Treasury

Only 20% of CFOs can forecast revenue, earnings beyond a year: survey

Even after the pandemic shock, most CFOs forgo effective scenario planning and more than half lack the ability to forecast revenue and earnings beyond six months, according to a Prophix Software survey.

By Jim Tyson • May 11, 2021

Half of companies lack LIBOR phase-out plan: Duff & Phelps

Despite regulatory pressure, more than half of financial services firms have not determined when they will stop using LIBOR in new contracts, according to a Duff & Phelps survey.

By Jim Tyson • May 10, 2021

Deep Dive

Up from the ashes: Restaurant CFOs prepare for boom

Profit-hungry restaurant CFOs blindsided by the pandemic get ready for robust economic growth, offering lessons for leaders in less-stressed industries.

By Jim Tyson • May 06, 2021

Rising inflation, higher taxes pose 'headwinds' to growth, Schenker says

Look for 'eye-popping inflation numbers' and 'horse trading' on taxes as potential economic drags, economist Jason Schenker says. 

By Jim Tyson • May 06, 2021

'Gender bonds' empowering women likely to improve issuers' credit outlook: Moody's

Issuance of bonds tied to women’s economic empowerment will likely grow while boosting issuers’ credit standing, Moody’s said.

By Jim Tyson • May 05, 2021

Walmart gives suppliers option for early payment to help increase access to capital

The retailer is expanding its early payments program through a partnership with the financial technology company C2FO.

By A.B. Brown • May 05, 2021

Biden climate policy poses credit risks for 'carbon-intensive' companies: Moody's

Biden administration plans for curbing climate change will increase credit risks for companies in carbon-intensive industries while creating business opportunities, Moody’s said.

By Jim Tyson • April 30, 2021

Can't get funding? It's likely not for the reason you're told

Don’t expect investment firms to be upfront about why they turn down your company, SafeGraph CEO Auren Hoffman says.

By Robert Freedman • April 30, 2021

Multinationals reported $6.16B in negative forex exposure for Q4: study

A decline in negative foreign exchange impact during the fourth quarter was probably "the calm before the storm" that likely occurred during the first quarter of 2021, according to Kyriba.

By Jim Tyson • April 29, 2021

Biden tax hikes won't change company credit plans: Moody's

Companies have shown they’re impervious to tax policy changes in part because of low interest rates and investors’ hunt for yield.

By Robert Freedman • April 28, 2021

Biden plan would increase taxes on multinationals by $1.2 trillion over 10 years: study

Biden’s proposal to raise corporate taxes to fund $2 trillion in infrastructure spending would harm U.S. competitiveness, the Tax Foundation says.

By Jim Tyson • April 28, 2021

CFO role has grown during pandemic: Accenture

CFOs have taken on greater responsibilities since the onset of COVID-19, especially those at government agencies handling record pandemic aid, Accenture said.

By Jim Tyson • April 27, 2021

Deep Dive

Up from the ashes: How airline CFOs are preparing for the post-pandemic rebound

CFOs of airlines challenged by the pandemic are preparing for a rebound in demand, offering lessons for financial executives in less-stressed industries.

By Jim Tyson • April 26, 2021

Capital raises, along with expectations, getting bigger, VC funder says

For hot companies in hot markets, the amounts are exceptional, Christoph Janz of Point 9 Capital says.

By Robert Freedman • April 23, 2021

SPAC market during Q1 showed 'explosive growth': Duff & Phelps

The SPAC market boomed during the first quarter of 2021, Duff & Phelps said, noting that SPAC warrants this month have come under regulatory scrutiny.

By Jim Tyson • April 23, 2021

Businesses can only expect limited boost from stimulus checks: Fed study

Households have channeled federal stimulus checks primarily towards savings or reducing debt, giving businesses just a limited lift from consumer spending, according to the Fed.

By Jim Tyson • April 22, 2021

Rising number of IRS corporate audits end in 'no change': tax expert

Companies have outgunned IRS auditors with high-paid accountants and attorneys, pushing up the number of audits that result in no change to tax filings, tax experts say.

By Jim Tyson • April 20, 2021

Democrats, Republicans finalizing draft LIBOR bill, pledging cooperation

The legislative effort to smooth the phase-out of LIBOR will test whether the two parties can cooperate in heeding warnings from regulators of systemic risk.

By Jim Tyson • April 19, 2021

Senate confirms Gensler to lead SEC in 53-45 vote

While leading the Biden administration’s watchdog of Wall Street, Gensler is expected to toughen aspects of oversight that were eased during the Trump administration.

By Jim Tyson • April 14, 2021

M&A supports buyers' stock price performance during Q1, study finds

Dealmaking paid off for acquiring firms, boosting their stock prices to a record first-quarter performance, a Willis Towers Watson study found.

By Jim Tyson • April 13, 2021

SEC in 'risk alert' warns that some ESG funds may mislead investors

The SEC found that some investment companies may have made misleading statements on ESG investing processes and adherence to ESG frameworks.

By Jim Tyson • April 12, 2021

Private credit markets poised to rebound: survey

Private credit dealmakers foresee a market resurgence in 2021 following the pandemic-induced setback last year, according to a survey by Katten.

By Jim Tyson • April 09, 2021

Most companies will likely link executive pay to environmental targets: ING survey

Spurred on by the pandemic, most companies are accelerating their “green transformation” and plan to tie executive pay to environmental goals, ING said in an ESG survey.

By Jim Tyson • April 07, 2021

Yellen urges global policymakers not to withdraw stimulus too quickly

The lesson of the last financial crisis is to keep supporting the global recovery, the Treasury secretary said at the opening of a global economic meeting. 

By Jim Tyson • April 06, 2021

Yellen pushes for global minimum corporate tax rate

Yellen deplores “a 30-year race to the bottom” in taxation and says a global minimum corporate tax rate would help bolster U.S. competitiveness.

By Jim Tyson • April 05, 2021