November 2008

CFO.com points out that Paul Volcker has strong views on accounting topics that might soon become prominent fixtures of administration economic policy. For example, here are topics/issues that he will undoubtedly have influence over (quoting CFO.com): [His experience creating and then serving as head of International Accounting Standards Board and attempting to reform Anderson immediately […]

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In honor of Thanksgiving the WSJ MarketBeat blog updated its bailout scorecard. The matrix summarizes who was bailed out, describes the program, why, who was helped, who paid, and – most importantly – is it working?   Check it out here.

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Today's NYTimes has a funny piece on Thanksgiving, urging readers to be CEO – define a vision, and delegate most of the work. It's tongue-in-cheek but has some kernels of truth. But beware, the "organizing to execute" style of management can be exhausting, though, and runs the risk of everyone talking for years to come […]

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Confused by the various Fed lending programs for banks? Here's a handy quick reference guide from the Fed Reserve of NY.   Download PDF

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[via PaymentsNews] The website howstuffworks (from the folks at the Discovery Channel) has a primer on mobile banking – it's geared toward consumers but it's interesting for us industry insiders to see how they characterize the service offerings and technology. The article is divided into 6 chapters Introduction to How Mobile Banking Works (conceptual intro) […]

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The economist has a nice graphic summarizing data from Symantec that shows that the most popular "products" on offer from cybercriminals in the underground economy are – not surprisingly – bank account details (for accounts that have on average a balance of nearly $40K) and credit cards with security codes.  The bank account details will […]

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A new study from Deloitte reveals that there is a high correlation between bankruptcy and fraud. With economic conditions likely to drive more companies to consider filing for bankruptcy protection, one potential concern is whether the greater scrutiny that generally results, could lead to claims of fraud against the company and its executives. “In the […]

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Over at Information Arbitrage Roger Ehrenberg has just posted on the business dynamics of companies that will be the winners in the future. The winners of tomorrow will necessarily look different. Businesses that are not yet commoditized and, therefore, have high margins. Companies that heavily leverage technology and don't require as much infrastructure as leaders […]

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Pessimistic Bankers

by Erin McCune on November 24, 2008

in Banking

A recent reader survey by American Banker reveals that bankers are pessimistic about their employers.

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Reports indicate that this afternoon Citi is close to an agreement with the government whereby losses due to risky assets on the bank's balance sheet would be limited. A new "bad bank" entity would be created to house approx. $50 billion in risky assets, by one estimate. The government would assume losses beyond a certain […]

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In addition to the big bank recipients of TARP funds, seventy regional banks have applied. Graphic courtesy of American Banker:

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From CFO.com Since the credit-crisis began to hit its crescendo in mid-September, CFOs at companies of all sizes have been paying ever closer attention to the cash streaming through their businesses and keeping careful watch on their suppliers' credit terms and their customers' viability. No one wants to see the current credit freeze among wary […]

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I had an enthusiastic audience at NEACH outside Boston on Monday – everyone was eager to learn more about social networking, web 2.0 and how their bank and credit union can get involved. I was apprehensive at first, becuase the credit union and small/mid-sized bank audience had limited exposure to social media. I adapted by […]

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After the election night excitement,we have no time to rest on our laurels, there is much work to be done to restore the economy. This article by biz strategy giant Michael Porter in Business Week is sobering, non-partisan, and highly recommended.

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I'm on a plane most of today, returning from Boston to SF. But in honor of election day, here's some guidance for the next President from CFOs courtesy of CFO Magazine. Both as businesspeople and citizens, they have plenty of advice for the next occupant of 1600 Pennsylvania Avenue. Dear Mr. PresidentKate O'SullivanCFO MagazineOctober 2008

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