FASB proposes fair-value overhaul that might improve bank profits

03/31/2009 | Bloomberg

The Financial Accounting Standards Board proposed a revamp of mark-to-market accounting rules that could boost banks' profits by more than 20%. The move comes four days after lawmakers threatened to take rule-making duties away from the board and its chairman, Robert Herz. A final vote on the proposals is set for Thursday.

View Full Article in:

Bloomberg

Published in Brief: