Financial Times on Nostr: US banks may (or may not) be bracing for a hard landing ========== US banks may or ...
US banks may (or may not) be bracing for a hard landing
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US banks may or may not be preparing for a hard landing; The article discusses the potential impact of the Current Expected Credit Loss (CECL) accounting standard on US banks; CECL requires banks to estimate and set aside provisions for expected credit losses in advance; The article mentions that some banks have already started preparing for CECL, while others have not; JPMorgan Chase & Co is mentioned in the article; The article also mentions a reshuffle at JPMorgan that erodes the power base of Jamie Dimon's top deputy; The SEC is investigating Wall Street banks over lost interest payments; US regulators are seeking to limit asset managers' influence over big banks; JPMorgan is promoting an in-house chatbot as an AI-based research analyst
#UsBanks #Cecl #JpmorganChase&Co #AccountingStandard #FinancialRegulation
https://www.ft.com/content/a10723c0-2dac-4b5d-8c09-0e6abbfb6ee2
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US banks may or may not be preparing for a hard landing; The article discusses the potential impact of the Current Expected Credit Loss (CECL) accounting standard on US banks; CECL requires banks to estimate and set aside provisions for expected credit losses in advance; The article mentions that some banks have already started preparing for CECL, while others have not; JPMorgan Chase & Co is mentioned in the article; The article also mentions a reshuffle at JPMorgan that erodes the power base of Jamie Dimon's top deputy; The SEC is investigating Wall Street banks over lost interest payments; US regulators are seeking to limit asset managers' influence over big banks; JPMorgan is promoting an in-house chatbot as an AI-based research analyst
#UsBanks #Cecl #JpmorganChase&Co #AccountingStandard #FinancialRegulation
https://www.ft.com/content/a10723c0-2dac-4b5d-8c09-0e6abbfb6ee2