You don’t often see Washington regulators publicly raising alarms about banks’ accounting practices. That’s why a speech this week by the comptroller of the currency, Thomas Curry, deserves more attention.
Accounting changes that would require companies to report more of their leases as assets and liabilities may encourage businesses to structure shorter-term rental agreements that could hamper the ability of lessors to predict cash flows, according to Fitch Ratings.
The U.S. Financial Accounting Standards Board may compel banks to disclose when they offer customers below-market interest rates on loans to secure further business, the Financial Times reported, citing unidentified people familiar with the matter.
Nasdaq OMX Group Inc., WellPoint Inc. and France Telecom SA are among 21 large companies to face potential goodwill writedowns for underperforming acquisitions like the charge that sapped Hewlett-Packard Co.’s shares.