Revised FASB Rule Could Undermine Toxic-Asset Plan

Revisions to the Financial Accounting Standards Board’s mark-to-market rule could undermine Treasury’s plan to help banks shed their toxic assets.

  • 01 Apr 2009
Revisions to the Financial Accounting Standards Board’s mark-to-market rule could undermine Treasury’s plan to help banks shed their toxic assets. Under the proposed revisions, banks would be freer to value their troubled mortgages, corporate loans and other securities, and that could make it more attractive for the keep ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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3 Wells Fargo Securities 86,271.10 256 9.44%
4 JPMorgan 67,323.36 205 7.37%
5 Credit Suisse 49,265.86 144 5.39%