Biggest banks challenge proposed loan reserve increase

05/21/2013 | Reuters

A proposed accounting change intended to increase the amount of money banks must set aside as reserves to cover losses on risky loans has been questioned by more than a dozen major U.S. banks. The consequences of the U.S. rule would be quite different from those of a similar rule being drafted by the London-based International Accounting Standards Board, they said.

View Full Article in:

Reuters

Published in Brief: