Remove Numbers Remove Planning Remove Profit and Loss Remove Restructuring
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HSBC To Eliminate As Many As 300 UK Commercial Banking Jobs

PYMNTS

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.

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The Good News and Bad News About the World’s Most Troubled Systemic Lender, Credit Suisse

CFO News Room

Let’s begin with the good: on Wednesday an overwhelming majority of its shareholders green-lighted the bank’s capital expansion plan, despite the fact it will heavily dilute the value of their own holdings. The second part of the plan involves Credit Suisse offering 889 million new shares to existing shareholders at a price of 2.52

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Closed Theme Parks Sink Disney Earnings; Q3 Could Be Worse

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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. a share a year ago.

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What is EBITDA?

Planful

It is often used as a proxy for cash flow and is a measure of operating profit. Analysts and investors often use EBITDA or EBITDA margins to quickly understand the company’s profitability trends and compare it to its peers within the same industry. Common examples are stock compensation expenses or restructuring charges.

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The Long Climb Back From Ghana’s Banking Crisis

PYMNTS

billion) for an effort that has seen the number of lenders in the nation reduced by a third to 23, savings and loans companies reduced to 25 from 40, finance houses trimmed to 11 from 19, and micro-finance and micro-credit lenders reduced by roughly 70 percent to 168, from 554. So far the government has paid at least 12 billion cedis ($2.2

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

CFO News Room

Given the historical roots of the biggest Indian family groups, the Adani Group has been a recent entrant, not making the top ten list (in terms of either operating metrics like revenues or market-based numbers like market capitalization or enterprise value) as recently as ten years ago, and barely making the top ten list five or six years ago.

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

PYMNTS

It turns out that gift cards are the preferred mode of payment for an increasing number of fraudsters — 26 percent last year. 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. According to the filing, Sears lists $6.9