Finance Financial Reporting Regulatory Environment Research Round Up Security Treasury & Cash Management

High Correlation Between Bankruptcy and Fraud (New Research from Deloitte)

A new study from Deloitte reveals that there is a high correlation between bankruptcy and fraud. With economic conditions likely to drive more companies to consider filing for bankruptcy protection, one potential concern is whether the greater scrutiny that generally results, could lead to claims of fraud against the company and its executives. “In the […]

Strategy Technology

What will it take for businesses to succeed in the future? Will yours be one of the winners?

Over at Information Arbitrage Roger Ehrenberg has just posted on the business dynamics of companies that will be the winners in the future. The winners of tomorrow will necessarily look different. Businesses that are not yet commoditized and, therefore, have high margins. Companies that heavily leverage technology and don't require as much infrastructure as leaders […]

Banking

Pessimistic Bankers

A recent reader survey by American Banker reveals that bankers are pessimistic about their employers.

Banking Current Events Regulatory Environment

"Bad Bank" Solution for Citi

Reports indicate that this afternoon Citi is close to an agreement with the government whereby losses due to risky assets on the bank's balance sheet would be limited. A new "bad bank" entity would be created to house approx. $50 billion in risky assets, by one estimate. The government would assume losses beyond a certain […]

Banking Current Events Economic Outlook Regulatory Environment

Regional Banks Tap into TARP

In addition to the big bank recipients of TARP funds, seventy regional banks have applied. Graphic courtesy of American Banker:

Accounting AP B2B Payables Receivables Treasury & Cash Management

All Eyes on Receivables and Payables due to the Credit Crunch

From CFO.com Since the credit-crisis began to hit its crescendo in mid-September, CFOs at companies of all sizes have been paying ever closer attention to the cash streaming through their businesses and keeping careful watch on their suppliers' credit terms and their customers' viability. No one wants to see the current credit freeze among wary […]

Conferences & Meetings Web 2.0 in Financial Services

Social Networking & Banking at NEACH on Monday - Great Event

I had an enthusiastic audience at NEACH outside Boston on Monday – everyone was eager to learn more about social networking, web 2.0 and how their bank and credit union can get involved. I was apprehensive at first, becuase the credit union and small/mid-sized bank audience had limited exposure to social media. I adapted by […]

Recommended Reading

Michael Porter on America's Non-existant Economic Strategy (MUST READ)

After the election night excitement,we have no time to rest on our laurels, there is much work to be done to restore the economy. This article by biz strategy giant Michael Porter in Business Week is sobering, non-partisan, and highly recommended.

Current Events

Election Day Special: Advice for the Next President from CFOs

I'm on a plane most of today, returning from Boston to SF. But in honor of election day, here's some guidance for the next President from CFOs courtesy of CFO Magazine. Both as businesspeople and citizens, they have plenty of advice for the next occupant of 1600 Pennsylvania Avenue. Dear Mr. PresidentKate O'SullivanCFO MagazineOctober 2008

Treasury & Cash Management

AIG: Where did the money go?

This is fascinating: The American International Group is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October, The New York Times’s Mary Williams Walsh says. Some analysts say at least […]

B2B

SunGard and Sun Team Up on Corporate Payments Solution

SunGard offers white-labelled corporate payments package for banks SunGard (London) has packaged its Ambit Payments system together with Sun Microsystems' software and hardware to deliver a pre-tested and pre-configured system for corporate payments. The new package, Ambit Corporate Payments Express, will be offered as a white-labelled "off-the-shelf" solution that will help banks capture new corporate […]

Payments News

Who do consumers trust more for Payments: Banks or PayPal?

[via Bank Technology News] [excerpt] Both studies were conducted in August 2008 and released within days of each other in late September — before a string of disastrous financial firsts in October clearly eroded consumers' trust in banks. Both companies surveyed consumers who are comfortable online, but the surveys differed in size, audience composition and, […]

Caught My Eye Current Events Economic Outlook Recommended Reading

Seeking Historical Prescedent? A run on Galbraith's Book about the Great Crash of '29

[via Alan Rappeport at CFO.com] Those seeking historical context for today's credit crisis and hoping to learn from John Kenneth Galbraith's The Great Crash of 1929 will have to wait. It's on back order at Amazon (until Nov 13) and apparently sold out of New York area bookstores. In his updated introduction penned in 1997, […]

Treasury & Cash Management

Managing Cash at the University of California - webinar today

Last week at the monthly SF Treasury Management Association luncheon I heard a great presentation from the University of California, Office of the President (UCOP). Its banking/treasury services cover 10 campuses, 5 medical centers, 200 bank accounts and a budget of over $18 billion. Each campus is like a city with thousands of incoming and […]

Current Events

Greenspan's Mea Culpa (Coverage Roundup)

Yesterday Greenspan seemed to admit he was wrong, or rather that the world wasn't behaving as he anticipated it would and that his anti-regulation, free-market ideology has a "flaw." He told a House committee Thursday that the banking and housing crisis is a "once-in-a-century credit tsunami."   [Photo courtesty of Getty Images, via WSJ] Here's a […]