Banks Scrutinize Their Accounting
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The nation&#39;s banks are heavy users of the complex financial contracts at the heart of Fannie Mae&#39;s accounting woes, but bank regulators and financial experts said banks likely will avoid Fannie&#39;s troubles.
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Consumer advocates are urging bank customers to be more careful about the checks they write now that new federal regulations designed to speed up check processing have taken effect.
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Wonderful news! The tough new federal regulators who were deputized to clean up the accounting industry after Enron, WorldCom and the other scandals have been busy reviewing the work and procedures of the Big Four accounting firms.
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Unlike the problems in recent financial scandals, issues raised by Fannie Mae's regulators pertain to unwieldy accounting rules that are open to widely divergent interpretations.
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Customers share what's working for them, and analysts weigh in about best practices.
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Banks fail to tell their customers exactly what their overdraft charges are for, says the OFT
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Contrarian investors who think now is the time to start buying beaten-down banking stocks could be in for a shock if they don't carefully review those companies' distressed home-equity loan portfolios.
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Some big banks report poor quarterly results and many bankers are surprised. Why?
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Changes in CFOs are worth investigating.
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The company will provide evidence that banks had information about the risks posed by subprime mortgages.
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American Funds and Edward Jones &amp; Co. are among the financial firms that regulators are requesting information from in a sweeping examination into sales and disclosure of 529 college-savings plans.
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How to understand a company's assets and liabilities.
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Federal regulators are examining circulation reporting practices throughout the newspaper industry following a string of scandals at major publishers, several companies said on Wednesday.
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New "Check 21" rules may soon be changing how your bank serves you.
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Increasingly, consumers are finding that their checks are being electronically converted by banks, retailers, credit card companies and other businesses paid by check.
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WASHINGTON -- The first inspections of the Big Four accounting firms by the board overseeing the industry turned up significant problems in their audits of companies' books and quality control, but the findings don't constitute a &quot;broad negative assessment,&quot; an official said yesterday. .
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Check the checkers and see who is inquiring about your credit history.