Section 1256 contracts include certain regulated futures contracts, foreign currency contracts and non-equity options. These contracts receive a unique tax treatment under the IRS code and are subject ...

If the government doesn’t want to take this route but still wants to reduce the risk of bank insolvency arising from P&L hits on troubled mortgage assets, there might be an even quicker, cheaper way.

NEW YORK—Lloyd Blankfein, chairman and chief executive of Goldman Sachs Group Inc., said Tuesday the firm is not moving away from mark-to-market accounting. Responding to a question after his ...