American Banker

Loss Provisions May Drop More; ’Hidden Asset‘ for B of A/Fleet?

Large banks took full advantage of improving credit quality during the third quarter, slashing provisions for loan losses and allowing more profits to fall to the bottom line. That trend could ...
JD Supra

Use of Accounting Term of Art in Arbitration Provision of Asset Purchase Agreement Narrows its Scope in Favor of Bankruptcy Court Jurisdiction Over Post-Closing Dispute

The Delaware District Court affirmed the bankruptcy court’s decision that the combination of a narrow arbitration provision and the bankruptcy court’s reservation of jurisdiction warranted denial of a ...
planadviser.com

SECURE 2.0 Includes Provision for Asset Allocation Fund Benchmark

The bill, referred to as 'SECURE 2.0,' gives the DOL six months after its passage to modify ERISA to allow plan sponsors to use a benchmark that’s a blend of different market indexes. The Securing a ...
Outlook Business

ICICI Bank Q3 Profit Slips 4% YoY as Provisions Double, Core Performance Remains Steady

A sharp increase in provisions weighed on the bank’s bottom line, even as operating performance remained steady and asset ...

ICICI Bank net profit down 4% to Rs 11,318 crore as provisions soar on agri book; asset quality stable

MUMBAI: The second largest lender ICICI Bank has reported a 4% on-year decline in standalone net profit to Rs 11,318 crore ...
American Banker

In Focus: Loss Provisions May Drop More; 'Hidden Asset' for B of A/Fleet?

Large banks took full advantage of improving credit quality during the third quarter, slashing provisions for loan losses and allowing more profits to fall to the bottom line. That trend could ...