The traditional view of a chief financial officer is a bean counter focused on company finances. But the finance function is transforming from being known for saying 'no' to big projects to taking a role in growth and development.
JPMorgan and Goldman Sachs reported fourth quarter results on Wednesday that beat estimates. However, comments from management and the share performance tell a different story: Banks are still struggling with revenue growth.
Allstate managed to keep its losses from Hurricane Sandy to $1.075 billion, less than 5 percent of the company's capital and about what it earned in the third quarter of 2012.
Risk management is a term that conjures up images of dismal back offices where accountants slave away in the blue cast of computer screens. But since the financial crisis, it’s a term that has become headline news. CNBC sat down with Citi's Brian Leach about why risk management matters.