Bank Accounting & Finance articles from September 2001

Bank Accounting & Finance archives from September 2001

Merger myths, merger realities.(Statistical Data Included)(Brief Article)
September 22, 2001... Three articles in this issue of Bank Accounting & Finance address the dismal record of merging financial institutions over the past decade. By various measures, most combinations of financial services companies have failed to increase...

Creating shareholder wealth at financial institutions: governance and management for higher market valuations.(Statistical Data Included)
September 22, 2001... The fundamental objective of any business enterprise is to create wealth for its owners. According to an analysis of their fourth-quarter earnings releases, the majority of the nation's largest banks did produce significant increases in...

The rational management of liquidity risk.(Statistical Data Included)
September 22, 2001... Not long ago, two writers on the subject of liquidity risk asked bluntly "Why is liquidity risk so poorly understood?" While many financial managers have an intuitive understanding of liquidity risk, very few have managed to organize,...

Federal subsidies and the government-sponsored enterprises: an analysis of the CBO study.(Congressional Budget Office)(Statistical Data Included)
September 22, 2001... The Congressional Budget Office (CBO) recently completed a draft study on "Federal Subsidies and the Housing GSEs" (2001). This work updates prior CBO estimates on these subjects conducted in 1996 using 1995 data. The major conclusions of...

The truth about corporate combinations.(Statistical Data Included)
September 22, 2001... Financial services companies have been entering into different corporate combinations--mergers, acquisitions, strategic alliances, and sales or outsourcing--at a frenetic pace. In 2000, for example, the value of financial services industry...

Addressing operational issues and human factors in mergers.(Statistical Data Included)
September 22, 2001... The annals of modern business history are replete with examples demonstrating that a merger does not automatically guarantee efficiency or economies of scale. In fact, the results are often just the opposite. Depending on whom you ask, the...

News from the EITF. (FASB and the EITF).(Emerging Issues Task Force)(Statistical Data Included)
September 22, 2001... Most financial institutions have been quite busy implementing significant, new accounting standards over the last year. Just as most banks put the finishing touches on implementing Financial Accounting Standards Board (FASB) Statement of...

A vindication for thrift acquirers, with implications for other taxpayers. (Tax update).(Statistical Data Included)
September 22, 2001... On July 6, 2001, the U.S. Court of Claims ruled in two cases (Centex Corp. v. United States, No. 96494C, slip op. [Fed. Cl. July 6, 2001]; and First Nationwide Bank v. United States, No. 96-590C, slip op. [Fed. Cl. July 6, 2001]) that the...

SEC staff provides guidance on selected loan loss allowance methodology and documentation issues. (SEC update).(Securities and Exchange Commission)(Statistical Data Included)
September 22, 2001... The Office of the Chief Accountant and the Division of Corporation Finance of the Securities and Exchange Commission (SEC) recently released Staff Accounting Bulletin (SAB) No. 102, "Selected Loan Loss Allowance Methodology and Documentation...

Internal auditing in the banking industry. (Auditing).(Statistical Data Included)
September 22, 2001... The internal auditing function helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. The board of...

Implementing behavior-based profitability to achieve e-commerce success. (Management Accounting).(Statistical Data Included)
September 22, 2001... Industry analysts, journalists, and banking executives believed for years that a financial institution's success depended on the deployment of electronic delivery channels. Many institutions, however, have now realized that electronic channels...