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Some banks' starting offers were as little as one-third of the department's own valuations, he added.
Even economists predicted dire knock-on effects.Most mortgage lenders said they would insist on doing their own valuations rather than relying on the sellers'.
He says the S.E.C. also allowed broker-dealers to set their own valuations on assets and liabilities that were hard to value.
Several analysts wrote in research reports on Wednesday that the deal with Mr. Icahn more closely approached their own valuations of Dynegy, and that Blackstone's offer was too low, even at $5 a share.
MADRID — As investors raise the pressure on Spain to clean up its banking sector, some of the largest and healthiest financial institutions in the country are fretting over the impact that a bailout would have on their own valuations.
Using a banded system to determine the market value of properties would mean an "administratively simple" system, Mr Balls added, with owners able to submit their own valuations.
Similar(53)
Letting the banks choose their own valuation methods doesn't sound fair and transparent to me.
The bank's own valuation, long at a premium to peers, is looking distinctly high.
Fellaini's worth ought to rise and Moyes' own valuation has soared.
Instead, each company makes its own valuation of intangibles, guided only by very general accounting standards.
"Partners could hire their own valuation company, and there would be a meeting in the middle".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com