FRB Finds Banks Manipulate Debt At Quarter-End

By Nick Malinowski (April 9, 2010, 6:16 PM EDT) -- Major banks, including Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley, temporarily lower their debt ahead of quarterly filings to mask their risk levels, according to the Federal Reserve Bank of New York....

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