Financial News and Analysis | CFO Dive
WEBThere is a “widening gap” between how executives and employees think about their workplace environments that needs to be taken into account, the report warned. Strategy & Operations. More stories. CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
Financial Leadership News - CFO Dive
WEBSep 26, 2024 · The latest financial leadership news for CFOs. EPA issues violation notice to ADM over carbon sequestration permit The violation relates to corrosion in a monitoring well at the agricultural supply chain company’s second injection site that has since been plugged and did not affect surface or groundwater, ADM said in a statement.
Truist pushes ambitious reorganization in $750M cost-cutting plan
WEBNov 6, 2023 · Truist announced its plan to realize $750 million in cost savings over 12 to 18 months during the Barclays Global Financial Services Conference in September. At the time, CEO Bill Rogers said the company would make “sizable reductions” to its workforce over the next three quarters centered around a restructuring that included consolidated ...
Costco CFO targets lower prices amid ‘effectively flat’ inflation
WEBSep 27, 2024 · In general, Costco tends to price lower than competitors because it sells products in bulk quantities and controls costs, Rohr said in an email response to CFO Dive questions. For example, its selling, general and administrative expenses are about 9% of sales, whereas that ratio for such companies as Walmart and Target is about 20%.
SVB shareholder suit cites KPMG’s ‘silent’ audit | CFO Dive
WEBApr 10, 2023 · The new SVB shareholder lawsuit shines a light on KPMG’s February audit that effectively gave the bank a clean bill of health about two weeks before its collapse. Published April 10, 2023. Maura Webber Sadovi Senior Editor. People line up outside of a Silicon Valley Bank office on March 13, 2023 in Santa Clara, California.
Scammers siphon $25M from engineering firm Arup via AI ... - CFO …
WEBMay 17, 2024 · British engineering group Arup lost approximately $25 million after scammers used AI-manipulated “deepfakes” to falsely pose as the group’s CFO and request transfers from an employee to bank accounts in Hong Kong, according to a report by the Financial Times. According to Hong Kong police, a staff member received a message claiming to be ...
Minnesota CPAs eye 2025 after 120-hour bill stalls | CFO Dive
WEBJul 30, 2024 · As it stood this year, the bill in the legislature provided two paths to becoming a CPA. The new alternative would require 120 hours of college course credit (roughly the equivalent of four years of college) and two years of work experience, and the other requires 150 hours (effectively five years of college) and one year of work experience, he ...
Treasury News - CFO Dive
WEBSep 13, 2024 · The latest treasury news for CFOs. EWA providers crusade against CFPB rule proposal Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.
KPMG cuts about 1,900 more US jobs - CFO Dive
WEBJun 27, 2023 · New York-based KPMG U.S. is laying off about 1,950 employees — roughly 5% of its 39,000-person workforce — with cuts extending across all of its businesses, including tax, auditing, and advisory services, according to company spokesperson Russ Grote. The layoffs follow an earlier round in February in …
Credit Suisse appoints new CFO in executive shuffle
WEBAug 22, 2022 · Dixit Joshi, a previous Credit Suisse alum, is rejoining the company at the finance helm after an almost two- decade long hiatus, the company announced. Joshi will take over as CFO effective Oct. 1. The new finance chief is taking over for David Mathers who is exiting the company after serving 11 years in …