Macronomics

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Showing posts with label Monolines. Show all posts
Showing posts with label Monolines. Show all posts
Tuesday, 18 January 2011

Credit Value Adjustment and the boomerang effect of FAS 159 accounting rules on Banks Earnings - Citigroup latest results

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Citigroup's latest results clearly show the impact of tightening CDS spreads on earnings. Credit valuation adjustment (CVA) refer to t...
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