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China debt crisis: 8 cases of financial misconduct, as Beijing names and shames
Naming and shaming local-level governments and state banks for violating financing rules, Beijing is painting a bullseye on those found contributing to
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Right Now Is a Terrible Time to Spend Money
Nov. 7, 2023 9:00 pm ETListen(2 min)Prices remain high for much of what we buy, even as inflation has slowed. Stingily saving money, meanwhile, is a more profitable activity than it has been in recent memory. Since the Federal Reserve raised interest rates to a two-decade high, any dollar spent today is a lost opportunity to…
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Japan plans to issue climate transition bonds early next year -MOF
TOKYO, Nov 8 (Reuters) – Japan plans to issue climate transition bonds with a two-year tenor from around February next year, the Ministry of Finance said in a preliminary advisory on Wednesday.The government will eventually offer the climate transition bonds in two, five, 10 and 20-year tenors with a fixed-coupon rate, the ministry said in…
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Finance Director turning heads downstate
Webb named ‘Finance Officer of the Year’ in Kentucky, elected president of statewide GFOA COVINGTON, Ky. – Less than 15 months after becoming the City of Covington’s Finance Director, Steve Webb is earning statewide recognition. On Friday in Bowling Green, Webb was: Named the Kentucky Government Finance Officers Association “Finance Officer of the Year” for 2023.…
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O’Brien Rebukes ‘Leadership,’ Resigns from Finance Committee
A second member of the nine-person Finance Committee has resigned in protest over the decision to replace two former colleagues. Ronald O’Brien wrote in a letter to fellow members, “I have been struggling with the action that the FinCom Appointing Committee took to admonish and not reappoint two Bedford FinCom members due to their questioning…
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Modern CFOs must balance finance, data skills: Baker Tilly
For today’s CFOs, ensuring they have the right people and the right data in place at their organizations should be top of mind, said Jennifer Finger, CFO advisory partner at tax, assurance and advisory firm Baker Tilly. This is especially the case as today’s finance chiefs are faced not only with responsibility for finance, but for…
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Digital Finance: CFO Strategies for Finance Excellence
Having the right set of skills and expertise will be critical to executing digital transformation. CFOs estimate that, on average, only 17% of their finance staff could be considered digital finance talent. But they aim to expand that talent pool to 46%, on average, by 2027. CFOs who build their own teams’ ability to deliver…
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Durango finance processes strengthened after 2019 embezzlement scandal
Devon Schmidt says completing annual comprehensive report on time was city’s biggest finance achievement since 2018 Devon Schmidt recently took over as Durango’s chief financial officer, but she was no stranger to the role. She served as the city’s acting CFO six weeks after starting with the city when the former financial director resigned…
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City Receives National Award for Financial Reporting – City of New Bedford Official Website
Government Finance Officers Association Recognizes City for 10th Consecutive Time New Bedford, MA – An organization of municipal finance experts is giving the City high honors. The Government Finance Officers Association (GFOA), the preeminent association of government finance professionals in the U.S. and Canada, recently announced that the City of New Bedford’s Annual Comprehensive Financial…
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The Social Finance Impact First Fund Launches as One-Stop Solution For Individuals, Family Offices, Foundations, and Donor-Advised Funds Seeking to Catalyze Positive Impact
The Fund, which focuses on social and environmental impact, has made initial investments in Blackstar Stability Distressed Debt Fund and the Afterglow Climate Justice Fund. BOSTON, Nov. 7, 2023 /PRNewswire/ — Today, Social Finance, the national nonprofit and registered investment advisor, announced the launch of the Social Finance Impact First Fund. The Impact First Fund…
