Future CFO

OCTOBER 28, 2019

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. Ring-fencing is a rule by which banks in the UK are required to separate their retail business from their riskier wholesale and investment banking business.

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PYMNTS

OCTOBER 23, 2019

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. The company said on Tuesday (Oct. 22) that it is now part of parent company AZA Group, which now encompasses the BitPesa, BFX and TransferZero brands.

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Future CFO

JANUARY 14, 2024

If finance leaders will focus on activities that drive value, fostering a culture of cost consciousness, and communicating the rationale for restructuring, organisations can position themselves for long-term growth and create a more positive and resilient work environment.

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Corporate Finance

SEPTEMBER 20, 2021

Belize has a "superbond" outstanding, which is a combination of previous bond restructurings. Under the terms of the agreement, Belize will invest a significant amount in support of marine conservation aimed at protecting its reefs. Belize is engaged in talks with bondholders to exchange $550 for every $1,000 in par value.

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PYMNTS

OCTOBER 1, 2019

German shipping and logistics company Deutsche Post DHL has investment and expansion plans to capitalize on the growing eCommerce space worldwide, according to a report from Reuters. It aims to see better profits by restructuring and raising prices to raise its 2019 forecast, despite potential global trade difficulties ahead.

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Investments Restructuring Forecasting eCommerce 40

PYMNTS

FEBRUARY 18, 2019

China is looking for foreign investment in its larger state-owned enterprises (SOEs). Some of the changes include introducing private capital, putting an end to overcapacity, shutting down “zombie” subsidiaries and restructuring assets.

Investments 40

Investments Restructuring Banking 40

CFO News Room

DECEMBER 19, 2022

Wynn has committed to investing $2.2 billion investment and MGM plans to invest $2.1 Discovery continued its slide since announcing last week it was increasing its restructuring cost estimates by $1 billion. billion in Macao, while Las Vegas Sands is looking at a $3.75 Tesla — Tesla’s stock rose as much as 3.3%

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Restructuring Forecasting Investments Startups 130

PYMNTS

APRIL 19, 2019

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations.

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B2B Investments Accounts Payable Benchmarking 69

Focus CFO

JUNE 16, 2023

His broad and diverse experience includes supporting a wide variety of businesses, evaluating investments to support growth, driving efficiencies in maturing markets to maintain cash generation, and overhauling struggling businesses through restructuring and implementing controls and process discipline.

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Restructuring Manufacturing Investments Marketing 52

PYMNTS

AUGUST 28, 2020

No question, layoffs (will) come across the board for all the banks,” Barry Schwartz , chief investment officer at Toronto-based Baskin Wealth Management, told Reuters. His firm invests in J.P.Morgan Chase and other banks. and we might see an increase in restructuring.”. We’re starting to see it now. and Wells Fargo.

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Banking Restructuring Economics Finance 108

CFO Thought Leader

OCTOBER 17, 2023

Unbeknownst to McClure—and perhaps even to the firm’s subsequent new CFO hire—a transformative chapter was about to get under way at the security firm that involved a massive restructuring and Chapter 11 bankruptcy. This has been a long time in coming. These are the big operational focuses.

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CFO Restructuring Leadership Finance 59

Barry Ritholtz

MARCH 25, 2023

Becoming “comfortable being uncomfortable” was one of the secrets to her investing success. Mielle was working on restructuring telecom bonds in the early 2000s when 9/11 happened, leading to a restructuring of the airline sector. Post GFC, she ended up working on the paper of Lehman and other financials.

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Restructuring Investments Finance 65

CFO News Room

FEBRUARY 3, 2022

The committee also recommend that the ministry should actively engage with the state governments to avoid any unilateral cancellation/renegotiation of PPAs (power purchase agreements) as it causes uncertainty and negatively affects the investment in the renewable energy sector.

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Finance Banking Restructuring Investments 130

CFO News Room

DECEMBER 9, 2022

related investing news. 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.

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Restructuring Forecasting Economics Retail 130

CFO Share

APRIL 12, 2024

Here’s one piece of universal small business advice to all business owners: invest equal time in financial risk management as growth planning. A significant decrease in revenue can result in layoffs or restructuring. Weekly KPI reporting is an excellent way to detect sales risks early.

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Risk Management CFO Restructuring Sales 104

PYMNTS

SEPTEMBER 7, 2020

The disagreement began when Brigade Capital Management , which is a $28 billion money manager for Citigroup, disagreed with the bank over Citigroup's aid to billionaire investor Ron Perelman in his restructuring of corporate loans for his company Revlon. The break is unusual for the two companies.

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Restructuring Banking Investments Marketing 83

PYMNTS

AUGUST 23, 2020

The pandemic has fueled the need for European banks to restructure following years of poor performance. He told WSJ that he plans to invest in technology to cut costs. In response to decadelong low returns, European banks have been busy restructuring, but it is hard to shrink to greatness.”. In the U.K.,

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Banking Restructuring Numbers Planning 83

PYMNTS

JULY 16, 2018

PayPal Leads Investment In PPRO. Through this investment, PayPal said PPRO plans to accelerate the expansion of its payments platform and the international presence of its alternative payments-acquiring business. Bloomberg reported that Apple is restructuring its team of sales people in India.

Investments 40

Investments Restructuring eCommerce Banking 40

CFO News Room

DECEMBER 15, 2022

Discovery’s stock shed more than 7% after increasing its restructuring cost estimates by $1 billion. The investment bank cited “increased visibility” into the earnings power for Madison Square Garden Entertainment’s venues in New York, and its Sphere venue in Las Vegas, which could boost shares. Warner Bros.

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Entertainment Advertising Restructuring Communication 130

CFO News Room

JANUARY 4, 2023

Earlier this week, Wells Fargo named the stock a top tactical investing idea for the first quarter. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan.

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Restructuring Healthcare Valuation Compliance 130

PYMNTS

FEBRUARY 18, 2020

mainland Europe and its investment bank, the Wall Street Journal (WSJ) reported on Tuesday (Feb. At the same time, HSBC is moving to grow profits by investing in Asia and the Middle East, both rapidly-growing regions. billion restructuring in the next few years. Prices of HSBC’s London-listed shares opened 5.1 Quinn said.

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Restructuring Economics Banking Investments 76

PYMNTS

JANUARY 24, 2020

The company has been dealing with layoffs and restructuring as the marijuana industry continues to evolve, and the once cash-heavy investment industry is seeing less capital lately. . “As The industry investment dried up in about March of last year, according to Viridian Capital Advisors data.

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Restructuring Accounts Payable Retail Investments 54

Barry Ritholtz

DECEMBER 30, 2023

When she returned to Franklin Templeton, she rotated through various divisions, including investment management, distribution, technology, operations, and high-net-worth. 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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Concentration Restructuring Leadership Investments 52

E78 Partners

AUGUST 21, 2023

Macro Investment Market Challenges a Headwind for Private Equity Valuations Private Equity Sponsors are facing their most challenging valuation market since the great recession of 2008-09. These phases are pivotal in assessing deals, making sound investments, and accelerating value creation.

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Planning Valuation Restructuring Leverage 52

Corporate Finance Lab

MARCH 21, 2023

To explore the Proposal in further detail, the Conference on European Restructuring and Insolvency Law ( CERIL ) organises an international conference on 20 and 21 April 2023 in Leiden (the Netherlands). It also aims to promote cross-border investment.

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Restructuring Investments Marketing 51

PYMNTS

JULY 31, 2020

Mark Weinsten, chief restructuring officer of Neiman Marcus Group, argued that the extra pay was justified and made the case that the financials support it. The transfer of MyTheresa to Neiman Marcus’ former shareholders, Ares Management and the Canada Pension Plan Investment Board, was also resolved.

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Restructuring Retail Planning Investments 78

CFO Share

APRIL 25, 2024

A Project Manager Distressed companies have more problems than time to solve them, so CFOs must prioritize the most critical company initiatives, investing their time and effort into the biggest most threatening issues. This is a fine line to walk, which all but the most seasoned finance professionals struggle to maintain.

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CFO Forecasting Restructuring Prioritization 52

CFO Share

APRIL 25, 2024

A Project Manager Distressed companies have more problems than time to solve them, so CFOs must prioritize the most critical company initiatives, investing their time and effort into the biggest most threatening issues. This is a fine line to walk, which all but the most seasoned finance professionals struggle to maintain.

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CFO Forecasting Restructuring Prioritization 52

Accountancy Today

MARCH 1, 2023

It said a multidisciplinary team, led by Restructuring partner Geoff Rowley and FRP Corporate Finance partner Matthew Flower, then worked closely to help Truphone find a solution to the financial and operational challenges it faced.

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Corporate Finance Sales Finance Restructuring 81

PYMNTS

AUGUST 4, 2017

While the firm said it is closing one of its companies “as part of a planned restructure,” and assured that customers wouldn’t be affected, the news did raise concerns over its financial health. PYMNTS breaks down the major AltFin investment rounds below, plus covers the other B2B FinTechs that were able to secure new funding.

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Investments B2B Finance Restructuring 43

PYMNTS

AUGUST 13, 2020

Clear Thinking Group LLC is the company’s restructuring advisor, Foley & Lardner LLP is the company’s restructuring counsel and PJ SOLOMON is the company’s investment banker. It also foresees to close a number — if not each one — of its physical locations. In July, Ascena Retail Group, Inc.

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Retail Restructuring Sales Securities 58

PYMNTS

AUGUST 7, 2020

Toronto-based investment group Brookfield has been forced to skip mortgage payments as stores in its malls miss rent payments, PYMNTS previously reported. That window is closing soon, so if you don’t restructure now when people are more than willing to renegotiate, you’re going to be forced to go to them later.”.

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Retail Restructuring Leverage Securities 141

PYMNTS

AUGUST 1, 2018

Stories include Southeast Asia ride-hailing service Grab on the verge of a huge investment, Huawei knocking off Apple in smartphones, Royal Bank of Scotland getting a reprieve, Shopify shares falling amid a slowdown and solid private sector jobs growth in July. Shopify Shares Fall Amid Slowing Growth During Second Quarter.

Investments 40

Investments Restructuring eCommerce Sales 40

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.

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Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

AUGUST 21, 2020

Reuters reported the New York-based multinational investment bank and financial services corporation filed its third suit in the U.S million from HPS Investment Partners LLC, the New York based capital solutions company, and $109.7 Citigroup Inc. returned to court Friday (Aug. On Tuesday (Aug.

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Risk Analysis Restructuring Valuation Investments 105

PYMNTS

SEPTEMBER 19, 2019

“We have been investing in our capabilities to operate as a digital platform for a considerable length of time,” Karl von Rohr, president of Deutsche Bank , said in the release. A combination of the two German banks via a merger has been under discussion since 2016, before either was forced to restructure.

Banking 75

Banking Mergers and Acquisitions (M&A) Restructuring Valuation 75

Barry Ritholtz

JULY 8, 2023

When she returned to Franklin Templeton, she rotated through various divisions, including investment management, distribution, technology, operations, and high-net-worth. The day Tesla was added to the S&P 500, it became a much riskier investment based on volatility and concentration.

Concentration 62

Concentration Restructuring Leadership Investments 62