What is goodwill for bank

Question

Accepted Answer

Goodwill for a bank refers to the intangible asset that represents the value of a bank's reputation, customer relationships, and brand recognition.

Goodwill is an intangible asset that is recorded on a bank's balance sheet.
It represents the value of the bank's reputation, customer relationships, and brand recognition.
Goodwill is typically generated through mergers and acquisitions, where the acquiring bank pays a premium for the target bank's intangible assets.
It is an important factor in determining the overall value of a bank.
Goodwill is subject to periodic impairment tests to ensure its value is not overstated.

Accepted Answer

Goodwill is an asset that contains that excesses of the purchase price over the fair market value an acquired business

Accepted Answer

Goodwill is an asset that contains that excesses of the purchase price over the fair market value an acquired business

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