Financial News and Analysis | CFO Dive
WEBArtificial intelligence may boost profit margins 2% over next five years: BofA. “Investors frequently overestimate the magnitude of tech disruption in the near term and underestimate it over the longer term,” Bank of America said. CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance ...
Dark web exposure is ‘highly correlated’ with cyberattack risk
WEBSep 24, 2024 — The research found that dark web intelligence is “highly correlated” with forthcoming cyber incidents, as well as cyber insurance loss frequency. “The first step has to be to gain visibility into your exposure on the dark web,” the report said. “Understanding where the organization is vulnerable is critical for informing defense and ...
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 ...
Powell says ‘time has come’ for rate cut, cites ... - CFO Dive
WEBAug 23, 2024 — Dive Brief: Federal Reserve Chair Jerome Powell signaled the central bank’s intent to trim borrowing costs at its September meeting, noting cooling in the labor market and progress in curbing inflation to the Fed’s 2% target. “The time has come for policy to adjust,” Powell said Friday, suggesting that policymakers will reduce the ...
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.
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 …
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.
The CFO Dive Awards for 2020
WEBDec 9, 2020 — The CFO Dive Awards for 2020. In a year where companies and their finance leaders had to weather unprecedented crises, the following awardees stood out for their bold leadership. Published Dec. 9, 2020. By CFO Dive Team. Yujin Kim/CFO Dive.
4 CFO lessons from the pandemic - CFO Dive
WEBMar 26, 2021 — CFO best practices: Biggest lessons for 2024. 1. Ensure business continuity with forward-looking risk management. Even before the coronavirus outbreak, financial executives faced a rising number of external threats — cyberattacks, extreme weather, political instability and tariff wars to name a few. Their risk dashboards lit up when the ...
Financial Reporting News - CFO Dive
WEB6 days ago — Dollar General CFO cites inflation, cost pressures as shares slump. “The customer will continue to feel financial pressure for the duration of the year,” CFO Kelly Dilts said on the company’s second quarter earnings call. By Suman Bhattacharyya • Aug. 30, 2024. The latest financial reporting news for CFOs.