Is it time to start worrying about banks accounting

Tom McKay

Is it time to start worrying about banks accounting? Thomas Curry, a Washington Financial Regulator has warned that some banks seemed to have been scrimping on their allowances against their loan losses, which is a neat way of saying they may be fudging their numbers. Banks who want to show lower losses can put on blinders, at least for a while, as many did during the financial crisis. Likewise, it may be tempting for some banks to overestimate losses and create excess reserves that they can dip into later like a cookie jar when they want to show higher earnings and capital. (VIEW LINK)

Tom McKay

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...


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