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"Too many institutions are continuing to reduce provisions solely to boost earnings," says OCC...

"Too many institutions are continuing to reduce provisions solely to boost earnings," says OCC chief Thomas Curry, suggesting his office may take action. Curry is referring to the now-expected sizable quarterly releases of bank loan-loss reserves which allow them to make or beat their income numbers no matter the strength of underlying operations.
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Comments (1)
  • Ted Bear
    , contributor
    Comments (598) | Send Message
     
    Bloody Hell. Reversing loan loss reserves to boost earnings! Who could have imagined.

     

    Not to worry; when they bring the bad loans and the derivative positions bank on the balance sheet more than 'earnings' will be at stake.
    29 Oct 2012, 10:24 AM Reply Like
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