Major U.S. banks masked risk levels: report

(Reuters) - Major U.S. banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said, citing data from the Federal Reserve Bank of New York.


More on Wikipedia

More on Sciencestage.com

    More on Answers.com

    More on Pubmed

      More on answers.yahoo.com

        News

        • Artificial Life Wins Contract From Major U.S. Bank
          HONG KONG -- Artificial Life, Inc. (OTCPK:ALIF.PK - News), an innovative investment Company, announced today that it has won a contract from the Asia Pacific regional office of one of the biggest banks in the world ...
        • JPMorgan Gets Bargain In Overdraft Settlement Deal
          JPMorgan Chase finally settled with disgruntled customers who took it to court for wrongly charging them excessive overdraft fees, making it the second major U.S. bank after Bank of America to do so. The $110 million settlement for JPMorgan, however, comes much cheaper it did for Bank of America which last year ended up settling for $410 million (see Bank of America Settles Debit-Card Overdraft ...
        • Citi Launches First Account Analysis Tools for Credit Card Users on the iPad
          Citi today launched a new visual tracking and account analysis tools for U.S. credit card customers available through its Citibank for iPad® App, becoming the first major credit card provider to offer these features.
        • When you need to see a banker -- stat!
          Banks have put branches in many new kinds of locations to be where their customers are -- malls, community centers, supermarkets, college campuses and airports.
        • Citigroup’s worldly presence bodes ill
          NEW YORK — Citigroup has a world of problems.
        • Investor, follow your heart
          By getting into the heads of other people, you can figure out what they are most likely to do, market psychologist says
        • In glitch, some Citi iPad app users double-paid their bills, bank reveals
          Citibank said it is settling up with customers who had been using its Citibank for iPad app. The nation’s fourth largest lender has announced it has been aiming to become the world’s largest digital bank.
        • Bad App: Citibank Pays Bills Twice
          There was a story in today's New York Times about a glitch in Citibank's iPad bill pay application that charged some Citibank customers twice when paying off a bill.
        • EU Red-Flags 'Volcker'
          Michel Barnier said that he plans to raise objections with Mr. Geithner about the potential impact of the so-called Volcker rule.
        • Bulk Foreclosure Sales Could Cause Bigger Bank Write-Downs
          By Diana Olick, Real Estate Reporter, CNBC NEW YORK (CNBC) -- As government, federal regulators and big-money private investors try to figure out a plan for bulk sales of foreclosed properties, big banks are already making deals, but they are few and far between. The trouble is, they are looking at even bigger write-downs than forecast if they sell these distressed properties in bulk. ...