Friday, January 22, 2010

New off-balance sheet rule: Little impact on Wells

Excerpt:

The new accounting standard requiring banks to bring assets back on balance sheet had a negligible impact on Wells Fargo. Despite having over $2.0 trillion of off-balance sheet assets, Wells consolidated just $10 billion of risk-weighted assets when the new standard took effect January 1.

http://blogs.reuters.com/rolfe-winkler/2010/01/21/fas-1667-big-bark-but-no-bite-for-wells/

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