News & Events

News & Events

5.29.2009

Petranovich Quoted in Portland Business Journal Article on Mark-to-Market Accounting

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In the May 29 issue of the Portland Business Journal, Lane Powell Shareholder Milo Petranovich was quoted in an article titled, “New rules ease tension over valuation of assets.” The article discussed banks welcoming change in “mark-to-market” accounting, which is accounting that requires companies to value assets at current market values, even though some assets would not be sold at today’s prices. Petranovich said, “Everyone’s being cautious as they should be,” in regards to the new rules being applied to banking companies.