What’s Going on in Finance Today…
More executive turnover at Walmart as CFO Charles Holley retires after 5 years. He will be replaced by Walmart’s internal finance chief, Brett Biggs. Standard Chartered, a U.K. based bank will be cutting 1,000 senior managers under CEO Bill Winters. And aluminum company Alcoa has seen a profit drop of 77% in their third quarter. All these stories and more in the CFO roundup…
SEC filers paid external auditors an average of $1.5 million in 2014, with the median fee coming in at $402,812.
What financial services firms can do to keep “the most powerful and least accountable federal agency in Washington” at bay.
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>> Joan Urdang
The aluminum company’s results disappoint in the first reporting period since it announced it would split into two companies.
The Atlanta Fed’s president believes the economy is still on a “satisfactory track” and a “liftoff decision” on rates could come in October or December.
Walmart International CFO Brett Biggs will replace Charles Holley amid challenging times for the retailer, whose stock has fallen 22% this year.
Credit Suisse, Standard Chartered and Deutsche Bank are among the banks that are overhauling themselves after losing ground to U.S. banks.
The $23.75-per-share deal gives Blackstone access to office buildings that cater to life science tenants in major markets.
Under new CEO Bill Winters, the U.K.-based bank has been streamlining operations amid a slumping share price and tighter regulation.
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