Banks and regulators grapple with ‘AOCI’By Blake Evans-Pritchard
July 13, 2023
Bank of America is the latest firm to fall foul of “AOCI”, a murky metric behind this year’s largest US bank casualties which experts say is getting harder for banks to calculate. Much-needed regulatory reform is years away.
The acronym, short for “accumulated other comprehensive income”, is a ...
The spectacular collapse of Silicon Valley Bank (SVB) has reverberated throughout the US financial markets and beyond. While the fallout continues to be assessed, there are already some valuable lessons...Read more