Banks and regulators grapple with ‘AOCI’
By Blake Evans-PritchardJuly 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 ...
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