The Latest

Comerica Chief Credit Officer Melinda Chausse
By Jon Prior
July 21, 2020 3:55 PM

The Dallas bank set aside less in the second quarter for credit losses than analysts expected. Executives cited action in Texas and California to reverse reopenings and said they're still committed to the oil and gas business.

2 Min Read
Coins. Specifically, dies used for pressing nickels sit in a tray in Pennsylvania
By Jon Prior
July 21, 2020 1:24 PM

The Federal Reserve, U.S. Mint and financial industry representatives are strongly considering a public call for Americans to deposit their spare change, among other fixes, to get coins circulating again. Meanwhile, banks of all sizes are getting creative at the local level.

7 Min Read
IFAC offices
Michael Cohn
July 21, 2020 1:10 PM

The International Federation of Accountants called on national leaders to stay focused on long-term progress alongside their immediate priorities for the coronavirus pandemic.

2 Min Read
Coronavirus - Mall sign
Randy Johnston and William Thompson
July 21, 2020 11:45 AM

The COVID-19 pandemic has highlighted the need to have a business continuity and disaster recovery plan and a pandemic plan in place.

1 Min Read
AT-042420-Coronavirus charging for services GRAPH
Gene Marks
July 21, 2020 9:00 AM

Firms may want to trade short-term cash for long-term goodwill.

4 Min Read
Michael Moeser
July 21, 2020 9:00 AM

The “new normal” of COVID-19-influenced retail is actively being exploited by fraudsters, as LexisNexis Risk Solutions finds fraud costs for U.S. retailers rising in 2020 by 7.3% over last year’s data.

2 Min Read
Sen. Rob Portman, R-Ohio
Michael Cohn
July 20, 2020 5:01 PM

Senate and House Republicans introduced legislation that would give businesses refundable tax credits against payroll taxes to meet some of the expenses associated with reopening during the novel coronavirus pandemic.

3 Min Read
AICPA CEO and president Barry Melancon addressing the 2018 Engage event
Michael Cohn
July 20, 2020 4:05 PM

The American Institute of CPAs offered six policy suggestions for the next phase of federal COVID-19 relief legislation under consideration in Congress.

4 Min Read
Penny Crosman
July 20, 2020 3:01 PM

Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.

6 Min Read
wall-street-corner-sign.jpg
By Martin Z. Braun
July 20, 2020 10:39 AM

Democrats in New York, the world’s financial capital, may finally have the right moment to resurrect the state tax on stock trades.

2 Min Read