The Financial Page in next week's New Yorker is devoted to Timothy Geithner: For better or worse, we now live in a world in which the Treasury Secretary controls hundreds of billions of dollars in spending and shapes the fate of some of the nation’s biggest...
CFO.com points out that Paul Volcker has strong views on accounting topics that might soon become prominent fixtures of administration economic policy. For example, here are topics/issues that he will undoubtedly have influence over (quoting CFO.com): [His...
In honor of Thanksgiving the WSJ MarketBeat blog updated its bailout scorecard. The matrix summarizes who was bailed out, describes the program, why, who was helped, who paid, and - most importantly - is it working? Check it out...
Confused by the various Fed lending programs for banks? Here's a handy quick reference guide from the Fed Reserve of NY. Download...
A new study from Deloitte reveals that there is a high correlation between bankruptcy and fraud. With economic conditions likely to drive more companies to consider filing for bankruptcy protection, one potential concern is whether the greater scrutiny that...
Reports indicate that this afternoon Citi is close to an agreement with the government whereby losses due to risky assets on the bank's balance sheet would be limited. A new "bad bank" entity would be created to house approx. $50 billion in risky...
In addition to the big bank recipients of TARP funds, seventy regional banks have applied. Graphic courtesy of American...
The US and International Accounting standards boards are convening an advisory group to address issues stemming from the credit crisis - starting with fair-value rules.[via CFO.com - emphasis mine]While central bankers and G7 leaders work to form panels to respond...
In today's New York Times Joe Nocera explores how the credit crisis that unfolded from the morning of Sept. 17 to the afternoon of Sept. 18 spooked policy makers into action. Plus, the graphics team at the Times have done their usual outstanding job...
On Friday, NACHA announced a six month extension of the deadline for International ACH Transactions (IAT) from March 2009 to September 2009. Many smaller banks were caught by surprise by the changes necessary to support IAT. Although software vendors are prepared...
