TITLE

Reserve Releases Increasingly 'Ridiculous'

AUTHOR(S)
Rehm, Barbara A.
PUB. DATE
August 2010
SOURCE
American Banker;8/19/2010, Vol. 175 Issue 128, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author opines regarding 2nd-quarter earning reports of large U.S. banks and their release of loan-loss reserves to enhance reported earnings. The author notes that bank executives believed that it was appropriate to reduce reserves in consideration of improving credit quality. The author questions government policy that allows this practice in advance of substantiating positive movement in credit quality.
ACCESSION #
52997543

 

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