(Bloomberg) The world’s largest banks are incorrectly accounting for their swaps trades, locking up money that could otherwise be paid out as dividends to their shareholders, according to a bold new ...

In late 2007, as the U.S. subprime mortgage market began rapidly going south, leading to the second-worst economic collapse in U.S. history, economists and financial writers began writing about the ...

The Financial Accounting Standards Board issued a pair of updates Thursday to U.S. GAAP to provide alternatives for private companies on the subsequent accounting for goodwill and for interest rate ...

WASHINGTON, July 13 (Reuters) - The board that sets accounting standards for state and local governments on Wednesday changed some financial reporting requirements for swaps and other hedging ...