FASB Eases Fair-Value Rules Amid Lawmaker Pressure
Date: April 2, 2009
By Ian Katz
April 2 (Bloomberg) — The Financial Accounting Standards Board, pressured by U.S. lawmakers and financial companies, voted to relax fair-value rules that Citigroup Inc. and Wells Fargo & Co. say don’t work when markets are inactive.
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Source: Bloomberg
