Banking Strategies: Interest Rates, Bonds, Crisis, and CEO Compensation.
TL;DR Summary
Some of the largest banks in the US avoided reporting billions of dollars in losses on their books by declaring their intention to hold on to money-losing bonds until maturity, rather than selling them, and changing the bonds' accounting labels accordingly, as interest-rate hikes sent bond prices plunging last year.
- As Interest Rates Rose, Banks Did a Balance-Sheet Switcheroo The Wall Street Journal
- Why Is Everybody Talking About Banks' Long-Term Bonds? Nasdaq
- How regional lender M&T Bank sidestepped the banking crisis Crain's New York Business
- The compensation of M&T Bank CEO, René F. Jones, rose by 25% from last year - Boston Business Journal Boston Business Journal
- View Full Coverage on Google News
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