Richard J. Bressler, former chief financial officer at Time Warner and Viacom and managing director at Thomas H. Lee Partners, has been named president and CFO of Clear Channel Media Holdings and Clear Channel Communications, as well as CFO of Clear Channel Outdoor Holdings.
Banks are finding corporate accounts attractive again and are taking steps to bring more of these clients in their doors. For the past few years, banks have found corporate accounts to cost more than they were worth to the institution. Now, banks are offering products aimed at corporate accounts, with a slight uptick in rates, according to Treasury Strategies.
Private companies are waiting longer for customers to pay their bills. According to this article, the average wait time is 40.3 days, three days longer than in 2012, and almost as long as the record average wait of 40.9 days in 2009. Analysts say the lag time could have a significant impact on companies' cash flow and inventory management.