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December 7, 2011
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Business Finance Today 
  • S&P downgrades credit ratings on several regional banks
    Standard & Poor's continued to apply its new standards to its ratings of financial institutions, resulting in downgrades to US Bancorp, BB&T, PNC and other regional banks. The agency cut each of their long-term ratings by one notch. BB&T and PNC's short-term ratings were also reduced. Reuters (12/6) LinkedInFacebookTwitterEmail this Story
Banking ecosystems can spur business growth and efficiencies
Join us to hear Jost Hoppermann at Forrester and Shaheen Kanda at Amazon Web Services talk about trends, research findings, and real-world banking applications. Register now.
Your Bottom Line 
  • Report: IRS audits of small corporations still fall short
    The Internal Revenue Service needs to take further steps to improve its auditing of small corporations, according to a report from the Treasury Inspector General for Tax Administration. However, the report says the agency has made progress in strengthening its policies for reviewing tax returns from corporations with assets of less than $10 million. Accounting Today (12/6) LinkedInFacebookTwitterEmail this Story
  • Is moving to the cloud really cheaper?
    For some companies, holding on to on-site computing systems could be cheaper than moving to the cloud over the long run. Don't overlook the cost of writing off old equipment, canceling contracts and retraining staff to work with the new system. And don't underestimate the benefits of having control over your own technology. (12/5) LinkedInFacebookTwitterEmail this Story
Banking models of the future
However you look at it, banking is changing. A new wave of digital-only players is fragmenting the market, componentizing products and challenging age-old business models. Get a glimpse of tomorrow.
In the C-Suite 
  • CFOs, general counsels must come together as business risks grow
    Chief financial officers should cooperate more often with their company's general counsel to cope with economic volatility, according to a report from Deloitte Financial Advisory Services. Just 40% of executives say their company's CFO and general counsel have a strong working relationship. However, the duo's responsibilities overlap in areas such as risk management and compliance. "This sort of collaboration should be the rule and not the exception," Deloitte Financial CEO David Williams says. Counsel (12/6) LinkedInFacebookTwitterEmail this Story
  • 6 ways to craft an image worthy of the C-suite
    Global Leadership Council founder Josh Ehrlich offers six tips for projecting a stronger executive image. "Presence is not some innate quality that you either have or do not. It is a set of learned behaviors that enable you to command attention," Ehrlich writes. That means becoming aware of your behaviors, sharpening your focus and interacting more purposefully with others. Harvard Business Review online/HBR Blog Network (12/6) LinkedInFacebookTwitterEmail this Story
Featured Content 

  • Does your company use third-party recruiters to recruit executive candidates?
    Yes, but I'm not sure there is a worthwhile ROI  45.11%
    No, and we do just fine recruiting top talent without them  22.56%
    Yes, and they are worth every penny to get top talent  21.80%
    No, but I wish we did  10.53%
  • Poll analysis
    Recruiting value: Most of my CFO clients believe recruiters are a necessary strategy in their overall job-search plan. But, asked differently -- as an employer -- only 21% of poll respondents said they use them and believe they deliver value. While 45% of respondents use them but don't always see the benefit of using them, another 23% say they hire effectively without using recruiters. Only 11% indicate they don't use recruiters but wish they could. --Cindy Kraft, the CFO Coach LinkedInFacebookTwitterEmail this Story
  • Would extending the payroll-tax holiday help the economy?
It would make no difference
Not sure

On the Move 
  • Sean McGuckin will take over as CFO at Bank of Nova Scotia. He is senior vice president and chief for risk policy and capital markets in global risk management. Bloomberg Businessweek (12/5) LinkedInFacebookTwitterEmail this Story
  • David Grigson has been named chairman and non-executive director at publisher Trinity Mirror. He was CFO at Reuters. Accountancy Age (London) (12/6) LinkedInFacebookTwitterEmail this Story
Off the Charts 
  • NASA spots a possibly habitable planet in far-off solar system
    NASA's Kepler telescope has discovered an Earth-like planet orbiting a star a mere 600 light years away. The distant world could have just the right environment to support life, scientists say. The telescope has turned up more than 2,300 potential planets since going into orbit in 2010. (12/5) LinkedInFacebookTwitterEmail this Story
Corporations and shareholders that understate their tax liabilities can create an unfair burden on honest taxpayers and diminish the public's respect for the tax system."
--J. Russell George, Treasury inspector general for tax administration, as quoted by Accounting Today
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