The FASB proposes that banks use market values for loans on their books, a controversial move...

|By:, SA News Editor

The FASB proposes that banks use market values for loans on their books, a controversial move that could cause steep declines in some banks' overall book value. If the panel approves the change, U.S. banks would have to adjust the value of their loan portfolios to the ups and downs of the market, instead of the longstanding practice of using adjusted original cost.