Topline Credit Suisse on Tuesday disclosed it found “material weaknesses” in its financial reporting processes for 2021 and 2022 that could have resulted in “misstatements” of financial results, marki...
Tag: Reporting
Credit Suisse finds ‘material weaknesses’ in financial reporting, says outflows ‘not yet reversed’
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse on Tuesday said its net asset outflows had declined but “not y...
Credit Suisse Finds ‘Material Weakness’ in Reporting Since 2021
(Bloomberg) — Credit Suisse Group AG said it is adopting a new plan to fix “material weaknesses” in its reporting and control procedures for the past two years, following a fresh review of its f...
Tether Fights Back as It Accuses WSJ of Biased Reporting and Ignoring Real Culprits in Cryptocurrency Industry
The battle between Tether, one of the largest stablecoins in the cryptocurrency market, and the Wall Street Journal (WSJ) has been long and arduous. Tether has been fighting against what it claims is ...
Crypto Firms in India Now Considered ‘Reporting Entities’ on Par With Banks
19 seconds ago | 2 mins read Bitcoin News Know Your Customer standards will become more than simply a recommendation. Crypto and NFT businesses in India are now considered “reporting entities.” Despit...
India’s Crypto Firms Get ‘Reporting Entities’ Status Like Banks
Although the Indian government and central bank have been critical of the crypto market, they are working to bring some regulatory clarity to the matter. Earlier today, India’s Ministry of Finance iss...
US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report
A group of United States lawmakers is reportedly planning to reintroduce legislation to change the reporting requirements for certain taxpayers involved in crypto transactions. According to a March 7 ...
The IRS Is Revamping Its 2022 Crypto Reporting Requirements
Following record-high adoption in 2022, the Internal Revenue Service (IRS) is revamping its crypto reporting requirements. The IRS Is Upping the Ante on Its Crypto Reporting Requirements For starters,...
Ted Cruz just slammed the IRS over its proposed tip reporting program — that could hike taxes owed by certain workers. This is what it might mean for you
‘Next level cruelty’: Ted Cruz just slammed the IRS over its proposed tip reporting program — that could hike taxes owed by certain workers. This is what it might mean for you Out of all the federal a...
Ford sells majority stake in Rivian after reporting $7.3B write-down
Ford Motor Company has sold a majority of its Rivian shares, according to regulatory filings. Ford’s stake in the electric vehicle maker, which has been dropping steadily since May 2022, is now ...
Uber Tests 12-Month High After Reporting ‘Strongest Quarter Ever’
Topline Uber smashed expectations in its latest quarterly financials, with CEO Dara Khosrowshahi declaring it the ride-hailing company’s “strongest quarter ever,” as shares speed toward their highest ...
Record-Breaking Cryptocurrency Adoption Leads The IRS To Release New Reporting Requirements
WASHINGTON, DC – APRIL 15: The Internal Revenue Service (IRS) building stands on April 15, 2019 in … [+] Washington, DC. April 15 is the deadline in the United States for residents to file...
Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations
Because the tax season is just around the horizon for many nations, businesses in the cryptocurrency sector will need to be ready to assist their customers in complying with the requirements that are ...
Binance Launches a Crypto Tax Reporting Tool
Cryptocurrency exchange Binance announced the launch of “Binance Tax,” a tool to help its users calculate their tax obligations on crypto transactions. The launch comes as many governments worldwide h...
Binance Launches New Crypto Tax Reporting Tool for Certain Users
The world’s largest cryptocurrency exchange has launched a new tool dubbed Binance Tax to enable users to understand their crypto tax liabilities on up to 100,000 transactions. According to a press re...
Economics Reporting Is Misleading Investors
Economist adjusting data to uncover trend getty In this slowing U.S. economy, it’s important to understand why and how economists’ adjustments of actual data can produce misleading results...
GE HealthCare stock rises after reporting first results after GE spinoff, with revenue rising 8% but profit slipping
Shares of GE HealthCare GEHC, rose 1.3% in premarket trading Monday, reversing an earlier loss, after the medical technology and pharmaceutical diagnostics company reported its first results as a publ...
IRS reminds taxpayers of crypto income reporting ahead of 2022 filing
With the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service (IRS) — an enforcement agency of United States federal tax laws — released a list of reporting...
IRS Issues Reporting Obligations For Tax Payers Regarding Crypto Dealings
25 mins ago | 2 mins read Bitcoin News IRS has specified nine cases in which the answer must be “Yes.” Taxpayers who meet the qualifications must disclose any and all gains. The Internal Revenue Servi...
Flawed Reporting Raises Concern About Unlocking Billions of XRP
– Advertisement – At current prices, Ripple still holds about $17.9 billion worth of XRP, which it will unlock over the project’s lifetime. Ripple is yet to unlock about $17.9 billion wort...
Top 4 US banks reporting quarterly earnings this week
The 2023 earnings season starts with four major US banks reporting quarterly earnings this week. In light of the Federal Reserve’s tightening of financial conditions, it is interesting to see the impa...
Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for December 2022
Jersey City, NJ –News Direct– Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (“the Trust”), has filed a Form 8-K containing its monthly report for the period...
Top 3 large-cap stocks reporting earnings in the first week of 2023
This year, the winter holidays are on weekends. It means that the markets are open more than normal, and next week it will be busy. That is especially true for stock market investors. In particular, i...
US Government Delays Tax Reporting Rules for Cryptocurrency Brokers – Taxes Bitcoin News
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trilli...
U.S. delays crypto tax reporting rules, as it still can’t define what a ‘broker’ is
A key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. The rules were supposed to be effective in the 2023 tax fi...
IRS to delay $600 payment platform reporting threshold, calls 2022 “transition period”
The Internal Revenue Service is delaying new requirements that require third-party settlement organizations like PayPal and Venmo to report transactions that exceed a minimum threshold of $600 in aggr...
Did Investor Interest In Financial Reporting Peak With Enron?
Near zero interest rates for more than a decade, passive indexing, the rise of machine learning and the absence of an accounting accident since Enron are the key reasons for declining investor interes...
Glassnode Data Reveals Under Reporting Of PoR Assets
While Binance CEO Changpeng “CZ” Zhao tries to calm crypto Twitter about their financial health and withdrawals, Binance FUD seems to take more time. Binance CEO assures customers that their funds are...
Key Republican presses Yellen to issue digital asset reporting rules
Rep. Patrick McHenry is urging the Treasury Department to issue clearer digital asset reporting rules as part of last year’s infrastructure bill and delay compliance requirements for the new rules. &...
China Scales Back Reporting Of Daily Covid Numbers As Infections Rise In Major Cities
Topline China’s health officials on Wednesday announced that going forward the country’s daily Covid-19 case numbers will leave out people with asymptomatic infections—a group that made up a large maj...
CZ Criticizes ‘The Block’ For Intentionally Reporting Against Binance
– Advertisement – Binance CEO comments on SBF’s secret loan to The Block news outlet. Top cryptocurrency stakeholders have continued to react to reports that FTX founder Sam Bankman-Fried ...