Treasury: Page 30
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Borrowing costs drop for even riskier companies
Investors are accepting declining yields as they look for Treasury bond alternatives.
By Robert Freedman • July 16, 2021 -
3 CFO tips for curbing a pandemic surge in bad debts: Gartner
Bad debt rose during the pandemic, but companies using sharper customer analysis can identify those firms that can pay and choose not to, Gartner says.
By Jim Tyson • July 9, 2021 -
Risk management rises to No. 1 accounting priority during pandemic: ACCA
The coronavirus has compelled accountants to focus more on risk management than ever while highlighting the need to address climate change and other hazards, the Association of Chartered Certified Accountants said.
By Jim Tyson • July 8, 2021 -
Business loans 'especially slow' to transition from LIBOR, posing risks: FSB
U.S. securitizations and business loans need to speed the switch to LIBOR alternatives, the Financial Stability Board said, warning of financial instability.
By Jim Tyson • July 7, 2021 -
M&A hit record high during first half 2021: Refinitiv
Deal-making in the U.S. and worldwide rose to unprecedented highs during the first six months of 2021 as buyers took advantage of record-low interest rates, Refinitiv said.
By Jim Tyson • July 6, 2021 -
U.S. gains support for 15% minimum global corporate tax from 130 countries
A 15% minimum global corporate tax will discourage companies from locating headquarters in the lowest-tax nations, according to Treasury Secretary Janet Yellen.
By Jim Tyson • July 2, 2021 -
Inflation to persist above 3% into 2022 as demand exceeds supply: Furman
Rising demand will confront supply bottlenecks and weak labor participation, fueling inflation in the months ahead, former White House economist Jason Furman said.
By Jim Tyson • July 2, 2021 -
Getting EBITDA and free cash flow right in credit deals
These non-standardized measures are important, but because they mean different things to different people, they should be used carefully in credit raises and other contexts.
By Robert Freedman • June 30, 2021 -
Market volatility may rise on absence of clear LIBOR alternative: Fitch
A plan to wind down the use of LIBOR at the end of 2021 may lead to market instability because several reference rates are “vying” to become its successor, Fitch Ratings said.
By Jim Tyson • June 30, 2021 -
SPACs will rebound in wake of tougher oversight: Duff & Phelps
Stricter regulation will likely bolster investor confidence and spur a resurgence in SPACs, Duff & Phelps said.
By Jim Tyson • June 25, 2021 -
Gensler says alternative to LIBOR poses risk of manipulation
SEC Chair Gary Gensler warned of risks in replacing LIBOR with the Bloomberg Short Term Bank Yield Index.
By Jim Tyson • June 23, 2021 -
Loan default rate forecast falls as economy emerges from pandemic: Fitch
The receding pandemic and brighter prospects for some troubled sectors prompted an improved outlook for the default rate for leveraged loans, Fitch Ratings said.
By Jim Tyson • June 22, 2021 -
Whistleblower plan to catch corporate tax cheats gets bipartisan push
Republican and Democratic senators seek to narrow the $630 billion annual tax gap by putting teeth into the IRS whistleblower program.
By Jim Tyson • June 18, 2021 -
Fed forecasts higher inflation while sustaining record stimulus
Federal Reserve officials increased their forecasts for inflation while holding the benchmark rate at a record low and pushing forward with monthly bond purchases.
By Jim Tyson • June 16, 2021 -
LIBOR regulators warn of risks of using rates other than SOFR
Regulators urged companies to replace LIBOR with SOFR, warning that other alternative reference rates pose risks of financial instability.
By Jim Tyson • June 14, 2021 -
Surging inflation may herald start of long-term price trend, economists say
Long-term forces, such as aging populations and a pullback in globalization, will likely stoke inflation for decades, reversing a trend of slow price gains, economists say.
By Jim Tyson • June 10, 2021 -
Companies get more options in private credit market
The industry showed resilience in the pandemic by helping borrowers renegotiate loan terms.
By Robert Freedman • June 10, 2021 -
Regulator calls for sunsetting LIBOR in some interest rate swaps in July
A Commodity Futures Trading Commission subcommittee urges a switch in interdealer trading of interest rate swaps from LIBOR to SOFR on July 26.
By Jim Tyson • June 9, 2021 -
Opinion
3 strategies to create a cash culture
An estimated $2.5 trillion is tied up in working capital at companies across Europe and the United States. Freeing up that cash could help CFOs reach strategic capital allocation goals.
By Peter Kingma • June 9, 2021 -
SPAC lawsuits surge over disclosure claims: attorney
Securities and Exchange Commission guidance on SPAC disclosures has spurred a rise in litigation in New York State courts — almost 40 in the past six months.
By Jim Tyson • June 8, 2021 -
Fed selling of corporate bonds may cause debt issuance 'hiccups': Moody's
A Federal Reserve plan to sell corporate bonds and wind down an emergency credit program won’t significantly alter valuations but signals a change in sentiment, Moody’s Analytics said.
By Jim Tyson • June 4, 2021 -
AbbVie used 2017 law to lower taxes to 9.5% from 20%: investigation
The Senate Finance Committee announced an investigation into the pharmaceutical company's global tax practices as Biden pushed a broad effort to boost corporate tax revenue.
By Jim Tyson • June 3, 2021 -
Deep Dive
5 CFO tips for limiting harm from inflation
Amid signs of rising inflation, economists and financial executives suggest ways that CFOs can buffer against the damage from unstable prices.
By Jim Tyson • June 2, 2021 -
Nearly 40% of large companies pose biodiversity threat: Moody's ESG study
A Moody’s study aimed at measuring “biodiversity risks” in investment and lending portfolios found that 38% of 5,300 global companies operate at least one facility causing loss of habitat.
By Jim Tyson • May 28, 2021 -
Gensler pledges tough SEC scrutiny of SPACs, warning of fraud risk
The SEC will “closely look” at each stage of SPAC financing to ensure adequate investor safeguards, Chair Gary Gensler said in congressional testimony.
By Jim Tyson • May 27, 2021