Tue.Mar 14, 2023

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Silicon Valley Bank investors sue collapsed firm’s CEO, CFO

CFO Dive

The proposed class action alleges the failed bank, CEO Greg Becker and CFO Daniel Beck concealed from investors the impact that high interest rates would have on the tech-focused firm’s business.

CFO 130
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Silicon Valley Bank collapse brings governance risks into the spotlight

CFO News

How did the risk management committee at the US bank not see the collapse coming, wonder Indian experts while also questioning the role of the auditors.

Banking 105
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Trending Sources

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Former CFO sentenced in $1.9M embezzlement scheme

CFO Dive

The California man carried out a four-year embezzlement scheme in multiple ways, including by using company credit cards to pay for over $750,000 in personal expenses, according to federal prosecutors.

CFO 283
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U.S. inflation increased 0.4% in February; annual rate falls to 6.0%

Tips Watch

By David Enna, Tipswatch.com I am writing this posting after just arriving in Zadar, Croatia. My time is short, so I will need to be brief this month. The Consumer Price Index for All Urban Consumers rose 0.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Core inflation rises, challenging Fed amid banking instability

CFO Dive

Even as high inflation persists, the failure of Silicon Valley Bank and Signature Bank has undercut expectations that the Fed will step up the pace of monetary tightening.

Banking 261

More Trending

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After SVB, cash is once again king, ex-CFO says

CFO Dive

With steady CFO leadership now paramount, finance leaders should prioritize cash and keep open their lines of communication with shareholders and employees.

CFO 259
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The Power of Accurate Personnel Planning in Times of Uncertainty

Centage

The ongoing economic uncertainty continues to pose a serious challenge for CEOs and financial leaders. And one of the most significant obstacles is finding ways to do more with less. As companies slash budgets, finance teams need to find ways of making the company’s cash go further while accomplishing the same goals with fewer resources. If companies want to succeed, they need to craft their personnel planning with care, ensuring their choices hold up to close scrutiny from upper management and

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SVB failure could cloud CFOs’ sunnier outlook

CFO Dive

CFOs are cautiously optimistic for 2023, according to Deloitte’s latest CFO signals survey, but the swift downfall of SVB could test that.

CFO 258
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Apollo eyes Silicon Valley Bank assets as suitors circle $73.6-billion loan book

CFO News

Apollo, one of the world’s largest alternative asset managers, is among other investors looking to buy pieces of Silicon Valley Bank.

Banking 98
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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Bank failure panic fuels moment of opportunity for threat actors

CFO Dive

As regulators step in to operate Silicon Valley Bank, threat hunters and security executives warned organizations to look out for malicious activity, highlighting finance employees as especially vulnerable.

Banking 130
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Ehsaan Moosa on load shedding and market volatility

CFO Talks

Written by Leigh Schaller “Growing up in my dad’s business, accounting was natural for me. In high school, I always received the accounting awards. It was a natural progression into the accounting industry,” Ehsaan Moosa, told the CFOClub podcast. Moosa hasn’t stopped achieving, and is the Financial Director of Komatsu Africa Holdings. He recently shared with CFOClub the knock on effects of load shedding.

IFRS 98
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Signature Bank CFO among those named in investor lawsuit

CFO Dive

A proposed class-action complaint claims the bank and its leaders misled investors about Signature Bank’s financial standing.

Banking 130
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Moody's changes outlook on U.S. banking system to 'negative' after SVB collapse

CFO News

Bank runs at Silicon Valley Bank, Silvergate Capital Corp and Signature Bank have deteriorated the operating environment for the sector that is now battling a crisis of confidence, both from investors and depositors, the ratings agency said.

Banking 98
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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Automation transformation: How you can do it right

Future CFO

Most automation transformation of organisations fall short, despite the fact that efforts like workforce augmentation across industries has reduced costs by as much as 30%, said Bain recently when releasing its new report titled “Automation’s Ultimate Goal: The Augmented Workforce”. Automation, AI , and the rise of the augmented workforce should lead executives to think differently about the value their employees contribute; and yet, according to Bain, few companies are taking a fully strategic

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India Inc's dealmaking value falls 60% in February: Grant Thornton

CFO News

This also marked the second-lowest deal volumes and lowest values recorded since 2014, as per the tracker.

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How Data Brokerage Hits You Financially

Financial Analyst Insider

Are you familiar with the concept of data brokerage? This industry has been around in some guise for decades, though the digital revolution has seen The post How Data Brokerage Hits You Financially appeared first on Financial Analyst Insider.

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Reliance Retail, other top brands eye ‘Value’ space after Zudio’s succes

CFO News

While Reliance Retail is planning to launch a value apparel format, likely to be named ‘Youth’ to compete directly with Tata’s Zudio and Landmark group-owned Max, Shoppers Stop is coming up with a mass-priced brand, internally called InTune, people in the know said.

Retail 52
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: DocuSign, Citigroup, Adobe & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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India seen to sail towards record goods exports this FY amid turbulent waters

CFO News

The Export-Import Bank of India, or India Exim Bank, pegs India’s merchandise exports for January-March at $110.9 billion, leading to record exports of $447.3 billion for the full year. However, the bets of record numbers come despite the fact that tightening of global financial conditions and persistent geopolitical woes continue to be a a major hindrance, which is already reflected in weak manufacturing exports.

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The Fed is Done

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Silicon Valley Humiliated – Sit down, be humble. Maybe less tweets. ►What Now for Banks? – “Interest rates on bank deposits have lagged the Fed” ►Orange County – Fed was finished once O.

Finance 52
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Synchronized Tech + Ops actions for NextGen Transformation

CFO News

Companies are now getting ready for V2.0 of their transformation. Many companies have outgrown earlier ERP implementation and are getting ready for upgrade, like moving from SAP ECC to SAP S4Hana.

SAP 52
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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Online Data Analytics Boot Camps and Skills You Can Learn from Them

Financial Analyst Insider

Data analytics has grown in popularity as a career skill in recent years. Organizations across all industries are leveraging data to make informed decisions, and The post Online Data Analytics Boot Camps and Skills You Can Learn from Them appeared first on Financial Analyst Insider.

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CCI clears Reliance's $344 million buy of Metro's local business

CFO News

The deal, announced nearly three months ago, will help Reliance strengthen its wholesale format and cement its position as the biggest player in India's burgeoning retail industry with stores spanning electronics, groceries and fashion.

Retail 52
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#FA Success Ep 324: Managing Revenue And Income Volatility Through The Scaling Phase Of Growth, With Nancy Knous

Nerd's Eye View

Welcome back to the 324th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Nancy Knous. Nancy is the CEO and Founder for Benchmark Wealth Management, an independent RIA affiliated with LPL Financial based in Memphis, Tennessee, that oversees nearly $340 million in assets under management for almost 1000 client households.

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RBI should pause rate hikes: SBI research

CFO News

"We need to ensure there is an end to this rate hike cycle and that should be data-dependent, otherwise at some point of time, this could hurt India's economic recovery," SBI group chief economic adviser Soumya Kanti Ghosh said.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.