Accounting & Tax
Credit & Capital
Risk & Compliance
Regulators Reject ‘Living Will’ Plans of Three Banks
BNP Paribas, HSBC, and Royal Bank of Scotland are told to resubmit their plans by the end of the year.
When Loan Covenant Talks Stall
Two attorneys counsel borrowers on how to break an impasse in loan covenant negotiations.
Morgan Stanley’s Ruth Porat Named CFO of Google
The investment-banking veteran takes the spot of Patrick Pichette, who announced his retirement two weeks ago.
Fed Gets Fuel for the Tightening Argument
The consumer price index rose 0.2% in February, the largest increase since June 2014.
U.S. Firms Still Lagging Behind in RMB Use
More global competitors use the Chinese currency to settle cross-border trade, 17%, compared with 10% of U.S.-based firms.
Bank of America Gives Shareholders “Meaningful Access”
The financial institution becomes the latest to adopt proxy access rules at the urging of large pension funds.
Bull Market Coming to an End?
The stock market upturn has persisted much longer and prices have risen much higher than most historical bull markets, says an OFR study.
Shareholder ‘No’ Votes on Directors Rise
Equity holders also appear to be increasingly dissatisfied with executive compensation plans.
Square Rolls Out Business Payment Service
“Individuals aren’t the only ones who don’t like checks,” the company said. “They’re inconvenient for businesses too."
Watchdog Finds IRS Cyber Security Still Flawed
The Internal Revenue Service needs to step up its security practices to protect financial and taxpayer data, says the Government Accountability Office.
Fed Sends Record $97B in Profits to Treasury
The U.S central bank had $4.5 trillion in assets at the end of 2014, compared with $850 billion in 2008.
OECD Urges China to ‘Adjust Economic Model’
The risks for China are "mostly [to] the downside" and state-owned enterprises are “creating barriers to the expansion of private firms,” says the OECD.
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