Moody's predicts CECL will have limited impact on big banks

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Moody's predicts CECL will have limited impact on big banks

The new credit losses accounting standard is not expected to have a major impact on the loan loss reserves of most large publicly listed U.S. banks,
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Comcast customers eligible for $1.4M in refunds following overbilling

The state filed the lawsuit against Comcast in 2018 after several Minnesotans reported concerns about the company. Written By: Dana Ferguson | Jan 15th 2020 – 12pm. AddThis Sharing Buttons. Share to Facebook Share to Twitter Share to Reddit Share to …
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Audit fees keep rising, thanks to new accounting standards

Average audit fees increased 4.25 percent from 2017 to 2018, going from an average of $2,220,251 in 2017 to $2,314,703 in 2018, mainly driven by
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Wells Fargo Shareholders Have Been Left Behind in Stock-Market Rally

Shares of Wells Fargo & Co. are back where they started before the bank’s sales-practices scandal erupted in 2016, despite the stock’s bumpy ride. That might not seem so bad, but given the timing it is a huge missed opportunity for shareholders. Wells Fargo …
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BlackRock Passes a Milestone, With $7 Trillion in Assets Under Management

BlackRock’s assets under management jumped past $7 trillion in 2019 as the market surged higher and money poured into the company’s funds. The firm (ticker: BLK) now manages $7.4 trillion, up nearly $1.5 trillion from last year, according to its latest …
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