PYMNTS

MAY 19, 2020

Securities and Exchange Commission, that would bring the number to 604 total, Fox Business reported. The company had also just avoided defaulting by way of a $17 million payment to a senior secured term loan credit facility. JCPenney is also expected to have more store closings. According to the U.S.

Restructuring 110

Restructuring Retail eCommerce Securities 110

Future CFO

FEBRUARY 13, 2023

We onboarded with Docusign to facilitate more secure digital signatures for transactional and legal documents. We also started to utilise Power BI for the creation of consolidated reporting materials that are easy to digest instead of referring to heavy excel sheets for the numbers. “We

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

JULY 23, 2020

The retailer and “certain of its subsidiaries” have come to a restructuring support agreement (RSA) with more than 68 percent of secured term lenders, according to a Thursday (July 23) statement. The company has also secured commitments for $150 million in a “new money term loan” from current lenders.

Planning 56

Planning Restructuring Forecasting Retail 56

PYMNTS

AUGUST 13, 2020

It also foresees to close a number — if not each one — of its physical locations. 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. In July, Ascena Retail Group, Inc.

Retail 58

Retail Restructuring Sales Securities 58

PYMNTS

JULY 31, 2020

In its Chapter 11 filing, Ascena wrote that it reached a restructuring agreement with 68 percent of its secured term lenders and received $150 million in new loans. Under a restructuring, the conglomerate would close its Canada, Puerto Rico and Mexico stores and its Catherines shops. They also purchased Forever 21 in February.

Restructuring 58

Restructuring Retail Sales Numbers 58

PYMNTS

FEBRUARY 1, 2019

Once its security team became aware of the issue, it immediately launched an investigation with assistance from a leading forensics firm. We restructured our international marketplace workforce, primarily in our U.K. It also notified law enforcement authorities, as well as any customers that might have been impacted by the incident.

Startups 80

Startups Restructuring Accounting Securities 80

PYMNTS

JUNE 4, 2019

Amazon , Worldpay , and Stripe — the eCommerce and payment companies — are expressing concern that a lack of preparedness by the industry to new EU security regulations could put billions of dollars of eCommerce purchases at risk. Collison said the rules will require every European merchant to restructure their checkout process. “It’s

Sales 66

Sales Restructuring eCommerce Economics 66

PYMNTS

JANUARY 30, 2020

He also noted that nearly all clients will not experience any changes with their account numbers. He also noted that the merger-related restructuring charges were $223 million, pretax. And King noted that security losses due to its balance sheet restructuring were $116 million.

Restructuring 56

Restructuring Accounting Securities Numbers 56

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

CFO News Room

NOVEMBER 8, 2022

The plan update process for you, it’s not just that the numbers move because a year has gone by and the markets did what they did and you saved what you saved, you withdrew whatever you were going to withdraw. And so, that can move the numbers, as well. And so, that can move the numbers, as well. Cean: We actually use J.P.

Restructuring 130

Restructuring Planning Marketing Accounting 130

Corporate Finance Lab

JULY 11, 2023

The long anticipated law of 7 June 2023 implementing the European Directive on restructuring and insolvency brings about a major reform of Belgian insolvency law. What does this reform mean for secured creditors? What does this reform mean for secured creditors? There were no classes for voting purposes.

Restructuring 48

Restructuring Securities Planning Sales 48

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

PYMNTS

SEPTEMBER 22, 2020

As of last year, Deutsche has been undergoing a restructuring effort that encompasses a decrease of its balance sheet, 18,000 employment reductions by 2022 and less investment banking activity. Deutsche’s move to decrease its number of locations comes after news that Commerzbank would not open 200 offices again that were closed amid COVID-19.

Banking 84

Banking Planning Restructuring Forecasting 84

PYMNTS

MAY 1, 2020

billion, which was much higher than the last reported number of $334 million from last June. The number does not include the debt of subsidiary Travelex Holdings. London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3

Foreign Exchange 61

Foreign Exchange Restructuring Valuation Numbers 61

PYMNTS

OCTOBER 16, 2018

The Financial Conduct Authority (FCA) will allow small businesses to file complaints and secure compensation with the Financial Ombudsman Service (FOS) beginning in April, following a string of scandals highlighting bank misconduct against SMBs. The move raises the threshold at which a business can use the complaint service.

Banking 60

Banking Restructuring Securities Numbers 60

CFO News Room

JANUARY 18, 2023

The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights. .

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

PYMNTS

NOVEMBER 14, 2019

York Capital Management and Mike Archer, a former president of Applebee’s and TGI Fridays, bought Houlihan’s in 2015 and now blames the chapter 11 filing on a number of factors, including expensive leases, a tight labor market and “the rapid growth in costly third-party delivery.”. Documents filed in U.S.

Restructuring 43

Restructuring Securities Sales Numbers 43

PYMNTS

JULY 30, 2019

“A small number of employees continued to have access to their work emails through personal devices for a limited period. The news outlet noted that the potential security mistake comes as Deutsche Bank readjusts its market strategy in a major restructuring.

Banking 43

Banking Restructuring Compliance Communication 43

Future CFO

OCTOBER 12, 2021

Fundamental changes in the dynamics of businesses around the world, in particular the restructuring of supply chains and changing working patterns, will have a real impact on transfer pricing work. Survey results indicate that 65% of respondents predict a rising number of transfer pricing audits overall.

Auditing 40

Auditing Restructuring Compliance Numbers 40

PYMNTS

APRIL 27, 2020

A number of energy-related firms have already filed for bankruptcy, decimated by record lows in commodity prices (you may recall that oil prices went negative last week). We will definitely see an uptick in defaults and an uptick in restructurings,” said William “Tuck” Hardie of Houlihan Lokey Inc., Neiman Marcus may file.

Restructuring 60

Restructuring Forecasting Economics Retail 60

PYMNTS

OCTOBER 27, 2016

The dreary numbers came as heir apparent Lee Jae-yong received shareholder approval to join the board of the South Korean technology group. Analysts said that a board seat would allow Mr Lee to take a bigger role in Samsung’s strategic decision-making, such as group-wide restructuring.

Restructuring 51

Restructuring Forecasting Technology Securities 51

PYMNTS

DECEMBER 21, 2016

After disappointing third quarter financial numbers, clothing retailer The Limited may be be going in another direction. According to Bloomberg , the brand pulled in Kirkland & Ellis to be its legal adviser and Guggenheim Securities and RAS Management Advisors for help with a debt restructuring and any asset sale.

Restructuring 43

Restructuring eCommerce Retail Sales 43

Corporate Finance Lab

DECEMBER 3, 2021

The official deadline for the implementation of the Directive (EU) 2019/1023 on restructuring and insolvency was scheduled for 17 July 2021. Such class formation for the approval of a restructuring plan is unprecedented in Belgian insolvency law and could completely upset the bargaining dynamics between stakeholders in Belgian restructurings.

Restructuring 64

Restructuring Planning Reconciliations Economics 64

PYMNTS

JUNE 27, 2018

It didn’t come as a surprise, however, considering the news last year that the central bank would restructure its RTGS system to interface with other platforms, including those build on blockchain — even though the Bank of England said blockchain was “not yet sufficiently mature to provide the core for the next generation of RTGS.”.

Restructuring 63

Restructuring Currencies B2B Banking 63

PYMNTS

APRIL 24, 2017

In an interview with Reuters, Joel Levitin, a partner-in-law at firm Cahill Gordon & Reindel’s bankruptcy and restructuring practice, said Bebe may consider a bankruptcy filing to settle with its landlords of the stores.

Restructuring 40

Restructuring Retail Securities Sales 40

PYMNTS

JUNE 3, 2019

Some have been physically restructuring to accommodate mobile order pickup without estranging in-person customers. Security was a priority when designing the app, which is pertinent considering there has been a 117 percent increase in the number of mobile device attacks over the past year, according to the Mobile Order-Ahead Tracker.

Concentration 65

Concentration Restructuring Startups Sales 65

Michigan CFO

SEPTEMBER 29, 2021

For businesses that must adhere to specific data security compliance standards, going digital can help simplify the process with the help of a CFO to ensure accuracy. Financial Planning: Better manage the operational components of cash management, borrowing, restructuring, and equites raises. Streamlining Investments. Learn More.

Manufacturing 52

Manufacturing CFO Compliance Forecasting 52

PYMNTS

AUGUST 5, 2016

CFO Michael Berry plans to restructure operations to respond to the changes seen in criminal attacks where cybercriminals are leveraging ransomware to target the financial sector. Here are the numbers: $175 million | Revenues for Q2, in-house estimates were between $178 million and $185 million. $80

Restructuring 40

Restructuring Forecasting CFO Leverage 40

PYMNTS

DECEMBER 4, 2018

The report noted that Deutsche Bank ’s decision to sell the offshore trust business was part of a wider restructuring of its wealth management unit. The program, which was called “Protect, Transform, Grow,” was aimed at reducing the business risks of serving super-rich, private clients.

Banking 46

Banking Restructuring Sales Accounting 46

PYMNTS

SEPTEMBER 16, 2016

Justice Department’s demand for $14 billion from Deutsche Bank concerning claims related to sales of mortgage-backed securities. stocks traded lower, affected by decreasing oil prices and the U.S. The cost of hospital services jumped 1.7 percent, the biggest gain since Oct. 2015, and prescription medicine prices soared 1.3

Benchmarking 65

Benchmarking Restructuring Forecasting Treasury 65

PYMNTS

DECEMBER 1, 2017

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. All in, hackers managed to nab names, email addresses and phone numbers of 50 million Uber riders around the world, as well as the data of about 7 million drivers, which includes 600,000 U.S.

Valuation 57

Valuation Benchmarking Restructuring Numbers 57

PYMNTS

AUGUST 11, 2017

But, even if it seems staggeringly difficult — bordering on entirely impossible — to keep 200 separate strings of random letters and numbers straight in one’s head, the payoff is worth it. Leetspeak, the practice of replacing letters with numbers or symbols that resemble them, doesn’t actually deter hackers. Well, about that….

Restructuring 47

Restructuring Numbers Securities eCommerce 47

PYMNTS

MAY 5, 2016

Yes, that seems an appropriately fine number to panic over. Over that same time period, when Wet Seal saw dwindling returns from each physical store front, it kept increasing its numbers; from 2009 to 2011, Wet Seal added 30 stores annually and only tapered this process off come 2012. February — Hancock Fabrics. As of Feb. ”

Retail 44

Retail Restructuring Planning Sales 44

Musings on Markets

FEBRUARY 27, 2022

Measuring Profitability The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights.

Hurdle Rate 80

Hurdle Rate Investments Accounting Entertainment 80

PYMNTS

APRIL 14, 2016

CFOs securing the number two spot for the percentage reporting revenue gains (64 percent), European money managers are far more cautious about the coming year than their Latin American counterparts. Despite U.K. Australia-Asia.

CFO 40

CFO Economics Restructuring Finance 40

PYMNTS

NOVEMBER 3, 2020

Most organizations expect a level of fraud, but the numbers are driving so dramatically higher that it's not the same old story anymore,” Cohen noted. That means pushing the security or fraud-fighting discussion surrounding a new product or experience to the beginning of the development process rather than the end. “As

Securities 120

Securities Restructuring Leverage Numbers 120

Musings on Markets

DECEMBER 2, 2020

Acquisitions : As the number of hosts and guests on Airbnb have climbed over the years, the company has invested in building a more robust platform for its rentals. While some of that money has been spent on internal improvements, much of it has been spent acquiring more than two dozen companies, most of them small, technology businesses.

Profit and Loss 52

Profit and Loss Valuation Investments Numbers 52