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U.S. bank accounting rule has big earnings impact

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Tue, 18 Oct 11 5:19 PM | 91 view(s)
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U.S. bank accounting rule has big earnings impact

(Reuters) -- A $1.9 billion accounting gain by Citigroup, more than half of the $3.8 billion net income it reported for the third-quarter, highlights a controversial accounting rule that analysts say is adding volatility to many large banks' reported earnings.

Nanette Byrnes

Mon Oct 17, 2011 6:07pm EDT

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http://www.reuters.com/article/2011/10/17/us-usa-tax-bank-accounting-idUSTRE79G70U20111017




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