Major US Banks Temporarily Mask Debt Levels : Report
April 09, 2010 at 12:43 PM EDT
The Wall Street Journal has reported that major U.S. banks temporarily masked their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky. The paper, which cites a report based on data from the Federal Reserve Bank of New York, said that 18 banks, including [...]