August, 2023
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Impacts of the Initial Adoption of CECL
This blog was drafted by my colleague Tessa Brockie, a manager in our Financial Services Group. At the start of 2023, the vast majority of financial institutions adopted CECL. The impact of adoption varied for institutions based on asset size as well as the makeup of the loan portfolio. Although there are conclusions you can […]
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Valuation Considerations for Financial Institutions
This blog was authored by my colleague Gwendolyn Duda, a signing director in our valuations, forensics, litigation, and investigations (VFLI) group. In a time of competitive economic conditions, valuations of financial institutions are increasingly instrumental for supporting business strategy decisions. Financial institutions continue to face near-term headwinds with rising inflation, rising interest rates leading to […]
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Including Digital in Your Budget Process- Part 2 of 2
In Part 1 of this blog series, we focused on the importance of considering digital in your budget process by leveraging data to help identify organizational priorities. As we wrap up this series, we’ve provided foundational best practices to get you on the right path during the upcoming budget season. As a supplement to this […]
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Including Digital in Your Budget Process- Part 1 of 2
Just as the timeless holiday song says, it’s the most wonderful time of the year– budget season! Every year at this time, financial institutions are planning their budget for the upcoming year. If you are part of the budget approval team, not only do you need to make sure you work on your “maybe next year” […]
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New Wisconsin State Tax Exemptions for Financial Institutions
This blog was authored by my colleague Chan-Yu Wang, a tax director in our financial services group. Wisconsin Exempts Certain Commercial and Agricultural Loan Income from State Taxation On July 5, 2023, Tony Evers signed the Wisconsin 2023-2025 budget (2023 Wisconsin Act 19) which included a significant favorable exemption from taxation on commercial and agricultural […]