Why the derivative mess won't go away
accounting, assets, banking, level 3 9:17 PM
Level 3.
For the seven banks Fortune surveyed, level three assets totaled over $430 billion, equivalent to 110% of the banks' combined equity. That number will likely increase in the fourth quarter, making bank balance sheets even harder to read. Yes, that's right: Wall Street's black hole is getting bigger.
Posted by OscarNOW
on 9:17 PM.
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assets,
banking,
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