The Securities and Exchange Commission (SEC) is considering new rules that would prevent financial firms from masking the risks they take by temporarily lowering their debt levels before quarterly reports to the public are due. SEC Chairwoman Mary Schapiro’s disclosure, at a hearing of the House Committee on Financial Services, came two weeks after it was reported that 18 large banks had consistently lowered one type of debt at the end of each of the past five quarters, reducing it on average by 42% from quarterly peaks.

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HomeServices earnings grow 10%, Warren Buffett says

Warren Buffet’s annual letter to Berkshire Hathaway shareholders gave a glimpse into the earnings of its HomeServices of America affiliate, the nation’s second-largest real estate brokerage.

Feb 24, 2020 By
3d rendering of a row of luxury townhouses along a street

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