Accounting & Tax
Credit & Capital
Risk & Compliance
Will a Forecast Discrepancy Hurt JPMorgan Chase?
If there were a severe economic shock, JPMorgan Chase's revenue would be much lower, says the Federal Reserve, than the bank itself is forecasting.
Sales Fall, Inventories Rise at U.S. Wholesalers
Sluggish sales in January pushed up wholesalers' inventories, a trend that could translate into slower GDP growth for the first quarter.
Budget Watchdogs See Further Drop in Obamacare Costs
The Affordable Care Act will eat up less of the federal government's budget than the Congressional Budget Office originally forecast.
Economist Piketty Backtracks on Inequality Theory
In a forthcoming paper, Thomas Piketty argues that political shocks, institutional changes, and economic development play a major role in wealth inequality.
SoFi Reportedly Seeking $3.5B Valuation
Social Finance, already valued at $1.3 billion, may be the next big peer-to-peer lending IPO.
GM Aims for a 20% ROIC
The return on invested capital goal is part of a new "capital allocation framework" that will "return all available free cash flow to shareholders."
Credit Reporting Agencies Agree to Clean Up Their Data
Consumers will have an easier time disputing credit report errors, and data furnishers will be held to higher standards.
GAAP and IFRS
Most Tech CFOs in the Dark About Revenue Rule
Fifty-seven percent of tech company CFOs responding to a BDO survey are still unfamiliar with the new revenue recognition standard.
Don’t Let Fannie and Freddie Go: Treasury Official
While housing finance needs fixing, "simply returning [the GSEs] to the way they were before" is neither practical nor realistic, says a Treasury adviser.
FASB Moving Ahead With Nonprofit Update
But chairman Russell Golden faulted the proposed changes for addressing only standards for nonprofits, a move he says could increase accounting complexity.
Profits, But No Tax Bill
Eleven S&P 500 companies reported profits for calendar 2014 but will be paying no corporate income taxes.
Big Banks Pass Fed’s Capital Buffer Tests
The Federal Reserve's stress tests found that the U.S.'s 31 biggest banks are capitalized well enough to withstand a "severely adverse" economic scenario.
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