How can I earn money with StudyBay? Top writers
Order Assignment
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates! Check price for your assignment
18 total offers received. Writer hired: canberra7

Bad Debt Write Off's

In July 1990, the U.S. federal regulators ordered U.S. banks to write off 20% of their $11.1 billion in loans to Brazil, and 20% of their $2.9 billion in loans to Argentina. The action significantly affected the loan loss reserves—that is, allowance for bad debts—of the banks. For example, Citicorp was ordered to write off loans totaling $780 million, compared to Citicorp’s total loan loss reserve of $3.3 billion. However, it was reported that the write-off would not automatically have an impact on bank earnings. Prepare a detailed report answering the following questions: Why won’t the ordered write-offs from 1990 automatically impact earnings? Might the ordered write-offs have an indirect impact on future earnings? What will be the effects of the 2009 write-offs on banks’ books? What effect would you expect to see on the banks’ stock prices in response to the 1990 announcement?  What about the write-offs in 2009? Why are your answers in the scenarios different or similar? Your well-written paper must be two to three pages in length, in addition to the title and reference pages, and be formatted according to the CSU-Global Guide to Writing and APA Requirements. Cite at least three peer-reviewed sources, in addition to the required readings for this module. References Source: Quint, M. (1990). Write- off on bank loans due. Retrieved from http://www.nytimes.com/1990/07/12/business/write-off-on-bank-loans-due.html Norris, F. (2009). Americans owe less. That’s not all good. Retrieved from http://www.nytimes.com/2009/12/12/business/economy/12charts.html?module=Search&mabReward=relbias:r
In July 1990, the U.S. federal regulators ordered U.S. banks to write off 20% of their $11.1 billion in loans to Brazil, and 20% of their $2.9 billion in loans to Argentina. The action significantly affected the loan loss reserves—that is, allowance for bad debts—of the banks.
Related Materials
Assignment ID
47091
Discipline
CREATED ON
October 6, 2016
COMPLETED ON
October 7, 2016
Price
$40
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates!
Check price for your Research Paper
Latest reviews for canberra7
melodys3723
November 21, 2016
melodys3723
Great work from this writer
melodys3723
November 17, 2016
melodys3723
Great work from this writer
melodys3723
November 13, 2016
melodys3723
Great writer