Fed anticipated a big rate increase later this month, minutes show

Policymakers alarmed at their June meeting by mounting price pressures supported an aggressive pullback in stimulus to curb economic growth.

By Jim Tyson • July 6, 2022

BNY Mellon poaches new CFO from Goldman Sachs

BNY Mellon’s pick of Dermot McDonogh as CFO comes just months after the bank announced Robin Vince would succeed CEO Todd Gibbons, who is retiring.

By Maura Webber Sadovi • July 6, 2022

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Compensation: solving the cost-talent puzzle

In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

By CFO Dive staff

How CFOs can free liquidity from insurance 'collateral jail'

Insurance collateral financing now offered by the 1970 Group is designed to solve a pain point that has long vexed treasurers and finance executives who opt for loss-sensitive policies to lower premiums.

By Maura Webber Sadovi • July 5, 2022

'Gray-zone aggression' may make some business uninsurable: AEI

CFOs face growing difficulty in curbing risk as geopolitical tensions rise and hostile governments harm global companies with headquarters in rival nations.

By Jim Tyson • July 1, 2022

Chicago woos out-of-state execs with post-Roe letters

Chicago economic development officials, often forced to fend off concerns around crime and high taxes, quickly launched an offense touting its advantages to business, executives and their employees in a post-Roe world. 

By Maura Webber Sadovi • July 1, 2022

IPOs worldwide plunged 46% during first half 2022: EY

Many CFOs have held off on IPOs this year as high inflation, a pullback in monetary stimulus and sanctions following Russia’s invasion of Ukraine roiled equity markets.

By Jim Tyson • June 30, 2022

Fed inflation fight 'highly likely to involve some pain': Powell

Powell committed the Fed to hitting its 2% inflation target as rising prices undermined consumer expectations and increased the odds of a recession.

By Jim Tyson • June 29, 2022

CFO, business optimism hits 12-year low: JPMorgan

In spite of the “drastic” decline in business leader optimism, JPMorgan’s Ginger Chambless doesn’t expect companies to make “material” capital spending cuts this year.  

By Maura Webber Sadovi • June 29, 2022

Dollar Tree's CFO to depart in C-suite shakeout

Gone or nearly gone following an activist revolt are the discounter’s chief financial, operating, information, strategy and legal officers.

By Ben Unglesbee • June 28, 2022

With Roe overturned, employers eye changes to abortion-access benefits

With politics increasingly becoming a workplace issue, employers and C-suite executives have had to navigate how and when to make statements and changes to benefits.

By Emilie Shumway • June 27, 2022

EU global minimum tax plan hits Hungarian road 'bump'

Hungary’s eleventh hour opposition included concerns about the war in Ukraine and fears about being a first mover on the Pillar Two rules, according to a PwC report. 

By Maura Webber Sadovi • June 27, 2022

3 ways CFOs can help tackle supply chain disruptions

CFOs can help companies relieve immediate supply chain pressures, as well as create long-term value.

By Greg Hisenberg and Mark Tennant, Ernst and Young LLP • June 27, 2022

Businesses nudged to decentralize cybersecurity leadership

The push to enable employees to make informed security decisions comes amid an increase in the rate and severity of cyberattacks.

By Lindsey Wilkinson • June 24, 2022

Predictable spend can flip view of legal as cost center

Every CFO's in-house legal team has matters with well-defined outlays. The department should aim to realize those easy wins to show control is within reach, a budget specialist says.

By Robert Freedman • June 23, 2022

Just one in three CFOs have appetite for more risk: Deloitte

Finance chiefs in the technology, financial services, and manufacturing industries were the least inclined to take on more risk, according to the Deloitte survey.

By Maura Webber Sadovi • June 21, 2022

Discover CFO eyes benefits of downturn

As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses, said CFO John Greene.

By Caitlin Mullen • June 21, 2022

Pitney Bowes CFO taps robots, targets more shipping

U.S. parcel shipping volume rose 6% in 2021 to a record high of 21.5 billion from 20.3 billion in 2020, according to the Pitney Bowes Parcel Shipping Index.

By Maura Webber Sadovi • June 17, 2022

Affirm CFO takes on BNPL skeptics, shrugs off new competition

Apple's entry into the buy now-pay later market isn't a concern for Affirm, the company's Chief Financial Officer Michael Linford asserted Tuesday.

By Jonathan Berr • June 17, 2022

Practical tips for forging a stronger CFO-COO partnership

The duo needn’t be good friends, but the CFO and COO do need to trust each other as transparency and accountability are key.

By Julie Iskow and Jill Klindt • June 16, 2022

Fed failure in fighting inflation 'not an option,' Powell says

The Federal Reserve announced a 0.75 percentage point increase in the main interest rate and indicated that policymakers plan more aggressive tightening in coming months.

By Jim Tyson • June 15, 2022

Citi CFO sees support for more Fed moves to stave off inflation

Citigroup CFO Mark Mason is one of a number of top bank executives who have recently raised the prospect of a U.S. recession.

By Maura Webber Sadovi • June 14, 2022

AI yields 30% of revenue at tech-savvy companies: Accenture

Despite a big potential boost in profits, most companies fail to seize on the full benefits from artificial intelligence, Accenture found in a survey.

By Jim Tyson • June 13, 2022

Visa CFO sees long runway with cash-to-card transition

The largest U.S. credit card network company sees plenty of future growth opportunity as payments digitization prompted by COVID-19 remains in an early stage, Visa Chief Financial Officer Vasant Prabhu said at recent investor conferences.

By Caitlin Mullen • June 13, 2022

How SEC ESG disclosure rules will impact private companies

The responsibility for overseeing how environmental impacts are tracked and measured is expected to fall mainly on CFOs.

By Robert Freedman • June 10, 2022

Fitch still on hunt for acquisitions, CFO says

“As the world is entering into a less accommodating operating environment we need to continue to work on ways to grow our revenue,” Fitch CFO Tracey Perini said.  

By Maura Webber Sadovi • June 9, 2022