Report: Banks Understated Debt Levels

MarketNewsVideo.com, Forbes
Fri, 04/09/2010 - 9:29am

According to a report in the Wall Street Journal on Friday, eighteen banks, including Citigroup, Bank of America, Morgan Stanley, and Goldman Sachs, lowered debt levels just prior to reporting earnings during the past five quarters. The revised data made balance sheets appear to be lest risky.

Topics: wall street journal citigroup bank america morgan stanley goldman sachs report debt levels

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Report: Banks Understated Debt Levels

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