STUART THEOBALD: Banks look backwards and forwards … and back and forth again 🔒
Once upon a time, banks could make up their earnings. Well, not quite, but bankers had a lot of discretion. With banks’ earnings season now upon us, it is tempting to reminisce. For various reasons, discretion has made something of a comeback.
There are many studies that show banks engaged in earnings smoothing. This was the practice of managing just when a bank would recognise losses or gains to keep earnings and dividends growing steadily year after year. That was thought build confidence among shareholders and depositors alike. ..
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Baxter hints at the shape new-look Chiefs will take against SundownsHe intimated that those new players who do get a start could come from among those signings who have played under the coach previously at Bafana Bafana or SuperSport United, so understand his philosophy and game model.
Read more »
Mkhwebane vs Gordhan again: Public protector wants minister's bank recordsPublic protector Busisiwe Mkhwebane wants Pravin Gordhan's bank records as part of a fresh investigation into the department of public enterprises.
Read more »
Standard Bank test cheat fails in court attempt to get her job backA bank manager who repeatedly failed a test on the regulations affecting the department she headed - then cheated in order to pass it - has failed in a court attempt to save her job.
Read more »
Godongwana ‘will be just fine’ - The Mail & GuardianTito Mboweni, ANC heavyweight Enoch Godongwana, has the tough task of stabilising a pandemic-hit fiscus and clawing back investment after the country’s credit rating was downgraded again.
Read more »
Prosus to move forward with complex share swapAll conditions of its offer to buy Naspers shares have been met and a deal to set up a cross-holding structure between the two companies will proceed
Read more »
Prosus to move forward with complex share swapAll conditions of its offer to buy Naspers shares have been met and a deal to set up a cross-holding structure between the two companies will proceed
Read more »