JUL 30, 2026 Same Rule, Opposite Signs
Banking ran our definition-change test for us, better documented than we could have managed, and the answer was not the one anybody expects. On one day in January 2020 a single accounting rule moved reserves up at three banks and down at a fourth, and up and down inside the same bank. That gives a coherence test costing one group-by, and it also breaks a category we had been treating as one thing.