• IRS Employee Pleads Guilty to Tax Fraud

    By:
    Chris Gaetano
    |
    Sep 22, 2016
    An IRS employee pleaded guilty to using taxpayer identities to file false tax returns to get inflated refunds for himself and his friends. 
  • Report: Gender Pay Gap to Close By 2152

    By:
    Chris Gaetano
    |
    Sep 22, 2016
    A recent report said that, if current trends continue, it will take 136 years for women to close the gender pay gap with men. 
  • Study: Your Power Point Presentation Probably Too Wordy

    By:
    Chris Gaetano
    |
    Sep 21, 2016
    A recent study has found that Power Point presentations generally have too many words, something that helps neither the presenter nor their audience, as both can lead people to disengage with the talk itself. 
  • Average Small Business Can Survive 27 Days With No Income

    By:
    Chris Gaetano
    |
    Sep 21, 2016
    A study by JPMorgan has found that your average American small business has about 27 days worth of reserve cash on hand to cover expenses if inflows suddenly stopped. 
  • NY Federal Judge: Bitcoin Is Money

    By:
    Chris Gaetano
    |
    Sep 20, 2016
    A New York Federal Judge has ruled that, at least for the purposes of criminal prosecution, the digital currency known as bitcoin, despite not being connected to any sovereign nation, is considered money. 
  • Wells Fargo CEO Faces Senate Hearing

    By:
    Chris Gaetano
    |
    Sep 20, 2016
    Wells Fargo CEO John Stumpf faced a hearing before the Senate Banking Committee, where he apologized for the scandal where millions of fake accounts were opened in customer's names, but insisted there was nothing systemic or deliberate going on. 
  • SEC Says E&Y Partners Got Too Friendly With Clients

    By:
    Chris Gaetano
    |
    Sep 19, 2016
    Big Four firm Ernst and Young has agreed to pay the Securities and Exchange Commission $9.3 million to settle charges related to two audit partners who got a little too chummy with their clients. 
  • Paper Undergoing Slow, Steady Decline

    By:
    Chris Gaetano
    |
    Sep 19, 2016
    While paper still remains popular with American businesses, the amount they use has been steadily going down, year by year, with number of prints declining by 10 percent since 2007, the year of peak paper. 
  • NY Attorney General Investigating Suspicious Accounting at Exxon

    By:
    Chris Gaetano
    |
    Sep 16, 2016
    New York Attorney General Eric Schneiderman is looking into energy company Exxon's accounting practices, particularly its lack of asset write-downs despite sluggish oil prices. 
  • US DOJ Demands $14B From Deutsche Bank, Deutsche Bank Balks At Sum

    By:
    Chris Gaetano
    |
    Sep 16, 2016
    The U.S. Department of Justice is demanding that Deutsche Bank hand over $14 billion for its alleged role in the 2008 financial crisis, but the German financial institution said it has no intent of paying anything close to that sum. 
  • Federal Prosecutors Looking Deeper Into Wells Fargo Phantom Accounts

    By:
    Chris Gaetano
    |
    Sep 15, 2016
    The Wells Fargo scandal, where it was discovered the bank had charged fees to millions of customers based on fake accounts that had been set up in their name, is now the subject of a federal investigation to see just how far up the chain this scheme went. 
  • How To Discuss Politics At Work

    By:
    Chris Gaetano
    |
    Sep 15, 2016
    Given the highly polarized nature of the current political environment, we think that the first answer to this should really be "don't." But if you have to, if you're moved to, if you'll feel like you'll literally explode if you don't, then the Harvard Business Review has some tips and tricks to make sure you don't alienate half the office. 
  • Cuomo Proposes Cybersecurity Requirements for Financial Institutions

    By:
    Chris Gaetano
    |
    Sep 14, 2016
    New York Governor Andrew Cuomo has proposed new regulations that would set minimum cybersecurity measures for financial institutions, intended to "protect consumers and ensure the safety and soundness of New York State’s financial services industry." 
  • Corporate Scandals Dog Execs Into Next Job, Even If They Had Nothing To Do With It

    By:
    Chris Gaetano
    |
    Sep 13, 2016
    Did you recently leave a company plagued by scandal? Regardless of whether you actually had anything to do with it, studies show that you'll take a roughly 10 percent pay cut at your next job regardless. 
  • Do You Have More Financial Smarts Than 56 Percent of Americans With A College Degree?

    By:
    Chris Gaetano
    |
    Sep 13, 2016
    Over the years, George Washington University has tracked how much Americans know about basic finance by asking three simple questions that intelligent readers such as yourself would find trivially easy. However, they have found that only 44 percent of college educated Americans can get all three answers right. 
  • Revived Banking Committee sets new agenda

    By:
    Chris Gaetano
    |
    Sep 13, 2016

    The NYSSCPA’s Banking Committee is preparing for a flurry of new activity after a period of dormancy, which presents members with more networking opportunities with non-CPA associate members in the banking industry.

  • "Crazy" Eddie Antar Dies At 68

    By:
    Chris Gaetano
    |
    Sep 12, 2016
    Eddie Antar, also known as "Crazy Eddie," who ran a retail electronics chain revealed to later be propped up by fraud, has died on Saturday at 68 years old, 
  • SEC Says Bank Turned Blind Eye To Fraud, Settles For $1.6 Million

    By:
    Chris Gaetano
    |
    Sep 12, 2016
    The Securities and Exchange Commission faulted a subsidiary of an Oklahoma-based banking association for allegedly turning a blind eye to fraudulent bond offerings being offered to investors. 
  • Wells Fargo Fined For Creating Millions Of Fake Accounts

    By:
    Chris Gaetano
    |
    Sep 9, 2016
    The Consumer Financial Protection Bureau fined bank Wells Fargo $185 million for signing up millions of customers for deposit and credit card accounts without their knowledge or consent in order to meet sales goals. 
  • House To Go Forward With Koskinen Impeachment

    By:
    Chris Gaetano
    |
    Sep 9, 2016
    Speaker of the House Paul Ryan said that the House will proceed to a vote on whether to impeach IRS Commissioner John Koskinen, as the measure's supporters passed a privileged resolution allowing them to bypass traditional means of attaining a floor vote. 

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