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.
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 …
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%.
Scammers siphon $25M from engineering firm Arup via AI ... - CFO …
WEBMay 17, 2024 · Dive Brief: 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 from Arup’s CFO — based in the U ...
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.
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 ...
CPAs eyeing the CFO seat must hone tech, ‘soft’ skills: PICPA
WEBAug 30, 2024 · In a recent report, the PICPA surveyed over 320 hiring executives — including CEOs, chief human resource officers and executive recruiters — on the skills or general competencies which most matter when looking to fill the CFO role, as well as steps today’s CPAs can take to grow those skills. The PICPA is the largest CPA organization in Pennsylvania, with more than 20,000 members ...
Citigroup is actively investing to improve automation, says CFO
WEBJul 18, 2022 · Citigroup’s technology spend shot up 14% this quarter as the bank continues its “transformation” plans, moving forward with several key initiatives designed to bolster automation, improve its data governance and organization and make capital planning more agile, CFO Mark Mason said July 15, during the bank’s second quarter earnings call.
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.