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Home » Bank Disposes of Bad Assets and Takes a Hit to Balance Sheets to Prepare for New Regulations
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Bank Disposes of Bad Assets and Takes a Hit to Balance Sheets to Prepare for New Regulations

December 17, 2010
Banks that have resisted selling distressed MBS assets may finally be getting off the fence as they try to shape up for new international capital standards. State Street Corp. is shedding approximately $11 billion in securities in order to meet new capital rules, while Bank of America is reportedly...
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