Sat.Mar 11, 2023 - Fri.Mar 17, 2023

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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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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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SVB could be biggest story for CFOs since COVID-19

CFO Dive

The CFO Leadership Council held an emergency meeting on the Silicon Valley Bank crisis Friday. Meanwhile, some finance leaders are now bracing for broader ripple effects.

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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
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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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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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The Future Of Advisor Platforms: Reducing Overhead Costs With Services (Not Technology)

Nerd's Eye View

For the past several decades, platforms for advisors have differentiated with the quality of their technology. The focus on ‘tech’ was a natural evolution for advisor platforms away from their roots – which was originally to differentiate by the quality of their proprietary product shelf, the primary means that brokerage firms and insurance companies attracted advisors to them in the 1960s, 70s, and 80s.

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Top.

The Reformed Broker

I feel pretty confident in making this call, and I don’t make market calls very often: We have seen the top for 2-year Treasury yields. It’s not going any higher than it’s been because there’s no reason for it to. Financial conditions are now contracting hard due in part to the events of this week but also because monetary policy operates on a lag – and the first Fed Funds hike of the cycle.

Treasury 144
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Déjà Vu? 2023 is Not 2008

Barry Ritholtz

Depositors heaved a sigh of relief when news broke Sunday that the Federal Deposit Insurance Corporation was going to make whole all of the accounts held at Silicon Valley Bank. Having full access to bank accounts meant those tech start-ups that make up much of SVB’s depositors would be able to make their weekly payrolls. They were the lucky ones: SVB’s equity investors were wiped out and senior bank management was fired.

Treasury 136
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KPMG’s 29-year SVB stint stirs independence debate

CFO Dive

The bank’s failure — two weeks after it effectively got a clean bill of financial health — is reigniting some concerns that cozy client-auditor ties may jeopardize audit rigor.

Auditing 274
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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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Get the Most Out of Your Direct-to-Consumer Model with ERP

Navigator SAP

The advent of the direct-to-consumer (DTC) business model meant that companies no longer needed to rely on third-party retailers or platforms. DTC has many benefits, chief among them being higher profits. There is no middleman to split the earnings with since the customer gets the product directly from you.

Retail 130
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SVB Deposits Saved, But Is It A Bailout?

Global Finance

The FDIC’s sudden takeover of both Silicon Valley Bank and Signature Bank casts a shadow, no matter what you call it.

Banking 128
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10 Wednesday AM Reads

Barry Ritholtz

Programming note: Morning Reads will be in Dallas Thursday and Friday — we will be back on the weekend… My mid-week morning train reads: • Dissecting Goldman’s gory $2.25bn SVB equity issue Well that escalated quickly. ( Financial Times ) • Whose Fault is it Anyway : It has been 872 days since a bank failed in the United States. This was the longest streak on record.

Banking 119
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Nearly one-third of CFOs to diversify deposits across banks: study

CFO Dive

CFOs are looking to take immediate action to assess the risk and exposure to their businesses following recent bank failures.

Banking 274
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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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The Ultimate Guide to Choosing the Best ERP for Finance

Navigator SAP

Over the past few decades, enterprise resource planning (ERP) systems have become indispensable tools for modern companies. An ERP solution such as SAP S/4 HANA Cloud Public Edition ensures that a company's financial and operational data are stored in a centralized database and that employees have the data they need to make informed decisions. Because teams across departments can access the exact numbers, it reduces the likelihood of errors and inconsistencies.

SAP 130
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VC And Crypto Investors Eye Alternatives After US Bank Failures

Global Finance

The Middle East could prove a profitable oasis.

Banking 126
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This Week on TRB

The Reformed Broker

I want to start out this week with a big thank you to all our fans, friends, employees and clients who came out to see us in Chicago this week for what can only be described as a whirlwind of productivity and fun. The meetings were meaningful, the catch-ups were long overdue and the food was fantastic. We will be back! If you live in the Chicago area and could use a little help with your portfolio, tax advice or just want.

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Understanding AI’s customer service opportunities

CFO Dive

AI can help CFOs enhance customer service and other key business elements, but CFOs need to understand not only what the technology can do, but what it wasn’t made to do.

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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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SVB Collapse Puts Additional Pressure on CFOs

The Finance Weekly

The quick and unexpected collapse of the second and third largest bank collapses in US history sent shock waves throughout the markets. Silicon Valley Bank (SVB) collapsed last Friday and it sent both private and public companies scrambling to address what exposures they had with SVB and other banks that might be at risk. To top it off, this occurred on a Friday, meaning many executives and CFOs had to wait all weekend until Monday to take real action.

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Bajaj Electricals CFO aims to triple cash reserves to Rs 1,000 crore in the next 3 years

CFO News

Till 2025, the focus would be more on stabilisation, building reserves and improving margins, says CFO EC Prasad.

CFO 103
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The good news

The Reformed Broker

Apparently it’s news to the whole world this morning that Credit Suisse is some sort of undead Swiss zombie bank worth more dissected and sold off in chunks than alive. Who knew? Oh wait – everyone knew, for a long time now. Open secret. Single digit stock price. Come on. I meet financial advisors at industry events and cocktail parties – I wince when they say they work at Credit Suisse.

Banking 110
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SVB CFO may be swept up in stock dumping scrutiny

CFO Dive

Finance chief Daniel Beck is among three SVB Financial senior officers who sold company shares worth a combined total of about $4.5 million as of Jan. 1, according to insider trading research firm Smart Insider.

CFO 261
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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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Bond market shakeup: Where we stand today

Tips Watch

By David Enna, Tipswatch.com Even though I am now in beautiful but very windy Split, Croatia, this morning, I couldn’t resist the temptation to check in on Treasury Inflation-Protected Securities after an incredibly volatile week.

Marketing 103
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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train reads: • Bank Runs, Now & Then : The Panic of 1907 would probably be more famous if it wasn’t overshadowed by the Great Depression just a couple of decades later. It lasted 15 months and saw GDP decline an estimated 30% (even more than the Great Depression). Commodity prices crashed. Bankruptcies exploded. The stock market fell 50%.

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Myth-Busting: The Economy Drives the Stock Market

CFA Institute

How much does the state of the economy really matter to stock market performance?

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Mattel CFO sees movie tie-in boosting Barbie sales

CFO Dive

The iconic El Segundo, California-based toymaker had a tough 2022 but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.

CFO 261
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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.