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A nick on its colossal balance sheet, but still a reminder that even Warren Buffett sometimes fails at catching falling knives.
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The FSA scrutinises banks' rewards, the composition of their boards and their corporate strategies much more closely; and today's executives are left with the delicate job of defusing what Hester called the "time-bomb" of colossal balance sheets and dodgy loans.
The point is that BofA receives multi-billion dollar "too big to fail" subsidies from US taxpayers just to keep the lights on and a colossal $2 trillion balance sheet funded every day, the same balance sheet that has no room to hold some project finance loans 80percentt guaranteed by, you guessed it, the taxpayers.
TOKYO — In June 1998, a disturbing rumor tore through trading floors in Tokyo: Olympus had suffered colossal losses on derivatives trading, punching a large hole in its balance sheet.
AIG, it was revealed, had approached the Fed to borrow $40bn, a colossal sum and an indication of the size of the potential derivatives bomb within the insurer's balance sheet.
Balance sheet.
Current balance sheet.
The balance sheet was weak.
§ 232.4 Balance sheet accounts.
What is a balance sheet?
The balance sheet confirms suspicions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com