America’s Credit Unions has launched its new Cybersecurity, Fraud and Vendor Risk Resources Hub; Cornerstone Research reports corporate bankruptcies remain historically elevated; Deutsche Bank hired David Garland from oil major BP to help lead power trading in the Americas; and more in this week’s banking news roundup.
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Pam Kaur | HSBC Pam Kaur, group chief financial officer of HSBC, plans to retire in 2027. After stepping down as CFO, she will remain with the bank as an adviser to CEO Georges Elhedery through the…
Virtual cards are gaining a second job inside corporate finance departments. Beyond helping companies pay suppliers, the cards can give CFOs more control over timing, visibility and short-term funding. New PYMNTS Intelligence data show that the most efficient growth corporates are far more likely to recognize that broader role. The report, “The 24-Day Advantage: What Top-Performing…
Key insight: The U.S. Small Business Administration saw lending activity decline across its major programs after implementing stricter credit rules. Experts are hoping for a more positive result in the fiscal year that started Oct. 1. Supporting data: Lending activity declined in fiscal 2026 after three years of growth. Expert quote: “I do think the…
Just the Tip: In your first decade of building wealth, the percentage of income you save drives your net worth far more than the returns you earn. A 15% savings rate with average returns beats a 5% rate with brilliant returns. Push your savings rate up first and worry about optimizing investments later. Subscribe for…
Very little of what happens with money in your twenties feels important at the time, because the amounts are small, the choices look easy to undo, and retirement still belongs to somebody much older than you. The research says otherwise, since life-cycle modeling puts 30 to 40 percent of wealth inequality at retirement down to…
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. The Trial Balance is CFO.com’s weekly preview of stories, stats and events to help you prepare. Part 1: A Texas nonprofit’s former finance chief gets prison time after writing more than 200 fraudulent checks. The former CFO…