Financial News and Analysis | CFO Dive
Flagstar makes 2nd CFO change this year Lee Smith, the bank’s president of mortgage, will take over as chief financial officer Dec. 27, as Craig Gifford pursues “personal endeavors outside of banking,” Flagstar said.
Macy’s says accountant hid as much as $154M in expenses
Nov 25, 2024 · Dive Brief: A Macy’s accountant intentionally hid as much as $154 million in expenses from the fourth quarter of 2021 through the fiscal quarter ended Nov. 2, 2024, the company said Monday, flagging the flawed bookkeeping just days before the marquis retailing day known as Black Friday.
Most CEOs expect full return-to-office in 3 years: KPMG
Sep 20, 2024 · Dive Brief: A majority (83%) of CEOs surveyed globally predict that companies will shift to require a “full” return of employees to in-office work in the next three years, an increase from 64% the prior year, KPMG said, reporting on the findings of a survey of 1,300 chief executives conducted in July and August.; The report also revealed a generational divide in the executives’ sentiment ...
Zoom rebrands, aims to be known as ‘AI-first’ company
Nov 26, 2024 · Dive Insight: Zoom is among a number of major tech vendors that are rapidly incorporating AI into their offerings. Last month, Zoom introduced Zoom AI Companion 2.0, describing it as “ the next generation of the company’s AI assistant that can surface important information, prioritize what matters most, and turn interactions across Zoom Workplace into action to help users get more done ...
Intel CFO: Core business strategy remains ‘intact’ after CEO exit
Dec 5, 2024 · Dive Insight: A long-time veteran of the Santa Clara, Calif.-based chipmaker, Gelsinger’s retirement from Intel followed after the company posted a $16.6 billion loss for its Q3 — a record quarterly loss for the company. His departure came as the ex-CEO was in the midst of attempting to execute a turnaround plan aimed at cutting costs by $10 billion, a strategy which would include laying ...
KPMG backs 120-credit hour alternative CPA licensure option
Oct 9, 2024 · Dive Insight: KPMG’s full-throated support for alternative paths to CPA licensure comes roughly a month after t he American Institute of CPAs shifted to officially move ahead with adding more paths and flexibility to licensure in order to tackle the accounting talent shortage.. The accounting association had previously raised objections to cutting the hourly credit requirement, citing ...
How Trump 2.0 could revamp tax policy | CFO Dive
Nov 15, 2024 · Then too Trump also garnered businesses’ close attention with his proposal to impose a baseline 10%-20% tariff on all U.S. imports, as well as a 60% tariff on those from China and floated lowering the corporate income tax rate to 20% from 21% or to 15% for companies that make their products in the U.S, according to the Tax Foundation. Meanwhile businesses are also wrestling with how and ...
S&P Global swipes State Street CFO for finance chief
Oct 15, 2024 · Dive Brief: Credit ratings firm S&P Global announced State Street CFO Eric Aboaf will be joining the New York-based company as its CFO, with the appointment expected to be effective in February 2025 or “and in no event later than March 25, 2025,” according to a Tuesday securities filing.; Aboaf, 60, will remain with State Street Corporation through the filing of the financial services ...
2025 financial conference roundup - CFO Dive
Oct 1, 2024 · As 2024 winds to a close, many finance chiefs are turning their attention to preparing for the new year. With CFOs looking to ensure they can start 2025 off on a strong note, connecting with other financial leaders, C-suite executives, and industry professionals is a must — especially as finance chiefs take more and more responsibility for driving finance digital transformation and their ...
Economists predict above-trend economic growth in 2025: …
Nov 14, 2024 · Dive Brief: T he U.S. economy next year will probably expand 2.1%, chugging forward with sustained growth above its expected long-term trend, according to economists surveyed by Wolters Kluwer.; Economists at companies ranging from Goldman Sachs to Ford Motor and KPMG to Wells Fargo marked up their growth estimates by 0.1 percentage point and see only a 27% probability of recession in the next ...