PYMNTS

JANUARY 30, 2019

Treasury’s Asset Protection Agency (APA) allegedly influenced the strategy of RBS’s Global Restructuring Group (GRG), the unit found to have unfairly treated small business customers and pushed some into insolvency. million] of losses on the £75 million [about $98.7 Reports in the BBC on Tuesday (Jan.

Restructuring 46

Restructuring Treasury Profit and Loss Banking 46

PYMNTS

NOVEMBER 7, 2019

HSBC said it is planning to get executives together to work on the problem. 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. HSBC CFO Ewen Stevenson announced plans to restructure the U.K.

Compliance 40

Compliance Profit and Loss Restructuring Banking 40

PYMNTS

MARCH 17, 2020

company is closing 531 stores, which will result in the loss of 3,000 jobs. Whitman Howard Analyst Tony Shiret said the decision for what to do with the remaining stores is the “elephant in the room” when it comes to how the company is going to restructure itself. The company is predicted to see losses of about 90 million pounds ($108.7

Profit and Loss 52

Profit and Loss Restructuring Sales Investments 52

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

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

Small Business Banking Peter McIntyre said the bank plans to onboard hundreds of thousands of small business customers onto the Kinetic platform when it officially launches. The bank also plans to expand Kinetic into new geographic markets. where the FI’s losses were greatest. HSBC Head of U.K.

Banking 42

Banking Profit and Loss Restructuring Budgeting 42

PYMNTS

MAY 5, 2020

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.

Profit and Loss 65

Profit and Loss Restructuring Entertainment Economics 65

PYMNTS

JUNE 16, 2020

Grab , the $14 billion Southeast Asian ride-hailing startup, announced hundreds of job losses on Tuesday (June 16) as the impact of COVID-19 continues to take its toll. The layoffs are the latest restructuring at a SoftBank investment. Reuters reported the company will lay off more than 300 employees.

Profit and Loss 56

Profit and Loss Restructuring Startups Investments 56

Planful

SEPTEMBER 18, 2018

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.

Profit and Loss 40

Profit and Loss Restructuring Forecasting CFO 40

PYMNTS

APRIL 4, 2019

So far, Hangzhou-based Youzan has yet to turn a profit. In fact, it posted a loss of $839.4 This is the latest investment for Tencent, which revealed aggressive investment plans earlier this year. million HK in the last financial year.

eCommerce 51

eCommerce Profit and Loss Restructuring Investments 51

PYMNTS

OCTOBER 21, 2016

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. This restructuring results in a 12 percent interest rate that would mature in three years. billion leveraged buyout in 2013.

Retail 55

Retail Marketing Profit and Loss Restructuring 55

PYMNTS

OCTOBER 22, 2018

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. As of September 2018, losses from gift-card fraud have hit $53 million. The official white flag comes after years of attempted restructuring of the once iconic brand.

Profit and Loss 53

Profit and Loss Restructuring Retail Compliance 53

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

No business can survive without planning. 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. What is a pro forma financial statement?

GAAP 40

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

Future CFO

DECEMBER 18, 2020

There has been increased demand over the loss and alternative risk share structures in the multi debtor space, a trend we expect to see continue beyond the crises. Most were implementing their 2020 business plans which were carefully crafted in 2019 with full assumptions and what-ifs & whatnots. The business chain is broken.

Marketing 52

Marketing Profit and Loss Finance Credit Risk 52

PYMNTS

MAY 4, 2016

“Quarterly losses, schmorterly losses” seems to be the position of H&M. Describing his company as “very profitable,” H&M CEO Karl-Johan Persson views the physical and digital presences of the brand as complementary rather than seeing the need to favor the latter over the former. Five Below.

Retail 40

Retail Profit and Loss Restructuring eCommerce 40

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

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

Profit and Loss 100

Profit and Loss Restructuring Banking Planning 100

Barry Ritholtz

JULY 18, 2023

They just restructure their balance sheet, and if they’re smart, they restructure their operations as well to fix the issues that ultimately led them getting into bankruptcy. And it was the most profitable day of trading I’d ever had. And in real estate lending, that’s all about avoiding loss.

Investments 52

Investments Profit and Loss Restructuring Accounting 52

Barry Ritholtz

MARCH 27, 2023

Was that where you plan to go? RITHOLTZ: So you were very actively involved in the restructuring of the airlines post 9/11. So there really wasn’t a whole lot of restructuring and distressed assets afterwards, or was there? So those companies restructured or liquidated. But let’s roll back a little bit.

Investments 108

Investments Restructuring Profit and Loss Finance 108

CFO News Room

FEBRUARY 5, 2023

I have seen this group target companies before, using the game plan that they are using with Adani, but their typical target firms are usually much smaller, under-the-radar firms, where public market investors may have missed troubling aspects of operations.

Marketing 130

Marketing Investments Auditing Restructuring 130

Musings on Markets

FEBRUARY 4, 2023

Download data Again, the steep drop off in invested capital that you see in 2015 is just a reflection of the restructuring of the company that year, as the invested capital in Adani Ports and Power was removed from the mix.

Investments 100

Investments Valuation Auditing Restructuring 100

Barry Ritholtz

JUNE 13, 2023

Was the plan when you were going to school in Paris always to go into finance, or were you originally leaning in another direction? So as the market and the industry restructure, we’ll certainly be very opportunistic. I look backwards, that was a hell of a training in terms of the exposure we’re getting.

Investments 56

Investments Banking Entertainment Valuation 56

Barry Ritholtz

OCTOBER 3, 2023

At the time, the Mexican, after the Mexican restructuring, they had, they had Mexican bonds with an oil option embedded in them. He knows how to manage risk, and he knows how to trade for a profit for a p and l. And occasionally people are gonna argue about, Hey, who has this loss? Or who has this profit? Made sense.

Marketing 106

Marketing Treasury Banking Profit and Loss 106