Remove Accounting Remove Concentration Remove Retail
article thumbnail

Credit Squeeze May Loom As New Accounting Rule Takes Root At Banks

PYMNTS

In finance, accounting is everything. Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk is and where losses may loom — is as much art as science. billon, American Express by $2.7

article thumbnail

Navigating the Complexities of Tax Compliance for Financial Services

CFO Plans

For instance, a retail business conducted thorough financial analysis and implemented tax compliance solutions that aligned with its growth objectives. Robust financial systems streamline operations, allowing companies to maintain compliance effortlessly and concentrate on expansion.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Traditional Healthcare Is Going Under The Knife Of Disruption

PYMNTS

From telehealth to new financing options for patient treatments to big retailers like Walmart , Walgreens and CVS mashing up retail with healthcare, everyone from startups to incumbents are using the pandemic as an opportunity to disrupt — and reinvent — healthcare. Here’s a look at some of the latest developments. We’re in healthcare.

article thumbnail

JPMorgan Chase To Open UK Digital Bank By Year’s End

PYMNTS

customers with high-interest rates for savings accounts, and then lowering its group funding costs that way. Adamson also has experience as a retail lender, chairing the risk committee at Virgin Money until last November. The operation will likely include savings and lending products, and it comes just two years after U.S.

Banking 102
article thumbnail

World’s Best Banks 2024: Global Winners

Global Finance

The US Federal Deposit Insurance Corporation’s quick response to the banks’ failures stemmed additional contagion and has left businesses with an object lesson in concentration risk. Its Consumer & Community Banking business added a substantial amount of retail branches and advisers and leads the First Republic integration.

Banking 107
article thumbnail

10 Tuesday AM Reads

Barry Ritholtz

Institutional Investor ) • Retail Group Retracts Startling Claim About ‘Organized’ Shoplifting : The National Retail Federation had said that nearly half of the industry’s $94.5 billion in missing merchandise in 2021 was the result of organized theft. It was likely closer to 5 percent. ( It was likely closer to 5 percent. (

article thumbnail

Nike To Pull Product Listings From Amazon

PYMNTS

The sneaker and sports apparel company said it is going forge new retail partnerships and concentrate on its direct business. We will continue to invest in strong, distinctive partnerships for Nike with other retailers and platforms to seamlessly serve our consumers globally.”.