CFO / Financial
Fitch Affirms U.S. AAA Rating; Outlook Still Negative
Fitch Ratings on Friday affirmed the United States' top level credit rating at AAA but held the outlook at negative, saying still-elevated debt levels leave the country vulnerable to shocks without ...Corzine Faces Trading Ban as CFTC Sues in MF Global Failure
A U.S. regulator's lawsuit against Jon Corzine could make him the first former leader of Goldman Sachs Group Inc. to be banned from trading, the industry he returned to after serving as a New Jersey ...Accenture Cuts Full-Year Outlook As Consulting Slows Further
Outsourcing and consulting services provider Accenture Plc cut its full-year outlook last week, citing a pullback in spending by its consulting business clients. Clients are slowing the pace and ...New Guy Carp Group Targets Mutual Co. Capital, Growth Issues
Last week, Guy Carpenter & Company, LLC, announced the launch of a Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies. The practice ...
FASB Proposes Better Disclosure Of Going Concern Doubts; Seeks Comment
Last week, the Financial Accounting Standards Board issued a proposal aimed at improving disclosures of uncertainties related to an organization's ability to continue as a going concern. The proposed ...
Insurance Industry Facing Accounting Overhaul in Line with Global Standards
The biggest overhaul of insurance accounting in 30 years was to advance a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. In a move to ...
In Europe’s Low Interest Rate Climate, Insurers Turn to Corporate Debt for Returns
Record-low European interest rates are driving insurers and reinsurers from Axa SA to Munich Re toward corporate and infrastructure debt for better returns. France's three largest life ...