A few months ago, the Bank for International Settlements, which acts as a bank for the worldâ??s central banks, warned in its annual report that â??the financial sector needs to recognize lossesâ? and â??adjust balance sheets to accurately reflect the value of assets.â? We are starting to get a taste of what that means, and itâ??s not all bad.
Read Full Article »Citigroup Puts Fun Back in Taking Huge Losses
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