Financial Accounting Standards Board

Reporting Leases, China Bond, Consumer Bureau: Compliance

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.

New Accounting May Prompt Shift to Short-Term Leases, Fitch Says

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.

It's Official (Sort of): JPMorgan Is World's Biggest Bank

JPMorgan Chase & Co. is the world's largest bank by total assets, using the best available data for apples-to-apples comparisons.

Bank of America Makes Stock Picking Look Easy

Wouldn’t it be nice if investing in the stock market were as easy as Bank of America Corp. is making it look?

Audit Watchdog Non-Taxpayer Budget Cut Under U.S. Sequester

The U.S. nonprofit entity that oversees corporate audits and gets no public funding may have to implement automatic spending cuts next month if Congress doesn’t delay the so-called sequester.

U.S. Banks Bigger Than GDP as Accounting Rift Masks Risk

Warning: Banks in the U.S. are bigger than they appear.

Nasdaq OMX on Short List to Follow HP on Writedowns

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.

U.S. Accounting Group Plans to Tighten Repo Deal Rules

The U.S. Financial Accounting Standards Board proposed tightening rules for repurchase agreements after investors raised concerns that borrowers can use the transactions to conceal risks.

U.S. Banks Face Tighter Rules on Loan-Rate Disclosure, FT Says

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.

Basel Chief Concerned Over Accounting Differences on Loan Losses

Global banking regulators are concerned that loan losses will be treated differently under international and U.S. accounting standards, the chairman of the Basel Committee on Banking Supervision said.

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Arizona Sheriff Violated Latinos’ Rights, Judge Rules

Google Said to Consider Buying Waze Presaging Bidding War

Neymar Wants to Complete Santos Contract as Barcelona Bids

Fannie Mae Profiting as Market Middleman Angers Lenders

Most U.S. Stocks Fall as Investors Weigh Data, Stimulus