Today In Finance

August 2008 - Posts

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  Capital Ideas Can banks use a "capital insurance" scheme to dampen future crises? Reeling from billions of dollars of loan losses, banks have started to sell assets and rein in lending to keep their capital from eroding. This may be individually rational... Read More... Published: Friday, August 29, 2008, 05:00 AM

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  Fannie's Shakeup, and New CFO, Gear for What's Next Current controller Hisey replaces finance chief Swad in broad change that realigns finance department, and installs a possible number-two to Daniel Mudd. Fannie Mae's latest attempt to prepare for its uncertain future involves a major shakeup of its... Read More... Published: Friday, August 29, 2008, 05:00 AM

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  Oracle Picks Jeffrey Epstein as CFO Safra Catz retains role as president, and will have Epstein — previously CFO at Oberon Media — report to her. Asking Oracle Corp. who its finance chief should be has not always brought an easy answer. Yesterday, Oracle named Jeffrey E. Epstein... Read More... Published: Friday, August 29, 2008, 05:00 AM

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  Revenue-Recognition Error Forces a Restatement China-based Sunrise Real Estate — traded in U.S. — issues new numbers for 2006, 2007, and the first quarter of 2008. Shanghai-based Sunrise Real Estate Group Inc., which trades in the U.S., is restating prior results after determining that... Read More... Published: Friday, August 29, 2008, 05:00 AM

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  Con-way Settles SEC Foreign-payoff Charges Through Philippines unit, freight-shipper is alleged to have improperly paid off officials for various business purposes. Freight-shipping company Con-way Inc. agreed to pay $300,000 to settle Securities and Exchange Commission charges that improper payments... Read More... Published: Friday, August 29, 2008, 05:00 AM

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  Small-Biz IFRS: Sarbox Deja Vu For the smallest of public corporations, is it a savvy business move to take a wait-and-see attitude — or just a case of procrastination? If experience guides their actions, smaller U.S. companies probably won't do much to prepare for a transition... Read More... Published: Friday, August 29, 2008, 05:00 AM

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  Loan Rangers Will private equity ride to banks’ rescue? IN MOST financial crises private equity is part of the problem. During a typical credit cycle it is among the first to use cheap financing to buy companies. Buy-out firms gradually become trigger-happy... Read More... Published: Friday, August 29, 2008, 05:00 AM

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  A Nightmare on Wall Street Why the credit crunch has lasted so long. LIKE a Hollywood monster that is impervious to bullets, the credit crisis refuses to lie down and die. The authorities have bombarded it with interest-rate reductions, tax cuts, special liquidity schemes and bank... Read More... Published: Friday, August 29, 2008, 05:00 AM

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  Big Four: Get a Head Start on IFRS The SEC's proposed timeline gives credence to a call by auditors for companies to start paying attention to international accounting rules. The Securities and Exchange Commission's new roadmap has given accounting experts and companies a reason... Read More... Published: Friday, August 29, 2008, 05:00 AM

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  Companies Get Protected from DoJ Pressure New guidelines prohibit federal prosecutors from forcing companies to waive attorney-client privilege so they can claim they're "cooperating" with the government. The U.S. Department of Justice revised elements of a controversial internal... Read More... Published: Friday, August 29, 2008, 05:00 AM