The Latest
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OpinionWhy CFOs are essential for business turnarounds
Loss-making businesses don’t fail because of finance chiefs, but they can survive because of them.
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Q&AHatch Bank CFO on liquidity, risk and the potential for automation
Francis Mitchell discusses his approach to building teams, evaluating operations and managing risk at the banking-as-a-service provider.
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Insurers rank financial volatility as this year’s top risk
Looking three-plus years ahead, the nod goes to adverse artificial intelligence outcomes.
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Uncle Nearest founder’s bankruptcy attempt is denied: Trial Balance
A federal bankruptcy judge late last week said that Fawn Weaver lacked the authority to seek Chapter 11 bankruptcy protection for the brand, but the legal battle isn't over yet.
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OpinionWhat CFOs should know about the ‘jock tax’
The jock tax is more than just viral headlines — it’s about understanding multi-state wage sourcing and building systems to effectively manage it.
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CFOs On the Move: Week ending March 20
Brown-Forman appoints Whirlpool’s former CFO as finance chief, Wonder names a finance chief in preparation for an IPO and Quantinuum hires SoundHound AI’s CFO.
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HSBC weighs big AI-driven cost cuts: Bloomberg
The British bank is reportedly considering eliminating about 10% of its global workforce amid a big bet on artificial intelligence.
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Q&ALeading with emotional intelligence: Meet The People CFO on transforming finance teams
In her first CFO role, Lu Hur combines financial expertise with emotional intelligence to unite a global team, drive collaboration and support a “people-centric” mission.
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Ex-CFO of Nebraska lender convicted of bank fraud
In 2021, while he was CFO of Bank of the Valley, Aaron Luneke submitted fraudulent contractor invoices and obtained bank loans totaling $4.3 million, the Justice Department said.
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The 6 a.m. CFO: How Fundrise’s Alison Staloch starts her day
Staloch highlights the value of embracing uncertainty, explains why she checks Slack before email and shows how a small shift in perspective can change work approaches.
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Bloomingdale’s takes share from Saks Global, lifts Macy’s Inc. in Q4
“The vendor community has rallied around Bloomingdale's like never before,” Macy’s Inc. CEO Tony Spring told analysts Wednesday.
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Internal audit functions lose budget bucks and headcount
But internal audit departments that gel with wider enterprise priorities are more likely to get the funding they need, according to a new survey.
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Hospital finance chiefs say half or more tech pilots fail: survey
In a survey of 150 American hospital CFOs, respondents reported mixed success with financial and administrative technology experiments.
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Q&AChipotle CFO on expanding globally while maintaining a debt-free model
Adam Rymer explains how the fast-casual chain is using AI tools, funding rapid restaurant growth and operating with a debt-free balance sheet.
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SEC’s enforcement chief steps down
Margaret Ryan has resigned as director of the agency’s division of enforcement after about six months on the job.
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OpinionIs your company ready if liquidity returns?
Firms that benefit most from renewed capital won’t be the ones who raise first. They’ll be the ones prepared to use it effectively.
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Nidec looks to determine execs’ liability in accounting scandal: Trial Balance
The Kyoto-based manufacturer of electric motors says it has formed a new committee to determine whether certain leaders “bear legal liability” in a $1.6 billion accounting misconduct case.
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US finance chiefs are ready enough to deal with today’s risks, study says
But CFOs in Singapore, Germany and the U.K. are ahead of their American counterparts.
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CFOs On the Move: Week ending March 13
Nissan promotes an insider to CFO, Peloton’s chief accounting officer steps in as interim CFO and Planet Fitness appoints its former finance chief as interim CFO.
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What finance teams should know about the world of subrogation
The practice, which involves insurers seeking money from at-fault parties, has birthed a host of businesses and is often billed as a way to lower premiums. It’s not without controversy.
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SEC and PCAOB enforcement grinds to a near halt under new leaders
The Securities and Exchange Commission initiated only 10 accounting and auditing actions last year — its lowest level in nine years.
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Q&ALantern CFO Greg Chisholm talks health care, AI and capital allocation
Chisholm shares insights on tackling health care complexity, navigating rapid growth and his skepticism about generative AI’s ability to build a durable business strategy.
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Strategic finance advances as back-office systems play catch-up
Separate reports from the AFP Cost of Capital Survey and Basware’s compliance research show different parts of the finance function evolving at different speeds.
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Managing employee learning time like capital: Metric of the Month
Formal development hours are rising, but few organizations measure their return. Finance leaders can play a key role in changing that.
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CFOs and private equity sponsors diverge on IPO timing and approach
While most CFOs surveyed by consulting firm Accordion said boards and sponsors should control IPO timing, more than half of PE sponsors said it’s the finance chief’s job.
