FASB offers fair value option to ease CECL transition

FASB offers fair value option to ease CECL transition

The Financial Accounting Standards Board is giving banks and other financial institutions some leeway in applying the new credit losses standard by
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Trump Set to Delay Auto Tariffs Amid EU, Japan Trade Talks

… Porsche imports all of its U.S.-sold cars from Europe, while Audi imports more than two thirds, according to data compiled by Bloomberg Intelligence.
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Asian Shares See Moderate Losses After Meltdown on Wall St

BANGKOK (AP) — Shares declined moderately in Asia on Tuesday after a dismal day on Wall Street as investors fled uncertainty over the China-U.S. trade standoff. The Shanghai Composite index slipped 0.2% to 2,896.60 while Japan’s Nikkei 225 gave up …
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Mercedes-Benz Will Make Entire Car Fleet Carbon-Neutral by 2039

German carmaker Mercedes-Benz pledged today to decarbonize its new passenger car fleet within two decades – far earlier than what would be required under European Union law. The timeframe is the most ambitious out of a number of similar pledges …
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VW Braces for Investor Pressure on Diesel Clean-Up Concerns

… corporate governance and compliance systems,” Ulrich Hocker, president of German retail shareholder association DSW, told Bloomberg News.
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