Fed likely to hike main rate despite banking turmoil: economists

Banks will likely reduce lending in coming months, complementing Fed efforts to cool the economy while increasing the risk of recession, economists said.

By Jim Tyson • March 21, 2023

Lessons from SEC’s $3M Blackbaud cyber penalty

The Charleston, South Carolina-based software provider’s recent data breach settlement with the SEC serves as a cautionary tale for C-suite leaders.

By Alexei Alexis • March 21, 2023

Explore the Trendline➔

Navigating risk in turbulent times

CFOs must help their organizations mitigate risks by balancing the need for both growth and stability. 

By CFO Dive staff

Travel + Leisure CFO talks uptick in travel, bleisure

Despite headwinds on travel from the pandemic, CFO Mike Hug has continued to capitalize on new opportunities within the industry.

By Elizabeth Flood • March 20, 2023

With tech’s favorite banks in turmoil, some are choosing loyalty

After several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.

By Gabrielle Saulsbery • March 20, 2023

Bipartisan Senate bill would bolster SEC whistleblower safeguards

The SEC’s program for gathering tips on securities law violations has imposed $6.3 billion in sanctions since its creation.

By Jim Tyson • March 17, 2023

SVB’s parent company files for bankruptcy protection

The move will allow SVB Financial Group “to preserve value as it evaluates strategic alternatives” for venture-capital business SVB Capital and broker-dealer SVB Securities, the company said.

By Dan Ennis • March 17, 2023

Does SVB failure expose CFO job creep’s weaknesses?

The bank's chief risk officer seat was left vacant for much of 2022, raising questions about how such responsibilities are distributed and to whom in the modern C-suite.

By Grace Noto • March 16, 2023

Nearly one-third of CFOs to diversify deposits across banks: study

CFOs are looking to take immediate action to assess the risk and exposure to their businesses following recent bank failures.

By Elizabeth Flood • March 16, 2023

Cybersecurity market confronts potential consequences of banking crisis

Bank seizures impose new challenges on vendors in every segment and may spur consolidation.

By Matt Kapko • March 16, 2023

KPMG’s 29-year SVB stint stirs independence debate

The bank’s failure — two weeks after it effectively got a clean bill of financial health — is reigniting some concerns that cozy client-auditor ties may jeopardize audit rigor.

By Maura Webber Sadovi • March 16, 2023

SEC fines IT firm DXC $8M for ‘misleading’ disclosures

DXC lacked adequate controls for the review, approval and classification of costs, according to the SEC.

By Jim Tyson • March 15, 2023

Core inflation rises, challenging Fed amid banking instability

Even as high inflation persists, the failure of Silicon Valley Bank and Signature Bank has undercut expectations that the Fed will step up the pace of monetary tightening.

By Jim Tyson • March 14, 2023

SVB failure could cloud CFOs’ sunnier outlook

CFOs are cautiously optimistic for 2023, according to Deloitte’s latest CFO signals survey, but the swift downfall of SVB could test that.

By Elizabeth Flood • March 14, 2023

Silicon Valley Bank investors sue collapsed firm’s CEO, CFO

The proposed class action alleges the failed bank, CEO Greg Becker and CFO Daniel Beck concealed from investors the impact that high interest rates would have on the tech-focused firm’s business. 

By Anna Hrushka • March 14, 2023

Bank failure panic fuels moment of opportunity for threat actors

As regulators step in to operate Silicon Valley Bank, threat hunters and security executives warned organizations to look out for malicious activity, highlighting finance employees as especially vulnerable.

By Matt Kapko • March 14, 2023

Biden support for depositors may not brighten credit outlook

The high-profile failures of Silicon Valley Bank and Signature to hedge against interest rate risk may lead to a period of tighter credit, economists and financial advisers said.

By Jim Tyson • March 13, 2023

SVB could be biggest story for CFOs since COVID-19

The CFO Leadership Council held an emergency meeting on the Silicon Valley Bank crisis Friday while some finance leaders are bracing for broader ripple effects.

By Maura Webber Sadovi • March 13, 2023

SVB exposure: FAQs

In the wake of Silicon Valley Bank’s weekend implosion, CFOs are left scrambling to figure out the fate of deposits, payments and loans, as well as how exposure to the bank could impact their business.

By Grace Noto • March 13, 2023

Most companies lack technology needed for SEC climate rule: survey

Global standard-setters face pushback from companies ill-equipped for complying with climate risk disclosure rules.

By Jim Tyson • March 10, 2023

Regulators take over Silicon Valley Bank

The California Department of Financial Protection and Innovation closed the embattled bank and appointed the FDIC as receiver, regulators said Friday.

By Anna Hrushka • March 10, 2023

Powell testimony fuels expectations of half-point Fed rate hike

Fed Chair Jerome Powell told a House committee Wednesday that the central bank is concerned about persistent price pressures and is determined to reduce inflation to its 2% target.

By Jim Tyson • March 8, 2023

Powell says Fed may hike rates more than forecast

Fed Chair Jerome Powell told a Senate committee that reducing inflation to the central bank’s 2% target may not lead to widespread layoffs.

By Jim Tyson • March 7, 2023

ESG reporting muddled by jumble of standards: IFAC

The SEC plans before May to release a final climate risk disclosure rule aimed at achieving uniform corporate reporting and combating “greenwashing.”

By Jim Tyson • March 6, 2023

CFO takeaways from Biden cyber plan

The Biden administration’s new 35-page report, released last week, calls for increased regulation and warns that some U.S. companies are not doing enough to respond to escalating cyber threats.

By Alexei Alexis • March 6, 2023

Consumer confidence sags on outlook for economy, wages

Although emboldened in January by a hot job market, U.S. households may begin to trim spending amid rising prices and borrowing costs, the Conference Board said.

By Jim Tyson • Feb. 28, 2023