Does existing guidance on current expected credit loss (CECL) apply to not-for-profit organizations (NFPs)? The answer depends on the types of financial assets an NFP holds. FASB Accounting Standards ...

FASB on Wednesday issued updated guidance on the measurement of credit losses for accounts receivable and contract assets in response to feedback from private company stakeholders. The amendments in ...

SEB Q1 net profit 7.82 bln SEK vs forecast 7.91 bln Interest income and commissions just above forecast Net expected credit losses rise more than expected STOCKHOLM, April 29 (Reuters) - Swedish bank ...

The Financial Accounting Standards Board published an accounting standards update Wednesday with optional guidance on the measurement of credit losses for accounts receivable and contract assets.

Manulife Financial's (NYSE:MFC) Q1 2025 profit, released Wednesday, came in better than expected even as provisions for credit losses and the California wildfires dampened core earnings growth. "Our ...

Synchrony Financial (NYSE:SYF) delivered better-than-expected Q1 earnings on Tuesday as the money it set aside for bad debt was lower than analysts expected, bolstering its bottom line. The money it ...

The Reserve Bank of India (RBI) issued a new Expected Credit Loss (ECL) draft, marking a turning point for Indian banks. Effective from April 2027, the ECL regime will require banks to provision for ...

Despite weak consumer sentiment and economic headwinds, major credit card issuers show resilience in consumer credit health. JPMorgan Chase, American Express, Capital One, and Klarna report stable or ...