SVB CFO may be swept up in stock dumping scrutiny

Three SVB Financial senior officers, including the finance chief, sold company shares worth a combined total of about $4.5 million as of Jan. 1, according to insider trading research firm Smart Insider.   

By Alexei Alexis • 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

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

Burberry poaches CFO from McLaren

The British luxury fashion house announced another change in its C-suite after naming a new CEO just last year.

By Elizabeth Flood • 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

Finance tech guru dishes on ChatGPT

While the technology holds promise, concerns over the privacy risks are justified for now, finance tech expert Glenn Hopper says.

By Alexei Alexis • March 13, 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

DocuSign makes surprise CFO transition announcement

Cynthia Gaylor is stepping down from her role as CFO as the company handles the aftermath of two rounds of layoffs and leadership team expansion.

By Elizabeth Flood • March 13, 2023

4 keys to automation roadmapping

Finance tech projects undertaken without a good roadmap could be headed for failure, according to Gartner analyst Nisha Bhandare.

By Alexei Alexis • March 13, 2023

Your company is changing software providers. Now, you just have to break it to staff.

It’s on technology leaders to reduce friction and frustration, engage stakeholders and foster communication to ensure a migration goes smoothly.

By Lindsey Wilkinson • March 13, 2023

Executives’ dim US economic outlook eases slightly: AICPA

The executives’ slightly less gloomy first quarter U.S. economy outlook comes as finance leaders are continuing to grapple this week with more mixed economic signals. 

By Maura Webber Sadovi • March 10, 2023

Allbirds replaces CFO with ex-Adidas exec

The Silicon Valley favorite sneaker brand is the second direct-to-consumer brand this week to report disappointing earnings and a CFO transition.

By Elizabeth Flood • 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

Walmart bets on digital retail future, CFO says

The retail giant is focusing on in-store technology and logistics improvements and positioning stores as distribution points for online shopping.

By Suman Bhattacharyya • March 9, 2023

Allstate focused on profitability first, growth second

CFO Jess Merten outlined the company’s strategy as its largest competitors take an opposite approach.

By Elizabeth Flood • March 9, 2023

CrowdStrike revenue soars amid high cyber demand

The cybersecurity company reported record financial results in spite of macroeconomic headwinds.

By Alexei Alexis • March 8, 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

Stitch Fix CFO to exit as declines persist

Dan Jedda, who came from Amazon about two years ago, in May will become chief financial officer at Roku, as the box e-retailer continues its CEO search.

By Daphne Howland • 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

Brex offers ChatGPT-style CFO tools

The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.

By Alexei Alexis • March 7, 2023

Scotts still targeting cannabis sector, CFO says

The over 150-year-old company — better known for its lawn and garden products — has become one of the biggest players in the emerging cannabis market.

By Maura Webber Sadovi • March 7, 2023

Bank, finance leaders brace for rate volatility

The majority of leaders at financial institutions say interest rates will drive business model guidance this year but few are leveraging financial data to support these changes.

By Elizabeth Flood • March 7, 2023

Paymentus picks ex-TiVo exec for CFO

The electronic billing and payment company’s CFO hire comes less than a month after it handed a change in control and severance agreement to its then interim CFO.

By Maura Webber Sadovi • March 6, 2023

Generative AI a ‘game-changer’ but businesses are worried about the ethics

Most executives plan to prioritize generative AI over the next year and a half, Salesforce research shows.

By Roberto Torres • March 6, 2023