials, Federal Reserve Chair Jerome Powell said on Wednesday, the Fed can play a part in keeping global warming from destabilizing U.S. banks and financial markets......»»

It could be argued that CECL (Current Expected Credit Loss) regulation is perhaps the biggest change in accounting standards this century. CECL is a new credit loss standard introduced by the US-based Financial Accounting Standards .....»»

A big change in lease accounting due in January of 2019 will affect every public and private company in the U.S., just like the tax revamp and the new rules for recording revenue that took effect for most public companies in January......»»

WASHINGTON (Reuters) - The U.S. Federal Reserve on Friday proposed revising bank regulatory capital rules to ease the impact of new international accounting standards for credit losses......»»

Berkshire Hathaway Inc on Saturday ended its more than year-long stretch of falling operating profit, while a new accounting rule caused the conglomerate chaired by Warren Buffett to suffer an overall net loss......»»

Warren Buffett’s Berkshire Hathaway swung to a rare loss in the first quarter, hurt by lower insurance premiums and the impact of an accounting rule change on unrealized investment losses......»»

Warren Buffett’s Berkshire Hathaway Inc. swung to a rare loss in the first quarter, hurt by lower insurance premiums and the impact of an accounting rule change on unrealized investment losses......»»

Warren Buffett's Berkshire Hathaway reported a quarterly loss of $1.1 billion. The bulk of the decline was due to a new accounting rule related to its stock portfolio.  .....»»

A new accounting rule helped electric car maker Tesla Inc. to post a first-quarter revenue beat, but the company also used the change to book a stealth adjustment to its running total of accumulated losses......»»

Some big banks are having second thoughts about the Federal Reserve's plans to change the Volcker Rule......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Don"t Let This Accounting Rule Change Catch You Off Guard.....»»

Even when companies like Apple and GE telegraph the change brought by a new accounting rule and provide detail, investors and analysts are still not paying close attention......»»

No amount of due diligence is excessive.....»»