Banking

An incorrectly formatted spreadsheet caused Iceland to price the sale of its Islandsbanki stake too cheaply earlier this year, an investigation by the National Audit Office has found.

In this edition of the Frontier, Gayle Heskiel, COO of Net at Work, talks about the rise of outcome-based pricing and the changes required to get there.

Top 25 firm Withum awarded $95,000 in grant funding through the Thomas R. Suarez Student Loan Grant program to help its employees reimburse their student loans. 

The Bank of International Settlements announced the successful conclusion of a test between four central banks to transfer central bank digital coins between themselves.

Banking depositors perceive failures at financial institutions as failures on the part of auditors, reducing their assessment of the credibility of an auditing firm.

Tassat Group announced the successful testing of its new blockchain-based payments network, which enables B2B payment processing among member banks.

The interbank transfer network has confirmed through experiments that its infrastructure can also move digital tokens, such as a Central Bank Digital Currency.

The board released an alert from its staff on ethics and independence considerations for accountants during the current conflict between Russia and Ukraine.

A recent study has found that avoiding awkward conversations can lead to increased costs in the long run.

Xero report provides insights on U.S. small businesses' economic performance and debunks misleading numbers caused by inflation.

Forgiveness; great sums of money; shell game; and other highlights from our favorite tax bloggers.

The online payment company has introduced a new buy-now-pay-later option.

Surpluses and cuts; the CP80 mess; cost of ‘skin in the game;’ and other highlights from our favorite tax bloggers.

President Joe Biden said the U.S. will impose sanctions on Russia that will hamper its ability to do business in foreign currencies as President Vladimir Putin’s decision to invade Ukraine sparked the worst security crisis in Europe since World War II.

Just a little off; handling online reviews; a star EA; and other highlights from our favorite tax bloggers.

H&R Block is banking on a new service called Spruce to offer tax clients banking options.

The new DeepBlue Debit offering is aimed at customers who are underbanked.

The tax preparation giant is diversifying its services with a digital bank that it hopes will entice customers with no-fee features, cash back rewards and early access to paychecks.

The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.

The Small Business Administration is increasing the cap for COVID Economic Injury Disaster Loans from $500,000 to $2 million.