Remove Accounting Remove CFO Remove Profit and Loss Remove Restructuring
article thumbnail

HSBC CFO: Bank to restructure after Q3 profit drop

Future CFO

HSBC’s CFO Ewen Stevenson said the bank plans to restructure its loss-making businesses after announcing an 18% year-on-year drop in pre-tax profit in Q3 on Monday. The Hong Kong-listed bank reported pre-tax profit of US$4.8 The post HSBC CFO: Bank to restructure after Q3 profit drop appeared first on FutureCFO.

article thumbnail

Does My Business Debt Need Restructuring?

CFO Share

As a turnaround CFO , I have seen too many good small businesses collapse under the weight of unmanageable debt. Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding. Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Do I Recover from Business Financial Fraud?

CFO Share

A bookkeeper or accountant who. Continuously shrinking cash despite profitable financial reporting. Once you have detected fraudulent behavior, it is time to hire forensic accounting services. Forensic accountants investigate, identify, and document fraud. Pursue debt restructuring or apply for additional debt.

article thumbnail

HSBC’s Digital SMB Banking Platform Launches In Beta

PYMNTS

Initially dubbed “Project Iceberg,” HSBC Kinetic aims to connect small businesses with mobile-based banking solutions, including a current account, overdraft and spending and cash flow management analytics. where the FI’s losses were greatest. We haven’t yet sized what that means in terms of the restructuring.”.

Banking 42
article thumbnail

The Good News and Bad News About the World’s Most Troubled Systemic Lender, Credit Suisse

CFO News Room

SNB Chairman Ammar AlKhudairy told CNBC in late October that the stake in Credit Suisse had been acquired at “floor price” and urged the Swiss lender “not to blink” on its radical restructuring plans. . But that number will fall markedly once CS confirms its entire net loss for this year. billion of losses.

article thumbnail

What is EBITDA?

Planful

It is often used as a proxy for cash flow and is a measure of operating profit. Analysts and investors often use EBITDA or EBITDA margins to quickly understand the company’s profitability trends and compare it to its peers within the same industry. Common examples are stock compensation expenses or restructuring charges.

article thumbnail

Musings on Markets: Control, Complexity and Politics: Deconstructing the Adani Affair!

CFO News Room

The India Rising story hit some turbulence last week, as one of its biggest corporate success stories, the Adani Group, was hit with a report from Hindenburg Research, an investing group that specializes in targeting and shorting companies that it believes have dubious accounting and business practices.

Marketing 130