CFOs See Silver Linings to Coronavirus Crisis
Grant Thornton reports that more than 60% of CFOs cited improved flexible and remote work environments as an upside of the pandemic.
SEC Unveils Rule on Oversight of Chinese Issuers
The regulator indicated how it will implement a law aimed at delisting Chinese companies that do not meet U.S. auditing standards.
John Murphy to Retire as Adobe CFO
During Murphy’s three-year tenure, Adobe’s revenue grew from over $7 billion in 2017 to over $12 billion in 2020 and the company made several acquisitions.
USPS Chief DeJoy Delivers 10-Year Austerity Plan
The plan would reduce mail services, focusing on the Postal Service's package business, which is expected to grow by 6% to 11% through 2025.
Coinbase Fined $6M Over Crypto Trade Reporting
The CFTC says the exchange misrepresented the volume and liquidity of digital assets including bitcoin on its GDAX cryptocurrency exchange platform.
Fed Nixes Further Capital Relief for Banks
The Fed's decision means banks can no longer exclude Treasury bonds and deposits held at the central bank from their supplementary leverage ratio.
uBiome Founders Charged With $60 Million Fraud
The SEC says Jessica Richman and Zachary Apte misrepresented that their biotech startup was generating reliable revenue from insurance reimbursements.
U.K. Proposes Reforms to Upgrade Audit Sector
“It's clear from large-scale collapses like Thomas Cook, Carillion and BHS that Britain's audit regime needs to be modernized."
Fed Holds Line on Rates Despite Rising Prices
The central bank expects to maintain ultralow rates until “inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”
Ex-GE CFO Miller Named Cargill Finance Chief
Jamie Miller will become Cargill's first female CFO, having previously broken the glass ceiling at GE.
Chamber Urges SEC Caution on Climate Disclosure
Stepping up enforcement efforts through the new climate and ESG task force should not take precedence over rulemaking, the Chamber says.