The Office of the Comptroller of the Currency will no longer allow trust companies to obtain banking licenses without deposit insurance. Existing companies will be grandfathered in, but new companies will no longer be exempt.
Nearly 60% of executives prefer recruiting from within to find a CFO, according to a survey by Korn/Ferry International conducted on behalf of CFO.com. A would-be CFO must show he or she has a strong commitment to the company to move forward. He or she must also have a strong accounting and controls background.