Volatile financial markets have caused many financial institutions to call for relaxation of fair value accounting
Further pockets of negative rating actions are possible
Proposals include higher capital requirements for structured credit products
Role of bank CFO evolving towards leadership
Ratings for U.S. and Swiss banking systems hit by subprime crisis
Other banks see their reputations tarnished: report
But, on a positive note, domestic retail banking continues to be a pillar of strength
Share offering solidifies bank’s capital base
There’s more pain to come for financial firms, as signaled by the bailout of Bear Stearns Companies Inc., says Sherry Cooper, chief economist at BMO Capital Markets.“The announcement this morning of the Bear Stearns bailout by the Federal Reserve through J.P. Morgan Chase has sent reverberations throughout all markets worldwide, not only because this is […]
Firms failed to control risks of concentrated exposure to securitizations of U.S. subprime mortgage-related credit