Remove Economics Remove Profit and Loss Remove Restructuring Remove Retail
article thumbnail

Support measures to shield Thai, Indonesian and Philippine banks from asset risks rising on virus surge

Future CFO

Support measures for borrowers will limit the asset quality decline in Thailand, Indonesia, and the Philippines and banks in these countries have sufficient capital and provisions to absorb losses, though the resurgence of coronavirus cases will hinder their economic recovery and raise asset risks for banks , said Moody’s recently.

article thumbnail

Closed Theme Parks Sink Disney Earnings; Q3 Could Be Worse

PYMNTS

The company reported the second-quarter profit of its fiscal year at $460 million, or 26 cents a share, on sales of $18.01 After adjusting for restructuring charges and other effects, Disney reported earnings of 60 cents a share, down from $1.61 billion, up from $14.9 billion in 2019. a share a year ago. “The

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

Advent In Talks To Buy 50 Percent Of Walmart Brazil

PYMNTS

The world’s biggest retailer currently has 471 stores in Brazil , reporting revenues of almost 30 billion reais ($9.4 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. billion) in 2016.

article thumbnail

Data Dive, Fall Chill Edition: Fraudsters, Sears And India’s Data Privacy Laws

PYMNTS

In all, losses to this emerging and increasingly occurring form of fraud reached $40 million in 2017, doubling the $20 million in losses reported 2015. As of September 2018, losses from gift-card fraud have hit $53 million. The official white flag comes after years of attempted restructuring of the once iconic brand.

article thumbnail

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
article thumbnail

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

CFO News Room

Among Indian institutions, LIC is the largest holder with just over 4% of the shares, but the retail investor presence in this company is small, largely because of the low float, though the surge in the company’s price in the last two years has drawn some traders to it.

Marketing 130
article thumbnail

Transcript: Tom Wagner, Knighthead Capital

Barry Ritholtz

They just restructure their balance sheet, and if they’re smart, they restructure their operations as well to fix the issues that ultimately led them getting into bankruptcy. And it was the most profitable day of trading I’d ever had. And in real estate lending, that’s all about avoiding loss.