The Latest
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Survey: Smart data management by CFOs helps retain subscription customers
Reducing churn, especially while customers hard-hit by uncertainty are demanding value, starts with deciding what data to collect and when to collect it.
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Courtesy of FDIC
FDIC chair asks FASB to waive credit-loss rule
Banks dealing with credit market upheavals as a result of the pandemic shouldn't have to adjust to sweeping changes in loss allowances right now, the regulator says.
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Johnson & Johnson CFO: Pandemic may be 'good opportunity to strike deals'
CFO Joseph Wolk said Johnson & Johnson, parent company of Band-Aid, Rogaine and Tylenol, would release earnings guidance next month, even if, due to the unfolding pandemic, that guidance ends up being wrong.
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Wall Street goes remote as NYC becomes COVID-19 epicenter
While many companies shift to remote work, Wall Street has two large roadblocks: compliance and security.
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Government trying loans, payments, credit support to curb economic freefall
An open-ended bond-buying commitment and new credit facilities are added to what would be the most expensive piece of legislation in history if it passes.
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CFOs can expect indirect benefit from Fed's latest credit facility
The move gives money market fund managers the confidence to buy or roll over the commercial paper that many companies rely on to cover short-term costs.
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Courtesy of NerdWallet
CFO uses financial frame to smooth leadership confict
Resource allocation is a constructive starting point for building a healthy corporate culture, NerdWallet’s finance leader says.
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Tax Day postponement to July 15 'welcome news' for small business
The U.S. Treasury Secretary announced that, amid the coronavirus' economic impact, Tax Day would be postponed to July 15. But where does that leave small businesses?
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Coronavirus impact limited to timing issues so far, LED company CFO says
The company has taken steps to keep manufacturing on track by disinfecting its facility, but employees uncomfortable with working on site can stay home.
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Connie Zhou Courtesy of KPF
NYC's largest hospital system hires new CFO
Niyum Gandhi has been Chief Population Health Officer at Mount Sinai Health System for five years. As New York City coronavirus cases jump to 2,500, the giant healthcare system announced his promotion.
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Fotolia
UBS CFO: 'We've experienced very few losses'
Kirt Gardner says the giant Swiss bank will weather the pandemic storm, thanks to its "conservative risk profile, high-quality credit portfolio and relatively limited exposure to highly impacted industries."
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Fed's new credit facility of little help if CFOs rely on small partners
Big companies benefiting from the Federal Reserve's backing of their commercial paper can still feel the outbreak's impacts if their suppliers don't get similar help.
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National Park Service. (N/A). "First bank of the United States" [Photo]. Retrieved from https://www.nps.gov/inde/learn/historyculture/places-firstbank.htm.
Regulators weigh easing more bank rules as markets stay jittery
A spate of initiatives, some released and some under consideration, are intended to keep credit flowing to businesses hard hit by the novel coronavirus outbreak.
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Trump's new $1T relief package: Which industries get a slice?
Treasury Secretary Steven Mnuchin pitched the relief package to Senate Republicans. It's the biggest package in U.S. history, but which industries will get access?
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Rise in crisis-related employee costs tracks coronavirus outbreak
CFOs are being flexible on expense policies as employees rack up costs for canceled trips, remote working, face masks and other types of reimbursement requests that were once rare.
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Banks tap Fed discount window to signal readiness on credit
The biggest U.S. banks have been cooperating with each other and with the Federal Reserve to show they'll keep people and companies liquid should the economy worsen.
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CFOs confident going into coronavirus outbreak, survey finds
Thanks to the digital transformation of operations and a strong financial environment, CFOs think they're relatively well-prepared for COVID-19. But a global recession poses a real concern.
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Slack, Zoom CFOs stay realistic as coronavirus spotlights remote work
With most of the country transitioning to remote work, video conferencing tool Zoom and instant messenger Slack are exploding in popularity. But their CFOs aren't quick to assume that it will have long-term benefits.
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Major US banks halt share buybacks in response to coronavirus pandemic
The forum called the COVID-19 pandemic “an unprecedented challenge for the world and the global economy,” and said the U.S.’s largest banks have an “unquestioned ability and commitment” to support the nation.
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Markets drop despite Fed weekend rate cut on coronavirus
Stock trading had to be halted for the third time in recent weeks as pessimism over the government's coronavirus response overshadowed the Federal Reserve's latest monetary move.
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As coronavirus persists, CFOs' hedging strategies are key
Companies with even minimal global exposure should prepare to make a currency play if the dollar remains volatile.
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How cruise line and ski resort CFOs protect cash flow
Every industry is feeling the impacts of the global pandemic, but for CFOs of particularly vulnerable industries, planning is key.
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Report: House scales back coronavirus leave bill, sends revisions to Senate
The bill also would temporarily amend the FMLA, creating protections for leave related to the new coronavirus for some employees.
UPDATED: March 17, 2020 at 9 a.m. -
Fotolia
Making the most of the cash-to-cash cycle
The finance function can encourage efforts by procurement to provide value when it comes to arranging and reviewing supplier contracts.
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UPS taps former Home Depot CFO Carol Tomé to succeed David Abney as CEO
Tomé will be UPS' twelfth CEO in its 113-year history and the first woman to hold the position.
