Treasury: Page 32
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Yellen warns of 'enormous' harm from U.S. debt default
Treasury Secretary Janet Yellen told Congress the U.S. will be unable to pay its bills on Oct. 18 unless lawmakers increase the federal debt limit.
By Jim Tyson • Sept. 28, 2021 -
Alex Wong via Getty Images
Business forecasters see inflation heating up to 5.1%
Rapid price gains will persist through 2021 but slow next year in line with Federal Reserve projections, according to a panel of economists.
By Jim Tyson • Sept. 27, 2021 -
Secure credit relationship before easy money goes away
If inflation persists, companies with limited financing options could find doors closed if they put off lender outreach, loan specialist says.
By Robert Freedman • Sept. 27, 2021 -
Stefani Reynolds / Stringer via Getty Images
Corporate borrowing costs would soar in U.S. debt default: Moody's
Partisan wrangling over the debt ceiling in coming days will probably slow investment, hiring and lending, according to Moody’s Analytics.
By Jim Tyson • Sept. 22, 2021 -
Alex Wong via Getty Images
Gensler warns no extension coming to LIBOR's end on Dec. 31
Some institutions will wait until the last minute to switch from LIBOR to a new reference rate, SEC Chair Gary Gensler predicted, leading to some “choppy” trading toward the end of 2021.
By Jim Tyson • Sept. 21, 2021 -
Mark Wilson via Getty Images
Inflation worries loom large during company earnings calls
CFOs face persistent challenges from inflation as Federal Reserve policy-makers meet to discuss the future for record stimulus.
By Jim Tyson • Sept. 20, 2021 -
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Corporate credit rebounds from record slump: Fitch
Conservative financial decisions, along with record monetary and fiscal stimulus, have brightened many companies' credit outlook, the rating agency said.
By Jim Tyson • Sept. 17, 2021 -
Alex Wong via Getty Images
Gensler backs tougher disclosure rules for SPACs
The SEC chair is concerned that investors are bearing the cost of dilution built into the SPAC structure, and in effect subsidizing the companies they bring public.
By Jim Tyson • Sept. 9, 2021 -
Zach Gibson via Getty Images
Biden plan to close 'tax gap' overstates payoff: CBO estimate
CBO analysis suggests the Biden administration may be exaggerating the gains from its plan to boost the IRS budget to thwart corporate and individual tax cheats.
By Jim Tyson • Sept. 7, 2021 -
Chip Somodevilla via Getty Images
SPAC IPOs plunged 87% during Q2 amid tougher SEC scrutiny
The SPAC market falters as regulators raise concerns about spotty disclosures and weak investor protections. New litigation has also raised questions.
By Jim Tyson • Sept. 2, 2021 -
Alex Wong via Getty Images
SEC panel weighs stricter SPAC disclosures, citing conflicts of interest
An SEC advisory committee says SPACs benefit sponsors and target companies while putting investors at risk.
By Jim Tyson • Aug. 27, 2021 -
Business economists, citing inflation, say Fed policy is too stimulative: NABE
Despite Fed assurances, inflation persists as a core concern of business economists, and most NABE survey respondents favor tighter monetary policy by the end of next year.
By Jim Tyson • Aug. 24, 2021 -
Dan Kitwood via Getty Images
SOFR gains but still has far to go as LIBOR replacement: analysts
The availability of a forward-looking term rate for the Fed’s preferred LIBOR replacement will boost acceptance, but the LIBOR phase-out still has far to go.
By Jim Tyson • Aug. 18, 2021 -
Opinion
Crypto challenges shine light on CFOs' fiat currency management
Finance leaders have reason to avoid the volatility of alt coins but their lack of visibility into currency exposure could be leaving them vulnerable to a similar risk with some fiat currencies.
By Bob Stark • Aug. 18, 2021 -
Fintechs handled higher rate of suspicious PPP loans: study
Fintech and traditional lenders both started the program with suspicious loan rates of around 10%, but fintechs' suspicious loan rates grew to 40% when PPP ended, University of Texas, Austin, researchers found.
By Anna Hrushka • Aug. 17, 2021 -
Chip Somodevilla via Getty Images
Nasdaq diversity rule is 'credit positive' for companies: Moody's
Nasdaq will likely improve the credit outlook for its listed companies with a diversity standard that will increase disclosure and enable investors to more accurately compare companies, Moody’s Investors Service said.
By Jim Tyson • Aug. 12, 2021 -
Carol Highsmith. (2005). "Apex Bldg." [Photo]. Retrieved from Wikimedia Commons.
FTC unable to keep up with 'surge' in merger filings
The Federal Trade Commission said it “has been hit by a tidal wave of merger filings” and can’t complete reviews within the statutory period.
By Jim Tyson • Aug. 4, 2021 -
Chip Somodevilla via Getty Images
Fed risks letting 'inflation genie' out of bottle: CRS
The Federal Reserve may wait too long and attempt to slow inflation after it “has become embedded in people’s expectations,” the Congressional Research Service said.
By Jim Tyson • Aug. 3, 2021 -
Alex Wong via Getty Images
SEC may require climate risk disclosures in expanded 10-Ks: Gensler
SEC Chair Gary Gensler says a company, when filing mandatory climate risk disclosures, may need to measure carbon emissions across its “value chain.”
By Jim Tyson • July 28, 2021 -
Companies flush with capitalization options
A heady environment for both public and private investment is on track to continue, according to a KPMG analysis.
By Robert Freedman • July 22, 2021 -
Justin Sullivan via Getty Images
Companies plan bigger pay raises in 2022, survey finds
"The war for talent is pretty significant," says Adrienne Altman of Willis Towers Watson, whose survey shows companies plan to raise pay next year more than in 2021.
By Jim Tyson • July 20, 2021 -
Justin Sullivan via Getty Images
SPAC deals will rebound for remainder of 2021: EY
After a second-quarter slump, the SPAC market will rebound in the second half of 2021 as deal-makers adjust to tougher regulatory scrutiny, EY said.
By Jim Tyson • July 19, 2021 -
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 -
Getty Images
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 -
Adeline Kon/CFO Dive
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
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