OCC Forces Banks To Write Down Home Equity Loans

12 Oct 2012

Guidance on how banks should account for troubled debt restructurings from the Office of the Comptroller of the Currency forced JPMorgan Chase to write off $825 million in home equity loans and Wells Fargo to charge off an additional $567 million in the third quarter.

Guidance on how banks should account for troubled debt restructurings from the Office of the Comptroller of the Currency forced JPMorgan Chase to write off $825 million in home equity loans and Wells Fargo to charge off an additional $567 million in the third quarter.Wells Fargo said ...

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