Moody’s report spotlights FedNow downside

Given payments will move more quickly, the new system could increase the possibility of bank runs, Moody’s said.

By Lynne Marek • July 5, 2023

Sustainability can boost bottom line: Brand Finance

Companies that fail to live up to consumers’ perceptions of their ESG performance put hundreds of millions in value at risk, according to Brand Finance.

By Jim Tyson • June 30, 2023

Explore the Trendline➔

CFO best practices in the evolving generative AI era

As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

By CFO Dive staff

FASB tees up loan loss fix

The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.

By Maura Webber Sadovi • June 29, 2023

Volvo ends CFO hunt with Sandvik alum

Volvo picked industry veteran Mats Backman for its CFO as the automaker grapples with new technology affecting its businesses along with lingering supply chain and inflationary challenges.

By Grace Noto • June 29, 2023

Insufficient staff, outdated processes expose firms to risk: survey

Only 37% of surveyed respondents believe that their organizations have sufficient staffing to properly run compliance programs and internal controls, FloQast found in a recent survey.

By Elizabeth Flood • June 28, 2023

Harley-Davidson picks insider for CFO

Jonathan Root is taking the Milwaukee, Wisconsin-based company’s finance reins amid a slump in sales of its iconic motorcycles. 

By Maura Webber Sadovi • June 28, 2023

ESG standard setter releases global reporting rules

The global effort to harmonize rules for corporate sustainability reporting will now focus on rallying adoption of its voluntary standards in dozens of jurisdictions worldwide.

By Jim Tyson • June 27, 2023

Amex promotes deputy to CFO

When long-time American Express CFO Jeff Campbell exits in August, the company’s deputy CFO, Christophe Le Caillec, will take the top financial post.

By Caitlin Mullen • June 27, 2023

COVID tax claims add to IRS backlog

While IRS return-processing backlogs persist, a report found evidence that the outlook is brightening when it comes to the responsiveness that CFOs and tax preparers can expect.

By Maura Webber Sadovi • June 23, 2023

Overstock wins Bed Bath & Beyond IP at auction with $21.5M bid

The bid gives Overstock ownership of Bed Bath & Beyond’s internet properties, social media, mobile platforms, business data, publicity rights and trademarks.

By Nate Delesline III • June 22, 2023

Judge delays hearing on suits piling up against SVB, execs

Just over three months after SVB Financial Group was closed by regulators, at least four proposed class actions have been filed against the firm and its former top executives.

By Maura Webber Sadovi • June 21, 2023

FedEx launches search to replace retiring CFO

The package delivery giant said it has begun a search for a new finance chief who combines “deep financial expertise with strong operational capabilities.”

By Alexei Alexis • June 21, 2023

How Infinera’s CFO practices what she preaches

CFO Nancy Erba dishes on how she strives to lead by example when it comes to women in the workplace.

By Elizabeth Flood • June 21, 2023

Unisys CFO targets revenue growth

A strong CFO-CEO relationship will be critical as technology solutions firm Unisys gears up to take advantage of the $1 trillion IT solutions market opportunity, CFO Debra McCann said.

By Grace Noto • June 20, 2023

Carlyle Group promotes insider to CFO seat

Following longtime CFO Curt Buser’s decision to retire, the global investment firm has appointed a company veteran and Goldman Sachs alum to the financial helm.

By Elizabeth Flood • June 20, 2023

Kroger execs still feel inflation’s pinch, glimpse relief

The grocery giant is still grappling with rising prices as well as the end of pandemic-era food benefits that is constraining budgets of many lower-income customers.

By Maura Webber Sadovi • June 15, 2023

Microsoft beefs up AI-powered business automation tools

The enhancements include new features aimed at helping managers, including in finance departments, reduce time spent on task planning and risk assessments, according to a blog post.

By Alexei Alexis • June 15, 2023

Five Below poaches McDonalds alum for CFO

The extreme-budget retailer is reshuffling its C-suite, with Ken Bull’s promotion to COO and Kristy Chipman’s appointment to CFO.

By Elizabeth Flood • June 15, 2023

Citi CFO says tech initiatives will drive 5K job cuts this year

The bank has cut 1,600 jobs in the second quarter and expects a $300 million to $400 million uptick in expenses largely because of the severance costs, CFO Mark Mason said Wednesday.

By Suman Bhattacharyya • June 15, 2023

Wells Fargo CFO warns of commercial real estate weakness

Wells Fargo CFO Michael P. Santomassimo is the latest big bank executive to detail commercial real estate distress and its potential impact on lenders.

By Maura Webber Sadovi • June 14, 2023

Chico’s promotes senior finance exec to CFO seat

As Patrick Guido moves on to “another opportunity,” former interim CFO and current chief accounting officer David Oliver takes the financial helm.

By Elizabeth Flood • June 13, 2023

Singapore Airlines promotes insider to CFO amid C-suite shakeup

After his work with the Air India merger, CFO Tan Kai Ping is leaving his post as CFO to take on the role of chief operating officer.

By Elizabeth Flood • June 12, 2023

Using a human-centric lens to reevaluate your real estate portfolio

To support their people in a meaningful way, companies need to think about space with both cost savings and human centricity in mind.

June 12, 2023

IRS waives penalty tied to new 15% corporate minimum tax

Companies have an extra year to determine their liability under the complex minimum tax signed into law last year.

By Jim Tyson • June 8, 2023

Strong demand helps Brown-Forman thwart high materials costs

The company’s CFO touts demand for high-end spirits products and the return of pre-pandemic travel that helped boost profit 36% year over year.

By Suman Bhattacharyya • June 8, 2023