Banks that need to boost a form of regulatory capital are getting some help from a recent change in accounting rules.
Huntington Bancshares Inc. (HBAN) said Thursday its Tier 1 common equity would rise $100 million after it implemented a recent shift in accounting standards. Tier 1 common equity is a form of capital that bank regulators have recently emphasized in measuring banks’ financial health.
To record the gain, Huntington used a recent dictate from the Financial Accounting Standards Board that addresses the value of debt-backed investments that companies hold on their balance sheets.…Continue Reading
Financial Services 