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WorldNews版 - Citi's Creative Accounting Tricks
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话题: creative话题: accounting话题: citi话题: tricks话题: awesome
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b*****h
发帖数: 3386
1
Awesome, all the banks are showing a profit this quarter.
Even beleaguered Citigroup (C) managed to report a profit, while managing to
post negative EPS, which is unusual.
So how'd they actually do it? Part of it was trading profits. All the banks
have had an awesome quarter in this respect, even as other core businesses
have continued to deteriorate.
And part of it is just plain old creative accounting.
This Bloomberg piece explains:
“It’s very hard for me to foresee that one quarterly earnings
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