What’s going on in Finance Today?
The Securities and Exchange Commission (SEC) is charging DBRS over their inability to monitor certain financial instruments, such as residential mortgage-backed securities and some others. More below, or get started here.
There is plenty more to come. Financial stories like these are what executives need-to-know. Get the best news in finance at CFO.com. Here’s today’s roundup…
Enforcement actions in the financial reporting and audit area have nearly doubled, to 134, in the past two years, reflecting the SEC’s increased focus.
How well do you know the history of stock market crashes?
>> CFO Staff
Finance executives are working to bring their companies’ pension funds to a safe landing, according to a new study.
The $15-a-share deal expands Tokyo-based Bridgestone’s network of U.S. tire and auto service centers by more than a third.
The portion of IPOs reporting material weaknesses in internal controls rose from 23% in 2011 to 27% in 2014, with 31% projected for 2015, PwC finds.
The company’s stock has not benefited from earlier restructuring efforts, losing more than a quarter of its value this year.
The sharp drop in newly-built home sales suggests one segment of the market is cooling, but sales of existing homes rose 4.7%.
The SEC’s case against DBRS is the second this year involving credit rating agencies’ evaluations of complex financial instruments.
Data services is Intercontinental Exchange’s fastest-growing business and the acquisition of Interactive Data will make it the No. 3 provider.
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