Strip FASB of its powers


Lawmakers should go further than their recent criticism of the Financial Accounting Standards Board's loan-loss rule and just hand over its duties to the Securities and Exchange Commission.


PPP fee income will go straight to loan-loss reserves at many banks


The millions of dollars earned from Paycheck Protection Program transactions will help cover rising provision costs tied to the new CECL accounting standard and coronavirus shocks to loan books.


Congress was right to freeze CECL


Banks would have drowned if lawmakers hadn't delayed the new accounting standard during the coronavirus pandemic.


Why some small banks are taking their CECL lumps now


Banks had an opportunity to delay compliance with the new accounting standard, but many opted to move forward to get ahead of credit issues that could arise from the coronavirus outbreak.


PacWest reports 1Q loss over goodwill impairment charge


The Los Angeles regional bank recorded the $1.5 billion noncash charge after its stock price ended March below its tangible book value.


Don’t use coronavirus as an excuse to derail CECL


Lawmakers delayed the new accounting standard as part of the stimulus package, but they shouldn't let bankers persuade them to eliminate it outright.


Bankers hope reg relief doesn’t end when coronavirus does


Measures that delay the Current Expected Credit Losses standard and reduce a community bank capital ratio are temporary, but the industry now sees an opening to argue that they should be permanent.


Fed may give Wells breathing room; Dimon says not yet to dividend halt


Parties talking about a temporary lift of Wells' asset cap; GDP would have to drop an “unlikely” 35% in Q2 before JPMorgan would be forced to stop payouts.


Rescue loan snafu, so long Moven, Fed's Wells dilemma: Top stories of the week


Emergency loan program plagued by chaos on eve of launch; why Moven, one of the first challenger banks, is calling it quits; Fed faces conundrum on whether to remove Wells Fargo's asset cap; and more from this week's most-read stories.


CECL down, but not out


Lawmakers and regulators opted to delay compliance for banks that have implemented the credit loss standard, sparing them near-term capital hits.