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European Lenders Announce 60K Job Cuts

PYMNTS

European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday (Dec. France, Spain and Switzerland have suffered due to Brexit, slowing economic growth, increasing regulations and the European Central Bank’s negative interest rates.

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Budgeting tips for resilient organisations??

CFO Talks

Resiliency is the foundation for all business models, says Christian Klein, CEO of SAP, in an article published by The World Economic Forum. As businesspeople, this offers us an opportunity: an opportunity to rethink our business models so that resiliency, profitability, and sustainability are not mutually exclusive.”.

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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.

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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
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Advent In Talks To Buy 50 Percent Of Walmart Brazil

PYMNTS

According to Reuters , other private equity firms interested in possibly investing include GP Investments Ltd and ACON Investments LLC. But Walmart has also suffered operating losses in Brazil for the past seven years, due in part to inferior locations, inefficient operations, labor issues and uncompetitive prices.

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The Long Climb Back From Ghana’s Banking Crisis

PYMNTS

The bank went on to note that it had attempted to work with the FIs to move them back to solvency through the actions of their shareholders, but that all closed-down institutions had remained insufficiently capitalized after over a year of attempted restructuring. But when it came time to collect their funds, they found they were unable.

Banking 46
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Control, Complexity and Politics: Deconstructing the Adani Affair!

Musings on Markets

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.