The Financial Accounting Standards Board has rejected the use of preset hedging coverage ratios, or matrixes, a method that has been preferred by many hedging professionals.The matrix approach, favored by mortgage service providers, allows mortgage companies to hedge a percentage of their servicing portfolios and increase their heding positions in response to changing interest rates.The FASB has announced that this hedging approach is not acceptable under FASB statement number 133, which governs accounting for derivative instruments and heding activities.The FASB has agreed to move fo

PricewaterhouseCoopers survey reveals exceptional growth, high earnings, and large profit margins are driving radical change throughout industry say CEOs of Top North American Financial Institutions. CEOs of top financial institutions report that the private banking industry is undergoing sweeping transformation, presenting unprecedented opportunities and significant challenges, according to PricewaterhouseCoopers’ first annual North American private banking/wealth management survey.

The sheer numbers are staggering. A new report from Arthur Andersen finds that there are approximately 10 million individuals across the world with assets worth more than $1 million, each.This and other findings are part of a new study conducted by Andersen called the High-Net Worth (HNW) report.

Deloitte & Touche partnered with the National Retail Federation to perform a study of potential shopping habits for the upcoming holiday season, which officially launches this Friday, the day after Thanksgiving.The study found that Year-2000 shoppers are likely to spend, on the average, $836 this season, compared to an average of $849 in the holiday season last year.The good news for retailers, however, is that more people are expected to be out there shopping this year compared to last year, and as a result sales are predicted to rise 4.5 percent over last year.Some interesting findi

Fortune Magazine has announced its annual listing of the Best Cities for Business and the surprise is - there are no surprises.New York, San Francisco, Chicago, Washington DC, and San Jose top the list.

Joint ventures are paying off for America’s fastest growing companies, and making a huge contribution to the economy.American companies expect to contribute 10.6% of their business assets to joint ventures this year, yet generate 12% of their revenue growth in return – and these figures are set to double over the next two to three years. But JVs are about more than pure growth. Because they enable participants to share risks and leverage complementary resources, they are highly prized for the efficiencies they produce, and their effectiveness in increasing profit margins.

The U.S. Department of Labor has prepared a new manual for a national system of employment and training services for the America's Workforce Network. Managing Your Workforce is designed to meet the needs of the new economy and bring workers and employers together. The U.S. Department of Labor has prepared a Tool Kit that can assist you in training and mentoring workers you already have or you are planning to recruit.

Every other year, the Colorado Business Committee for the Arts engages Deloitte & Touche to conduct a survey regarding the economic impact the arts organizations of Denver have on the local economy.After this year's survey was completed, officials were amazed at the results.

In the latest version of the Congressional Budget Office’s (CBO) Long-Term Budget Outlook report, these words of doom appear: “If the government saved all of the surpluses projected over the next decade, serious budgetary problems would not arise until the second half of the century."The first World War II baby boomers, those born in 1947, turn 53 this year, and they are already starting to plan for retirement.