UK banks use accounting tricks and derivatives to boost their net interest margins, and HSBC is under pressure to follow suit.
Continue reading..UK banks use accounting tricks and derivatives to boost their net interest margins, and HSBC is under pressure to follow suit.
Continue reading..Experts say HSBC’s BoCom stake is overvalued by $12 bn. Risky Finance trawled through ten years of data to understand the giant’s accounting controversy.
Continue reading..Six months ago we warned about held-to-maturity bond losses at US banks, but now the giants that hedged the risk are hoovering up depositors while unhedged regional banks are in crisis
Continue reading..The biggest US banks amassed $2.2 trillion of government and mortgage bond investments, but now the portfolios are underwater and banks must hold them to avoid recording losses. This will have a lasting effect on deposits and the impact of Fed policy.
Continue reading..Should accounting be independent of bank supervision? The arrival of IFRS 9 provisioning at the height of the Covid-19 crisis has exposed a three way tussle between auditors, regulators and bank management.
Continue reading..Why did the bank unilaterally waive LOBO provisions in loans last year, losing as much as £1 billion in the process?
Continue reading.."The final banking crisis, which terminated in the banking holiday early in March 1933" - So begins a dark passage in Milton Friedman and Anna Schwartz's Monetary History of the United States, which last Friday arose from ancient slumbers in the eastern Mediterranean. The turmoil sparked by the proposed tax on Cyprus bank depositors makes…
Continue reading..23rd November 2010 Policymakers trying to find a fair resolution to the current European debt crisis might benefit from the insights of a taxpayer beamed back in time from 2050. That may be impossible, but economists are attempting the next best thing by discounting pension promises and tax revenues and comparing them with today's more…
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The bank may look profitable to shareholders, but ...
Bond investors have started to notice France's pol...