Accounting

Agencies are close to finishing Volcker Rule changes: FDIC's McWilliams

06/12/19

The head of the Federal Deposit Insurance Corp. previously had said regulators were weighing numerous options for addressing criticism of their 2018 proposal.

[more]

House lawmaker warns of CECL's impact on Fannie, Freddie

02/14/19

Rep. Blaine Luetkemeyer, R-Mo., told the mortgage giants' chief federal regulator that the Financial Accounting Standards Board’s new model for estimating loan losses could pose risk across the mortgage market.

[more]

Accounting gaffe surfaces at First Bancorp in Puerto Rico

03/20/18

The San Juan company disclosed an error in the way it calculated the provision for losses in its commercial loan book.

[more]

Weakness in internal controls surfaces at Valley National

03/02/18

The New Jersey bank did not say exactly what the problem was, but it is beefing up how allegations of financial-reporting violations are reported to upper management.

[more]

Hope Bancorp puts material weakness in its rearview mirror

03/02/18

The issue had forced the Los Angeles company to scuttle its deal to acquire U&I Financial in Washington state.

[more]

Wells Fargo hits two milestones on road to fix corporate governance

03/01/18

Wells Fargo, which has been told by the Fed that it needs to improve its governance and controls, on Thursday received an important thumbs-up from its outside auditor and also named the four senior directors who will retire next month.

[more]

Comerica promotes Muneera Carr to CFO

11/08/17

Comerica's chief accounting officer since 2010, Carr will replace David Duprey, who is retiring early next year.

[more]

Why this once-skeptical banker is now sold on new loan-loss rule

06/30/17

Timothy Zimmerman, who once called CECL a dangerous proposal, now sees a justification for the FASB standard. And he is urging bankers to start working on plans to comply with the change.

[more]

'Elections have consequences': Comments of the week

03/24/17

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

[more]

Better accounting is first step to satisfied customers

03/21/17

Profit and loss accounting is the least customer-centric process in the entire banking system. Overhauling it would improve banks’ culture and approach to digital banking.

[more]