KPMG cuts about 1,900 more US jobs

The layoffs will include cuts in its audit business — a notable shift given the company and the industry have recently struggled with accounting talent shortages.

By Maura Webber Sadovi • June 27, 2023

‘Stalling’ economy will fall into recession in Q4: Fannie Mae

The Fed will likely trigger a downturn as it sustains high interest rates to cool the labor market and curb inflation, Fannie Mae said.

By Jim Tyson • June 26, 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

SEC puts SolarWinds CFO on notice in cyberattack probe

The news underscores the growing legal exposure that CFOs have as they are increasingly expected to take on broader remits of responsibilities — including technology.

By Maura Webber Sadovi • June 26, 2023

Papa John’s taps Nike exec for CFO

Ravi Thanawala takes on his new role next month as the company seeks to open more locations.

By Elizabeth Flood • June 26, 2023

Build a winning strategy with an integrated transformation approach

Integrated transformation approaches modernize client operations and ensure that proposed solutions are implemented as planned. 

By Arvind V. S. • June 26, 2023

Treasurers trim cash allocations to banks: AFP survey

This year big companies cut back their bank deposits and allocated more of their short-term cash to government security-backed funds.

By Chris Gaetano • June 23, 2023

Accountants need to advance ‘social agenda’: ACCA

The accounting profession should not delay in helping ensure a “just transition” and promoting social welfare, the ACCA said.

By Jim Tyson • June 23, 2023

B2B must embrace digital payments

“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”

By Justin Main • June 23, 2023

SEC General Counsel defends climate risk disclosure rule

Republican lawmakers accused the SEC’s top attorney of stonewalling requests for information on the agency’s regulation and enforcement.

By Jim Tyson • June 22, 2023

Judge delays hearing on suits piling up against SVB, execs

Just over three months after SVB Financial Group was closed by regulators, at least four proposed class actions have been filed against the firm and its former top executives.

By Maura Webber Sadovi • June 21, 2023

Powell signals Fed likely to hike rates again this year

High inflation has persisted far longer than Fed policymakers and private sector analysts expected, Powell said in testimony to a House committee.

By Jim Tyson • June 21, 2023

How Infinera’s CFO practices what she preaches

CFO Nancy Erba dishes on how she strives to lead by example when it comes to women in the workplace.

By Elizabeth Flood • June 21, 2023

Visa hires CFO replacement

Card giant Visa has selected Chris Suh as its new chief financial officer. Suh, formerly at gaming company Electronic Arts and tech titan Microsoft, will receive a $3 million signing bonus and $20 million in longer-term compensation.

By Lynne Marek • June 20, 2023

Smallest businesses hold gloomier outlooks: Amex

The survey’s findings dovetail with a number of recent reports that are revealing flagging business and consumer confidence in a number of corners of the economy. 

By Maura Webber Sadovi • June 20, 2023

Remote work erodes productivity by 4%: NY Fed

Employees who worked remotely before the pandemic continue to be 8% less productive than their peers who worked in the office before the onset of COVID-19, the New York Fed found in a case study.

By Jim Tyson • June 20, 2023

Carlyle Group promotes insider to CFO seat

Following longtime CFO Curt Buser’s decision to retire, the global investment firm has appointed a company veteran and Goldman Sachs alum to the financial helm.

By Elizabeth Flood • June 20, 2023

Cost optimization strategies for resilient growth

Discover strategies to optimize costs while enhancing future growth potential.

By Dimitrios Vilaetis, Managing Director, BDO USA and Ian Cooper, Principal in Management Consulting, BDO USA • June 20, 2023

AI may annually boost US productivity 0.7% through 2040: McKinsey

Unlike many prior advances in technology, generative AI will likely prove most jarring to highly educated workers, McKinsey said.

By Jim Tyson • June 16, 2023

EY CEO’s retirement sounds new leadership alarm

Carmine Di Sibio’s exit and the firm’s abandonment of “Project Everest” may signal a new era of leadership, as well as a new structure to complete the breakup of EY’s consulting and auditing arms.

By Elizabeth Flood • June 16, 2023

Kroger execs still feel inflation’s pinch, glimpse relief

The grocery giant is still grappling with rising prices as well as the end of pandemic-era food benefits that is constraining budgets of many lower-income customers.

By Maura Webber Sadovi • June 15, 2023

Suppliers gained clout as DPO dipped: Hackett

The number of days payable outstanding —  a key gauge of cash flow health — fell 8% last year or 4.7 days, according to the Hackett Group.

By Chris Gaetano • June 15, 2023

Trump-leaning counties gain half of investment under Biden: Brookings

A Biden administration program to create a “leading-edge, techno-industrial base” and strengthen the middle class has disproportionately benefited Trump supporters.

By Jim Tyson • June 15, 2023

Five Below poaches McDonalds alum for CFO

The extreme-budget retailer is reshuffling its C-suite, with Ken Bull’s promotion to COO and Kristy Chipman’s appointment to CFO.

By Elizabeth Flood • June 15, 2023

Wells Fargo CFO warns of commercial real estate weakness

Wells Fargo CFO Michael P. Santomassimo is the latest big bank executive to detail commercial real estate distress and its potential impact on lenders.

By Maura Webber Sadovi • June 14, 2023

EY Global Chairman walks out following failed split

EY’s planned split, announced in September, collapsed as the accounting giant continues to go through layoffs and other troubles culminating now in an early exit from their CEO.

By Elizabeth Flood • June 14, 2023