Barry Ritholtz

JULY 18, 2023

My Two-for-Tuesday train WFH reads: • Good News-Bad News About the Economy : The hard part about markets and the economy is that there are often conflicting signals about what’s going on. The $10 billion event-driven is a deep value-focused investor specializing in companies that need financial and operational restructuring.

Profit and Loss 95

Profit and Loss Restructuring Investments Accounting 95

PYMNTS

DECEMBER 8, 2019

European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday (Dec. The region’s struggling financial institutions are mostly comprised of investment banks suffering from a combination of revenue declines and market share losses to U.S. In the U.K.,

Profit and Loss 56

Profit and Loss Restructuring Auditing Economics 56

PYMNTS

OCTOBER 21, 2016

The company also announced Nina Barjesteh as the new marketing chief and the creation of a new position of chief customer officer. 11 that profits were up by 69 percent in the latest quarter. 28, profits were up from a year earlier by $58 million, and revenue was up 3.8 A restructuring pact has been established with lenders.

Retail 55

Retail Marketing Profit and Loss Restructuring 55

CFO Talks

JUNE 20, 2022

As businesspeople, this offers us an opportunity: an opportunity to rethink our business models so that resiliency, profitability, and sustainability are not mutually exclusive.”. Research from Investment Week shows a positive link between relative market performance and strong Environmental, Social, and Governance (ESG) rating.

Budgeting 52

Budgeting Profit and Loss Manufacturing SAP 52

PYMNTS

NOVEMBER 7, 2019

Samir Assaf, HSBC head of global banking and markets, shared the news with other seniors bankers on Tuesday (Nov. HSBC interim CEO Noel Quinn, who is currently trying to restructure the bank in the wake of its relatively poor performance, will now have to deal with the compliance issues as well. We need to get those returns up.

Compliance 40

Compliance Profit and Loss Restructuring Banking 40

PYMNTS

NOVEMBER 6, 2019

The news comes as the bank reported a net loss below market expectations amid a restructuring plan that includes about 18,000 layoffs. The lender reported a net loss of $924 million (832 million euros) for the third quarter of 2019. This is the second quarterly loss for Deutsche Bank, which triggered a 7.9

Banking 40

Banking Profit and Loss Restructuring Concentration 40

PYMNTS

NOVEMBER 11, 2019

The bank also plans to expand Kinetic into new geographic markets. According to the news outlet, HSBC’s newest small business digital banking offering is one of several rolling out in the market from traditional High Street lenders that are facing higher pressure from FinTechs. where the FI’s losses were greatest.

Banking 42

Banking Profit and Loss Restructuring Budgeting 42

Barry Ritholtz

JULY 19, 2023

My mid-week morning train WFH reads: • Is Rolex a Non-Profit? Teddy ) • Jerome Powell’s Prized Labor Market Is Back. The Federal Reserve chair spent the early pandemic bemoaning the loss of a strong job market. Answers to Your Burning Questions About the Rolex Watch Company. Can He Keep It?

Profit and Loss 52

Profit and Loss Advertising Restructuring Investments 52

PYMNTS

MARCH 4, 2020

As it pursues profitability and aims to reduce expenditures, economy hotel firm OYO is reducing its worldwide workforce by 5,000 individuals. The spokesperson said, per the report, “The global restructuring exercise at OYO was announced in January 2020, and the recent developments in China are in line with the same.

Profit and Loss 52

Profit and Loss Restructuring Finance Marketing 52

PYMNTS

OCTOBER 14, 2020

14), Wells Fargo called out strong mortgage banking fees, higher equity markets and declining sequential charge-offs as positives for the period. “As But the silver lining to that figure is that the loan-loss provision is down from $9.5 Despite reporting rough overall Q3 results Wednesday (Oct. billion in Q2. billion.

Profit and Loss 82

Profit and Loss Restructuring Economics Banking 82

PYMNTS

APRIL 4, 2019

That will bring Youzan’s net proceeds to $910 million HK, which will be used to fund system upgrades, product development, marketing, promotion of services and general working capital. So far, Hangzhou-based Youzan has yet to turn a profit. In fact, it posted a loss of $839.4 million HK in the last financial year.

eCommerce 51

eCommerce Profit and Loss Restructuring Investments 51

PYMNTS

AUGUST 16, 2018

. “In terms of profit, this has been a quarter that Walmart would rather forget,” Saunders said. billion loss from the sale of 80 percent of Walmart Brazil pushed the company into the red by $861 million. “Operating income fell by 3.7 percent, a relatively weak outcome. At the net level, a $4.5

Profit and Loss 40

Profit and Loss Restructuring Forecasting eCommerce 40

PYMNTS

AUGUST 22, 2019

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.

Banking 46

Banking Profit and Loss Restructuring Finance 46

Cube Software

MAY 11, 2023

The answers—based on different sources of data like market research or historical sales information—guide internal decision-making to promote regular, sustainable growth as well as create contingency plans for worst-case or best-case scenarios. For example, they might ask, "what if our revenue decreases by 20%?"

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40

PYMNTS

MAY 8, 2018

Net losses clocked in at $31.7 On the upside, that is a decline: Net losses a year ago were around $52 million. Front-end improvements have been paired with back-end restructuring; operational problems at a warehouse in New Jersey stalled — and in some cases even stopped — infrastructural growth.

Profit and Loss 40

Profit and Loss Restructuring Retail Numbers 40

Musings on Markets

DECEMBER 2, 2020

In this post, I will argue that there are good reasons for Airbnb's IPO timing, and make my first attempt at valuing this latest entrant into public markets. By the start of 2020, Airbnb had already become one of the largest players in its market of vacation and travel rentals, a sign of success, but also a crimp on future growth.

Profit and Loss 52

Profit and Loss Valuation Investments Numbers 52

PYMNTS

MAY 26, 2016

Now, when a retailer with regional and sometimes even international reach crumbles under the weight of its own lagging financials, the shockwaves it sends across the industry can be enough to throw its competitors – otherwise ecstatic about the loss of a rival – onto unbalanced footings of their own. Bankruptcies. Store Closures.

Profit and Loss 40

Profit and Loss Restructuring Retail Sales 40

CFO News Room

NOVEMBER 25, 2022

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. And not until 2025.

Profit and Loss 100

Profit and Loss Restructuring Banking Planning 100

PYMNTS

OCTOBER 15, 2016

Then they would like to see it get fixed and get a new model to market. The loss of the $882 flagship phone comes at a particularly inopportune time for Samsung, as Google is pushing its new high-end Pixel phone out to be the high-end competitor for those who are less than enamored of iOS or Apple products. billion range — with a $2.3

Profit and Loss 72

Profit and Loss Restructuring Banking Sales 72

CFO News Room

FEBRUARY 5, 2023

The History The Adani Group, founded by Gautam Adani, started life as a commodity trading partnership business in Gujarat, and listed on stock markets in 1994, as Adani Exports, with a large chunk of its revenues coming from its operation of a local port in Mundra, with a subsequent entry into the edible oil business.

Marketing 130

Marketing Investments Auditing Restructuring 130

Barry Ritholtz

JULY 18, 2023

And you know when I was in business school from 97 to 99, we had kind of a hiccup in the markets in the fall of 98… RITHOLTZ: Long-term capital management and the Russian default. I went back to business school to prosecute my path of moving from public accounting into the capital markets. WAGNER: Exactly. And I was a career-changer.

Investments 52

Investments Profit and Loss Restructuring Accounting 52

Barry Ritholtz

MARCH 27, 2023

And so that’s when I thought, you know, there might be a hole in the market. It can be even a change in regulation or in market, where suddenly volatility picks up and the interest of bondholders and shareholders are at odds. RITHOLTZ: So you were very actively involved in the restructuring of the airlines post 9/11.

Investments 110

Investments Restructuring Profit and Loss Finance 110

Barry Ritholtz

JUNE 13, 2023

And so late 90s, that’s the emergence of the high yield market in Europe, you would print deals like never before. Now, on the positive and the silver lining was that this whole situation started putting a lot of light on, let’s say, the alternative market. Is it just the size of the US market? I think we learned a lot.

Investments 57

Investments Banking Entertainment Valuation 57

Musings on Markets

FEBRUARY 4, 2023

The History The Adani Group, founded by Gautam Adani, started life as a commodity trading partnership business in Gujarat, and listed on stock markets in 1994, as Adani Exports, with a large chunk of its revenues coming from its operation of a local port in Mundra, with a subsequent entry into the edible oil business.

Investments 100

Investments Valuation Auditing Restructuring 100

Barry Ritholtz

OCTOBER 3, 2023

[ Gary Cohn ] 00:03:56 So two years earlier, and now we’re going back in time, the summer of 80, for those of you that remember the summer of 80, the Hunt brothers at that point were silver, were exactly, were trying to corner the gold and silver market. They were buying the, the Comex market. It was brand new.

Marketing 108

Marketing Treasury Banking Profit and Loss 108

PYMNTS

OCTOBER 6, 2017

Other than perhaps the very largest players in the game, most loan lenders can’t soak that kind of volume loss, since payday lending (contrary to public opinion) is not a high-margin business to start with. That destruction is necessary, according to CFPB director Richard Cordray.

Profit and Loss 51

Profit and Loss Currencies Restructuring Banking 51

PYMNTS

OCTOBER 6, 2017

Other than perhaps the very largest players in the game, most loan lenders can’t soak that kind of volume loss, since payday lending (contrary to public opinion) is not a high-margin business to start with. That destruction is necessary, according to CFPB director Richard Cordray.

Profit and Loss 40

Profit and Loss Currencies Restructuring Banking 40