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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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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.

More Trending

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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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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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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 118
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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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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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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 127
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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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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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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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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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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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Rajesh Gopinathan’s exit as TCS CEO is surprising but an example of great succession planning, say experts

CFO News

TCS board may be looking at continuity rather than turnaround with the hiring of an internal candidate as the next CEO, they say.

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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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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.