Finance

Lead Editor: Sean McMahon

About This Industry

SmartBrief brings you all the latest news from every corner of the financial services sector. When you need more intel about how market trends and policymakers are going to affect you and your business, SmartBrief has you covered.

Management required to tell investors of going-concern status

8/28/2014

  • Wall Street Journal (tiered subscription model), The

The Financial Accounting Standards Board has updated a rule to require management to disclose in financial statements whether their business is able to continue as a going concern. Investors pushed fo… Read More

Second-quarter GDP revised upward to 4.2%

8/28/2014

  • Wall Street Journal (tiered subscription model), The

The Commerce Department revised its calculation of U.S. gross domestic product growth for the second quarter to 4.2%, up from the 4% reported earlier. Businesses spent more on buildings, machines and … Read More

U.K. tops Europe in renminbi payments

8/28/2014

  • Xinhuanet.com (China)

The U.K. led Europe in renminbi payments over the past year, with 123.6% growth as of July, followed by Germany where payments also more than doubled with a 116% gain. Overall, Europe logged 10% of re… Read More

W.Va. governor announces RFQ phase for state's first P3

8/28/2014

  • Register-Herald (Beckley, W.Va.), The

West Virginia will issue a request for qualifications as it pursues its first public-private partnership to construct the upcoming phase of the Coalfields Expressway, Gov. Earl Ray Tomblin said. Read More

Calif. city estimates at least $300M in earthquake damage

8/28/2014

  • San Francisco Chronicle (free content)

Damage to homes and businesses in Napa, Calif., from Sunday's earthquake totals about $300 million, according to initial estimates. Public-property damage and economic losses are still being tallied, … Read More

Should individual bankers face charges?

8/28/2014

  • New York Times (tiered subscription model), The

U.S. officials have required large payments from banks for faulty mortgage-backed securities issued before the financial crisis. However, no individuals have faced charges. Six columnists debate the n… Read More