Description: U.S. regulators are looking hard at banks’ expected future tax benefits and the result for some financial institutions could be more writedowns.

Source: Reuters.com

Date: 11/13/2009

Link: http://www.reuters.com/article/ousivMolt/idUSTRE5AC5MW20091113

Questions for discussion:

• Summarize the reasons for bank writedowns.
• How would these banks be expected to be affected financially?