Book6710(1) - provision of credit losses over total assets....

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Bank of america annual report, please pay attention to provision for credit loss for both banks, Bank of america and Citigroup in the next sheet. Both banks overbooked profit by taking smaller provision for loan losses, but one bank overbooked profit more th for both banks, Bank of america and Citigroup in the next sheet. I want you to go to the annual report of both bank, and calculate and gragh
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Unformatted text preview: provision of credit losses over total assets. Financial institutions leagally can massage the earnings pershare by t han the other bank. taking smaller chargeoff for anticipated credit losses. The enormous losses by reported by banks and failure of so o many of them are the clear example of this abuse. Legally banks are expected to have...
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This note was uploaded on 09/27/2011 for the course ECON 6000 taught by Professor Fayissa during the Spring '10 term at Middle Tennessee State University.

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Book6710(1) - provision of credit losses over total assets....

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