CFO Focus: Financial results up, confidence in managing change down

first_img continue reading » Even as institutions reported improved financial results last year, CFOs’ confidence in their institutions’ ability to manage the financial impacts of an evolving business environment decreased in 2018, according to a recent Kaufman Hall report.The report, 2019 CFO Outlook: Performance Management Trends and Priorities for Financial Institutions, is based on a nationwide survey in late 2018 of executives from credit unions, banks, and other financial services institutions.The report notes that although the Federal Deposit Insurance Corp. reported a 30 percent increase in net income year over year for the financial services institutions insured by the agency, those banks and savings institutions also face increased exposure to interest-rate and credit risk, as well as emerging competition from “neobanks” and other nontraditional competitors.The combination of disruptive economic forces and increased competition has had a significant impact on senior executives’ confidence in their institutions’ ability to make course corrections in response to changing market conditions: ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

72,000 sign against gay marriage

first_imgDominion Post 23 Jan 2013MPs considering gay marriage legislation have been presented with a 72,000-strong petition opposing the move.Parliament’s government administration select committee is considering Labour MP Louisa Wall’s Marriage (Definition of Marriage) Amendment Bill and will report back to Parliament on February 28. If passed, the bill could see gay marriage legal in New Zealand by May next year.At a hearing in Auckland yesterday, Family First spokesman Bob McCoskrie presented the committee with a 72,000-signature petition against the bill.The lobby group last year presented Parliament with the same petition, at that stage with 48,000 signatures.Mr McCoskrie told the committee marriage was a sacred union between man and woman.“Nature is exclusive and discriminatory,” he said. “Only a man and woman can create a baby.”He also said it was not up to the state to “re-engineer” a pre- political tradition.Mr McCoskrie’s argument was backed by the New Zealand Christian Network’s Glyn Carpenter. He said there should be a public referendum.“The main risk is the future generation will grow up knowing that marriage is a social construct determined by the Parliament of the day, rather something to aspire to,” he said. read more

Road Repairs are put on hold due to weather conditions

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich.—- The Alpena Road Commission is encouraging drivers to stay safe and alert especially of potholes. The area county road commission’s top concern is public safety which means maintaining gravel road conditions.Inconsistent weather and high lake levels means a hold must be placed on road repair. Graveling a road can only be done when roads are not wet and snow has melted.Drivers should use extra caution when traveling, maintain a slow speed and be patient.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Three car accident on Genschaw leaves three injuredNext Larry Donajkowski wins 60 Second Inspiration grand prize at BAC’s annual fitness galalast_img read more