An update on a whistleblower case making it to the Supreme Court, the IMF predicts bond market corporate failures, Hitachi fined for $19M and all this while home prices continue to rise in America. These stories and more in the CFO roundup…
Hitachi Fined $19M Over South Africa Payments
The SEC says the Japanese company violated securities laws in its recording of “success fees” paid in connection with government contracts.
San Francisco, Denver, and Dallas reported the highest year-over-year gains among the 20 surveyed cities.
Microsoft Changes Financial Reporting Segments
Juggling of products and services segments is designed to emphasize the company’s mobile and cloud businesses.
Whistleblower Showdown Heads to Supreme Court
The case turns on whether Dodd-Frank protections should apply when a whistleblower reports activity only to a company’s compliance function and not the SEC.
>> Eric Havian
Banks With Weak Cybersecurity Could Be Downgraded: S&P
Given banks’ function as key nodes in the global financial system, S&P views banks as “natural targets facing a high threat of cyber-risk.”
N.M. Bank Settles Fraud Charges for $1.5M
Trinity Capital and some of its executives ‘grossly misreported its income to shareholders and regulators,’ says the SEC.
IMF Sees Trouble in Emerging Markets’ Debt Load
Emerging economies and bond markets need to prepare for an increase in corporate failures, says the IMF.
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