PYMNTS

OCTOBER 30, 2019

Germany’s Deutsche Bank reported a net loss below market expectations amid a restructuring plan that includes about 18,000 layoffs, The Wall Street Journal (WSJ) reported Wednesday (Oct. The restructuring has Deutsche Bank leaving equities trading along with other operations that aren’t profitable. in the coming months.

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PYMNTS

SEPTEMBER 24, 2019

Chinese regulators have given the green light to Alibaba to restructure Ant Financial, which will open a path for an initial public offering (IPO) for the Chinese payments company. . The proposed restructuring will happen with Alibaba exchanging 37.5 percent of pre-tax Ant Financial profit for a 33 percent stake in equity.

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Future CFO

FEBRUARY 26, 2020

Many companies in Asia Pacific will be forced to restructure operations to stay afloat if the new Coronavirus outbreak (COVID-19) worsens, said Tricor Group that recently released its COVID-19 Business Sentiment and Resilience Barometer Report. . Key findings .

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PYMNTS

JUNE 4, 2019

Wells Fargo announced Tuesday (June 4) it has restructured its Commercial banking business. Under the new structure, the unit will have more than 6,000 employees across twenty-four divisions and eighty markets nationwide. They will provide industry expertise, customized services, and local support to its customers.

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CFO News Room

JANUARY 18, 2023

That said, about 31% of the net profits of all publicly traded firms listed globally in 2021 were generated by financial service firms; that percent is lower in the US and higher in emerging markets. IFRS and GAAP now treat as leases as debt, but that is still not the case in many other markets that are not covered by either standard).

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CFO Leadership

JANUARY 25, 2024

The current office market landscape is witnessing a pronounced downturn, primarily catalyzed by the pervasive adoption of hybrid work models, resulting in substantial disruptions across major central business districts (CBDs) in the United States. Vacancy rates are ascending, and rental rates are on a downward trajectory.

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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 potential for frontier markets continues to increase and becomes more globally relevant,” she continued.

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Future CFO

JANUARY 2, 2024

At the backend, a fast-paced financial restructuring was taking place. “We MAG was one of the first aviation groups to embark on a restructuring during the pandemic. This proved to be a challenging feat as MAG has over 75 major creditors/lessors from across the world impacted by the restructuring.

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CFO Leadership

JANUARY 5, 2024

The current office market landscape is witnessing a pronounced downturn, primarily catalyzed by the pervasive adoption of hybrid work models, resulting in substantial disruptions across major central business districts (CBDs) in the United States. Vacancy rates are ascending, and rental rates are on a downward trajectory.

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PYMNTS

APRIL 21, 2020

In many ways, it was great news for small businesses, whose owners sought ways to obtain a loan in the same digital-native ways they sought financing as individuals, and needed more options as traditional lenders pulled back from the SMB market. Finding the right loan product is only part of the middle-market borrowing puzzle.

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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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PYMNTS

MAY 21, 2020

Seattle-based Amazon is ramping up its operations in India’s growing market by launching Amazon Food, which will deliver prepared meals. could see a permanent market restructuring that has $158 billion in brick-and-mortar sales moving to online shopping. The company already offers grocery delivery in many Indian cities.

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PYMNTS

JANUARY 29, 2020

29) as part of what it termed a “corporate restructuring.” The layoffs will hit about 90 people, and will consist of jobs in the marketing and enterprise sales departments. In the marketing arena, Lyft will be focusing on regional teams now, rather than state-by-state teams as it had previously.

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CFO News Room

NOVEMBER 26, 2022

in the premarket, following a report by RBC Capital that said Deutsche Bank’s restructuring progress has been overlooked by investors. Nonetheless, the stock rose 1% in the premarket. Deutsche Bank (DB) – The German bank’s U.S.-traded traded shares added 2.4% in the premarket, on top of its 28.9%

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CFO News Room

NOVEMBER 6, 2022

Discovery reported third-quarter revenue that missed analysts’ expectations , citing a tougher backdrop for advertising and elevated costs from its restructuring. Discovery — The stock dipped 5% after Warner Bros. Source link.

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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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Future CFO

DECEMBER 18, 2020

FutureCFO spoke to three executives for their expressed views on the impact of COVID-19 on the Asia Pacific’s (APAC) credit market: Mike San Diego, chief financial officer at JK Capital Finance; James Ponsford, regional director & growth leader, Credit Solutions, Asia at Aon; and Matthew Wells, APAC regional commercial director for Euler Hermes.

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PYMNTS

JANUARY 31, 2019

According to a study by the accountant firm Price Bailey, restaurants are struggling because of the proliferation of delivery apps, and also the saturation of the market. Many middle-market eateries expanded too quickly, Price Bailey said, and that meant too many restaurants were fighting for the same customers.

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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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CFO News Room

JANUARY 9, 2023

MoffettNathanson initiated coverage of the human resources software provider with a market perform rating, saying shares have 12% upside to the firm’s $68 price target. Ceridian HCM — Ceridian HCM shares rose 5%. Monolithic Power Systems – Shares of Monolithic Power Systems gained 6.4% Oracle – Oracle advanced 2.6%

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CFO News Room

DECEMBER 19, 2022

Discovery continued its slide since announcing last week it was increasing its restructuring cost estimates by $1 billion. Analysts said the stock could gain more than 20% as the global music streaming market grows. Warner Bros Discovery — Warner Bros. Shares were down more than 5% in midday trading.

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CFO News Room

DECEMBER 15, 2022

Discovery’s stock shed more than 7% after increasing its restructuring cost estimates by $1 billion. Cowen also downgraded the stock to market perform from an outperform rating. Warner Bros. Discovery – Warner Bros. Lennar – Shares of Lennar rose about 2% after the homebuilder reported mixed results for its most recent quarter.

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CFO News Room

JANUARY 4, 2023

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. On Wednesday, Daiwa Capital Markets reiterated its buy rating and $65 price target, which implies 29% upside from Tuesday’s close.

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CFO News

FEBRUARY 20, 2023

In India, retail and wholesale prices of alcohol are controlled by states that account for over 65% of the overall market, making it difficult for companies to raise prices quickly.Companies said they are advocating both for immediate price increases as well as for a more fundamental restructuring of the way prices are handled for the industry.

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CFO Share

APRIL 12, 2024

A significant decrease in revenue can result in layoffs or restructuring. Competitive Risk Management Your marketing department’s full-time job is monitoring and beating competitors to win your target customer. Have a well-defined marketing strategy and deploy it strongly and consistently across your chosen channels.

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PYMNTS

MARCH 2, 2020

and another one is ready to open, both of them seeking a new market as their home turf sees retail struggles. We’re excited to bring our vertically integrated model to the United States, the largest home improvement market in the world,” a Wren Kitchens spokesperson said. market in terms of marketing and real estate is substantial.

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CFO News Room

JANUARY 3, 2023

The firm said the stock has an “interesting” risk/reward for investors looking for a “restructuring story.” Citigroup — The bank stock gained 1.4% after Bank of America reiterated it as a buy.

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Future CFO

NOVEMBER 9, 2023

But the IMF expects gr owth —dragged down by the weak property market and subdued external demand—to slow to 4.6% next year. "We We have revised up growth by 0.4 In response to the growing local debt, China’s Politburo said earlier this year that measures would be announced to reduct debt risks.

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CFO News Room

JANUARY 5, 2023

The company said it is exploring financial options including restructuring, seeking additional capital or selling assets, in addition to a potential bankruptcy. Bed Bath & Beyond — The home goods retailer plummeted 24% after reporting it’s running out of cash and is considering bankruptcy , citing weaker-than-expected sales.

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CFO News Room

DECEMBER 9, 2022

These debtholders are joining together amid reports earlier this week that the company is looking to restructure its debt, the paper said. Carvana — Shares of Carvana rose 2% after lenders told The Wall Street Journal that they don’t anticipate the online car seller will file for bankruptcy soon.

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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). More specifically, the Commission aims to make substantive insolvency regimes more coherent by reducing legal uncertainty.

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CFO News Room

NOVEMBER 8, 2022

directly via email: Resources Featured In This Episode: Looking for sample client service calendars, marketing plans, and more? And we’re going to talk about what’s going on in the markets, briefly talk about the portfolio. Get notified of the latest episodes (and all our research as it’s released!) Cean: Thanks, Michael.

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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. to minimise surprises by mitigating risks and taking advantage of market opportunities.

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Accountancy Today

DECEMBER 16, 2021

Geoff Rowley, CEO, said: “The markets we operate in have been mixed. The corporate finance market is highly active as capital continues to be deployed. During the six-months, the total number of formal company insolvencies (including administrations) was 8,409, which is a 43% increase on the prior period (H1 2021: 5,873).

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PYMNTS

JULY 25, 2018

Banco Santander was able to offset emerging market currency volatility and a slowdown in U.K. With Brazil, the largest market for Santander has been relying on that for growth. percent, with the bank blaming its interests in Santander Consumer USA and the restructuring of Banco Popular.

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Barry Ritholtz

JULY 13, 2023

My morning train reads: • Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull : The same handful of megacap names that led the market down have been powering the latest surge. The $10 billion event-driven is a deep value-focused investor specializing in companies that need financial and operational restructuring.

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PYMNTS

NOVEMBER 4, 2020

London-based Lloyd’s plans to cut roughly 730 additional jobs as part of its ongoing restructuring plan, which had been put on hold earlier this year due to the COVID-19 pandemic. The job cuts will be largely in its technology and retail operations. While the bank intends to create 300 new jobs, it will eliminate more than 1,000.

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