Credit Squeeze May Loom As New Accounting Rule Takes Root At Banks
PYMNTS
FEBRUARY 5, 2020
Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk is and where losses may loom — is as much art as science. In remarks to analysts, he noted that “we start with a 12-month loss outlook which we forecast.
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