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Deutsche Bank Posts $924M Loss As Restructuring Continues

PYMNTS

Germany’s Deutsche Bank reported a net loss below market expectations amid a restructuring plan that includes about 18,000 layoffs, The Wall Street Journal (WSJ) reported Wednesday (Oct. The restructuring has Deutsche Bank leaving equities trading along with other operations that aren’t profitable.

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MiB: Jenny Johnson, Franklin Templeton CEO 

Barry Ritholtz

When you have a momentum market [like now] and you have five companies that take their 25% of the index, a professional manager gets nervous by that type of concentration, say the S&P 500. The day Tesla was added to the S&P 500, it became a much riskier investment based on volatility and concentration.

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MiB: Jenny Johnson, Franklin Templeton CEO 

Barry Ritholtz

When you have a momentum market [like now] and you have five companies that take their 25% of the index, a professional manager gets nervous by that type of concentration, say the S&P 500. The day Tesla was added to the S&P 500, it became a much riskier investment based on volatility and concentration.

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Cash in times of crises: Lessons from 2020-2022

Future CFO

The Group also completed a successful restructuring which helped to strengthen its financial and cash position,” she added. She also cited regaining financial institutions’ confidence in the Group post-restructuring as another challenge. “This was addressed through the institution of daily cash monitoring and management.

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Strategically Assessing Platforms for Successful M&A Growth

E78 Partners

During these periods of concentrated growth, organizations must assess their company’s “platform infrastructure” to identify scalability gaps that could negatively impact critical business processes, customer relationships, and which could also overwhelm valuable employees.

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Setting Your B2B Sales Strategy in a Downturn

CFO News Room

Sellers need to avoid a spread-the-peanut-butter approach and instead concentrate resources on the most promising opportunities. Through cuts, restructuring, and resource reallocation, Google seeks to become “20% more efficient.”.

B2B 100
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UK Department Store Group Debenhams Requests Five-Month Rent Freeze

PYMNTS

The group also recently asked for a drop in business rates and rent in relation to its balance sheet restructuring, which could potentially involve a process that would turn 100 million pounds ($122.4 The chain went through two insolvency events in 2019, and it expects the virus to adversely affect trading. million) of debt into equity.