Accountancy Today

JANUARY 17, 2023

Commenting on the figures, Colin Haig, partner and head of Restructuring at Azets, said: “It’s inevitable that failure statistics will uptick regularly in UK but that’s not the whole story. The more constructive options of air cover via a moratorium or a restructuring plan are viable for businesses that consult early.

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Restructuring Construction Numbers Economics 96

CFO News Room

NOVEMBER 6, 2022

People who are certain that global warming will soon destroy humanity unless we radically restructure our way of life by abandoning fossil fuels have no sympathy for anyone who disagrees, nor who merely points to downsides of restricting fossil-fuel use. Some examples. Get notified of new articles from Donald J. Boudreaux and AIER.

Economics 130

Economics Restructuring 130

PYMNTS

FEBRUARY 18, 2020

Also, HSBC cuts 35,000 jobs and $100 billion in assets in a streamlining and restructuring effort. Japanese Sales Tax Triggers 6 Pct Economic Contraction. In today’s top news, Alibaba has made almost $3 billion in loans available for companies hurt by the coronavirus, and Japan’s recent sales tax triggers fears of a recession.

Economics 52

Economics Sales Restructuring Investments 52

PYMNTS

OCTOBER 22, 2020

HSBC will be restructuring its commercial banking business in Britain which will result in 300 job cuts, according to Reuters. The cuts come as part of Europe's largest bank's larger restructuring effort from earlier this year, with HSBC looking to cut costs worldwide as the ability to boost revenues becomes more difficult.

Restructuring 91

Restructuring Profit and Loss Banking Economics 91

PYMNTS

AUGUST 28, 2020

and Canadian banks are all but certain to cut personnel costs as the COVID-19 shock gives way to more long-term economic problems, even though the CEOs of some banks pledged this past spring to not lay off employees, per sources as reported by Reuters on Friday (Aug. and we might see an increase in restructuring.”. and Wells Fargo.

Banking 108

Banking Restructuring Economics Finance 108

CS Lucas

MARCH 23, 2023

In current uncertain economic times, cash flow forecasting is becoming an ever more important tool for companies. Restructuring your treasury functions to changes swiftly requires modernization, flexibility and preparation.

Forecasting 52

Forecasting Cash Flow Forecasting Restructuring Treasury 52

CFO News Room

DECEMBER 9, 2022

The firm’s analyst cited falling demand amid weaker economic conditions. These debtholders are joining together amid reports earlier this week that the company is looking to restructure its debt, the paper said. In the third quarter, the company beat Wall Street’s expectations on the top and bottom lines.

Restructuring 130

Restructuring Forecasting Economics Retail 130

The Finance Weekly

JANUARY 12, 2023

While 2023 has just started, the economic turbulence that has carried over from 2022 is as strong as ever. CEO Marc Benioff took some level of responsibility in a statement: “As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that.”.

Economics 105

Economics Restructuring Manufacturing Startups 105

PYMNTS

FEBRUARY 18, 2020

billion restructuring in the next few years. The reorganization is happening as the financial winds change course due to politics, economic uncertainty, U.S.-China He added that the coronavirus outbreak has led to lowered expectations for economic expansion in Asia. . China trade tensions and Hong Kong demonstrations.

Restructuring 76

Restructuring Economics Banking Investments 76

E78 Partners

APRIL 11, 2023

Today’s global financial landscape is fraught with high inflation, geopolitical risks, and a shifting economic environment. In addition, emerging geopolitical tensions have increased the potential for economic and financial fragmentation, posing risks to cross-border capital allocation and global financial stability.

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Restructuring Financial Systems Communication Economics 52

PYMNTS

JULY 13, 2020

The law was designed in large part to help save jobs, and ended up being rather prescient, taking effect right as the debilitating pandemic set in in mid-March, according to restructuring and bankruptcy attorney Ryan Wagner with Greenberg Traurig.

Restructuring 62

Restructuring Economics Leverage 62

Future CFO

FEBRUARY 13, 2023

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.

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

Future CFO

OCTOBER 19, 2023

The forecast corporate default rate reflects slowing global economic growth, an uneven rebound of China's economy, and continued tight monetary policy and high interest rates globally, the firm noted. “We Companies that have already defaulted, with many undergoing debt restructuring, account for the bulk of these maturities ($47 billion).

Restructuring 52

Restructuring Forecasting Leverage Accounting 52

Beacon CFO Plus

SEPTEMBER 13, 2022

Your fractional CFO can build cash flow forecasts on a weekly, monthly, quarterly, or yearly basis, and ramp up forecasting as needed if your organization is restructuring, navigating a time of economic instability, or going through an acquisition. .

Cash Flow Forecasting 52

Cash Flow Forecasting Forecasting CFO Restructuring 52

Accountancy Today

APRIL 18, 2023

Commenting on the figures, Christina Fitzgerald, president of R3, the insolvency and restructuring trade body, and a partner at Edwin Coe LLP, said: “The rise in corporate insolvencies – to the highest levels for more than three years – has been driven by increasing numbers of Creditors’ Voluntary Liquidations, which are also at a three-year high.

Restructuring 52

Restructuring Numbers Economics Finance 52

The Charity CFO

JULY 14, 2022

Having a grasp on your cash flow is ALWAYS important, but even more so in the face of economic and fundraising uncertainty brought on by a global or national recession. Take a hard look at which debt you can pay off or restructure now to reduce your monthly payments. Keep Your Debt to a Minimum. Every quarter? Every year?

Nonprofit 105

Nonprofit CFO Economics Restructuring 105

PYMNTS

JANUARY 20, 2021

Chinese regulators have since ordered Ant to restructure its business and have launched an antitrust probe into its sibling company, Alibaba , Bloomberg added. The move comes in the wake of the abrupt cancellation by Beijing of Ant’s hotly anticipated initial public offering (IPO) in November.

Restructuring 70

Restructuring Valuation Education Economics 70

Future CFO

OCTOBER 21, 2020

Chinese onshore and offshore corporate bond defaults will continue to rise over the next 12 months due to the country's slower economic growth, companies' weak liquidity profiles and investors' heightened risk aversion, said Moody's Investors Service recently. Post-default, recovery paths and levels will both vary, according to Moody’s.

Restructuring 40

Restructuring Economics Forecasting Investments 40

CFO Simplified

FEBRUARY 11, 2022

Over the past two years, the US federal government has given billions of dollars to businesses, including through Paycheck Protection Program (PPP) loans, Economic Injury Disaster Loan (EIDL) grants, and Employee Retention Credit (ERC) tax rebates. When economic winds change, small and middle-market companies must be able to pivot.

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Planning CFO Economics Restructuring 98

PYMNTS

OCTOBER 28, 2020

The effort is part of the retailer's restructuring plan. In July , it was reported that Bed Bath & Beyond would close 200 stores over the next two years due to the economic effects of the pandemic. Sales had plummeted 50 percent in the early part of the year, falling from $2.57 billion to $1.31 billion.

Restructuring 79

Restructuring Retail Economics Sales 79

CFO News Room

JANUARY 11, 2023

The emerging winners will be the ones who take a more nuanced approach, tailoring the answer to the strength of their own products and markets, as well as to how economic uncertainty affects their customers. Through cuts, restructuring, and resource reallocation, Google seeks to become “20% more efficient.”.

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B2B Sales Concentration Restructuring 100

PYMNTS

JULY 2, 2020

She said there could be more cuts coming due to adverse economic conditions. “We The company was able to reach a deal with most of its lenders that afforded it another $450,000 to stay afloat during its restructuring. Meanwhile, Golds Gym filed for Chapter 11 in early May, amid a plan to shutter 32 locations.

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Restructuring Communication Retail Economics 88

PYMNTS

DECEMBER 28, 2020

Will Chinese Authorities Force Ant To Restructure? . Howard Yu , LEGO professor of management and innovation and director of IMD’s signature program, Advanced Management Program (AMP), told Karen Webster last month that regulators would soon force Ant to restructure to address such concerns.

Restructuring 67

Restructuring Foreign Exchange Compliance Financial Systems 67

CFO News Room

NOVEMBER 8, 2022

Because the economics of profitability start showing up particularly when you’re starting to hire other advisors and staff and team. So, now, help us understand how this evolved and where the challenges had come as this was evolving that got you to the point that you had to do some restructuring to make it this. Cean: Yeah.

Restructuring 130

Restructuring Planning Accounting Marketing 130

PYMNTS

FEBRUARY 7, 2020

The latest signs come from Macy’s , which in recent days announced a restructuring that will see the mall stalwart close 125 department stores and slash 2,000 jobs. 4), Gennette emphasized that the company has a “clear vision” of how it will “fit into retail today” as he unveiled the restructuring plan.

Retail 57

Retail Restructuring eCommerce Sales 57

VCFO

JULY 12, 2022

Business leaders, investors, and market watchers are increasingly concerned about the possibility of an economic downturn in the relatively near future. Below are several suggestions for businesses to position themselves to weather potential economic distress and emerge stronger on the other side.

Benchmarking 80

Benchmarking Restructuring Economics Technology 80

PYMNTS

MARCH 19, 2020

The plans were angling at a restructuring for the bank, amid several global social and political factors. Now it’s back to the drawing board for Quinn, who will review the impacts of the virus at multiple levels including social, political and economic, as countries like Italy and the U.S.

Restructuring 53

Restructuring Economics Planning Securities 53

PYMNTS

APRIL 1, 2020

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

Restructuring 43

Restructuring Economics Treasury Banking 43

CFO Share

MARCH 10, 2023

What will happen to SVB in receivership Receivership is an orderly restructuring or liquidation of a company – in the case of SVB, the FDIC. Savvy business owners will be more cautious about investing money this next few weeks, slowing down the movement of money and economic growth. Stay tuned to what happens Monday March 13th.

Restructuring 40

Restructuring Forecasting Communication Banking 40

PYMNTS

OCTOBER 14, 2020

As we look forward, the trajectory of the economic recovery remains unclear as the negative impact of COVID continues and further fiscal stimulus is uncertain,” CEO Charles Scharf told investors on the company’s earnings call. Despite reporting rough overall Q3 results Wednesday (Oct.

Profit and Loss 82

Profit and Loss Restructuring Economics Banking 82

PYMNTS

MARCH 19, 2020

The acceleration of economic effects of the coronavirus has Britain’s Association of Corporate Treasurers (ACT) asking the banks to speed up the flow of credits to companies, according to a Reuters report. The economic effects of the coronavirus are already taking a toll in the U.K.,

Restructuring 56

Restructuring Economics Banking Finance 56

Future CFO

DECEMBER 18, 2019

Compared to banks, finance companies are more vulnerable to economic downcycles because of higher exposure to cyclical sectors like distressed asset management, real estate and infrastructure,” noted Rebaca Tan, a Moody’s assistant vice president and analyst.

Banking 40

Banking Restructuring Economics Finance 40

Spreadym

NOVEMBER 23, 2023

Lower OPEX can indicate a more efficient use of resources, which might attract investors or indicate a company's ability to weather economic downturns. Certain expenses, like restructuring costs or one-time expenses, aren’t always captured within standard OPEX, impacting the analysis of overall business expenses.

Financial Analysis 59

Financial Analysis Benchmarking Restructuring Cost Management 59

Spreadym

SEPTEMBER 12, 2023

It's important to note that the budget planning process should be flexible and adaptive to changing economic conditions, industry trends, and internal developments. Effective budgeting involves collaboration between various departments and stakeholders within a company to ensure that financial goals are realistic and attainable.

Budgeting 59

Budgeting Strategic Planning Forecasting Economics 59

PYMNTS

APRIL 22, 2020

As seen over the past two weeks, the leading department stores have either declared bankruptcy, expressed an intent to do so or have fought to restructure debt. When economic activity starts to resume, Kane believes that the “unknowns” will become more significant. None, however, are accepting the label “toast.”

Restructuring 52

Restructuring Retail Economics Sales 52

E78 Partners

AUGUST 24, 2023

Recognizing the Signs: When to Consider an Interim CFO Business Transformation: If your company is undergoing a significant transformation, such as a merger, acquisition, or restructuring, an Interim CFO can navigate complex financial matters, assess risks, and ensure smooth transitions.

CFO 52

CFO Leadership Restructuring Strategic Planning 52

PYMNTS

DECEMBER 8, 2019

France, Spain and Switzerland have suffered due to Brexit, slowing economic growth, increasing regulations and the European Central Bank’s negative interest rates. The costs of reducing overcapacity through restructuring?.?.?.?are Lenders across Germany, the U.K., The workforce at Europe’s 10 largest banks is down to 1.1

Profit and Loss 56

Profit and Loss Restructuring Auditing Economics 56