In the News Mark Kanaly Quoted in the <i>Atlanta Journal-Constitution</i>

Mark Kanaly Quoted in the Atlanta Journal-Constitution

Mark Kanaly was quoted in an Atlanta Journal-Constitution article that discussed two banking rules that critics note have exacerbated the current banking crisis in Georgia.  The first rule forces banks to value foreclosed homes and vacant lots at fair market value, even if they don't plan to sell the property until prices recover.  The second bans banks that fall below certain capital levels from bringing in brokered deposits, an often vital funding source. 

Kanaly stated that the accounting rule "is just killing everybody.  It's a mess."

Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222
This website uses cookies to improve functionality and performance. By continuing to browse this site, you are consenting to the use of cookies on this website. For details, see our Privacy Statement