CFO Thought Leader

OCTOBER 17, 2023

Back in 2017, Donald McClure had only recently been appointed vice president of FP&A at Brinks Home Security when the company’s CFO at the time decided that it was the right time for retirement. Unbeknownst to McClure—and perhaps even to the firm’s subsequent new CFO hire—a transformative chapter was about to get under way at […]

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CFO Restructuring Leadership Finance 59

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. PNC Bank plans to reduce the count of its branch offices through next year, Fox Business reported. In the U.S.,

Banking 84

Banking Planning Restructuring Forecasting 84

Corporate Finance Lab

OCTOBER 26, 2023

In my PhD book “Intra-Group Financing and Enterprise Group Insolvency: Problems, Principles and Solutions”, I focus on financial arrangements common for enterprise groups and explore their influence on and treatment in insolvency and restructuring of corporate groups. The existence of cross-guarantees may affect restructuring in other ways.

Finance 85

Finance Restructuring Economics Sales 85

CFO News Room

JANUARY 5, 2023

The company also sold off more the $5 billion of debt securities to cover the withdrawals, resulting in a loss on those sales of $718 million. The company said it is exploring financial options including restructuring, seeking additional capital or selling assets, in addition to a potential bankruptcy.

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Accountancy Today

MARCH 1, 2023

It said a multidisciplinary team, led by Restructuring partner Geoff Rowley and FRP Corporate Finance partner Matthew Flower, then worked closely to help Truphone find a solution to the financial and operational challenges it faced.

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Corporate Finance Sales Finance Restructuring 81

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. The FCA plans to publish a full report on the findings of its GRG probe, reports said.

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Jedox Finance

AUGUST 23, 2022

To successfully move from outdated spreadsheet workflows to using integrated financial planning, there are important steps and decisions to consider. In this guide, we will discuss how the Office of Finance can embark on the path to successful integrated planning. What is integrated planning? What is integrated planning?

Planning 52

Planning Budgeting Forecasting Reconciliations 52

CFO Share

APRIL 12, 2024

Here’s one piece of universal small business advice to all business owners: invest equal time in financial risk management as growth planning. A significant decrease in revenue can result in layoffs or restructuring. What would you do if you lost your largest customer? Or your key sales person?

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PYMNTS

APRIL 29, 2020

In addition, starting in May, Lyft said it will impose a 30 percent reduction in pay for executive leadership, 20 percent for vice presidents and 10 percent for all other exempt employees, the company announced on Wednesday (April 29) in a filing with the Securities and Exchange Commission (SEC). At 12:30 p.m., Lyft stock was up by 4.3

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Profit and Loss Restructuring Leadership Finance 62

PYMNTS

JUNE 5, 2020

In mid-May, the struggling retailer disclosed that it paid $17 million in interest charges on a secured loan to avoid a default. If it cannot persuade enough lenders to approve its plan by July 15, the terms of its bankruptcy loan require JCPenney to abandon its reorganization efforts and pursue a sale. David Kurtz, a Lazard Ltd.

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CFO News Room

NOVEMBER 24, 2022

“Under Sweden’s current espionage legislation, secret information obtained, disclosed or passed to another state must directly harm Sweden’s security. Yandex seeks Putin approval for restructuring plan FT. FTX founder Sam Bankman-Fried plans to speak during New York Times DealBook summit FOX. New Not-So-Cold War.

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PYMNTS

JULY 31, 2020

Under the plan, ABG would complete the deal with buying partners Simon Property Group and Brookfield Property Partners, the report said. 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. billion debt.

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Restructuring Retail Sales Numbers 58

PYMNTS

MARCH 19, 2020

Quinn, a veteran at HSBC who has been serving as interim CEO for months, made a move to slash costs, which secured his position as the new head of the company. The plans were angling at a restructuring for the bank, amid several global social and political factors. grapple with serious threats from the virus.

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Restructuring Economics Planning Securities 53

PYMNTS

JUNE 5, 2020

JCPenney had made a restructuring support agreement with lenders that had roughly 70 percent of its first lien debt to bolster its financial standing and decrease its “outstanding indebtedness,” as announced on May 15.

Sales 52

Sales Restructuring Retail Securities 52

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

PYMNTS

OCTOBER 10, 2018

However, the sources told WSJ that the retailer is looking into alternatives to avoid a restructuring in court. 9), Sears reportedly brought on a new director, Alan Carr, who is a restructuring expert. The news comes as Lampert was pitching a rescue plan in an effort to avoid bankruptcy. And, on Tuesday (Oct.

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Restructuring Retail Investments Planning 47

PYMNTS

AUGUST 21, 2020

six FinTechs were able to secure a share of the next round of RBS grant money , with the winners including small business banking and biometrics company Onfido. The company secured the investment from Ascension Ventures and Fuel Ventures, reports said. In the U.K., Attabotics.

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B2B Restructuring Investments Manufacturing 61

PYMNTS

DECEMBER 2, 2020

A Paytm spokesman told Reuters that “there has been no discussion with any of our major shareholders ever, nor any plans, about selling their stake.”. The possible Paytm divestment is just the latest setback for Ant Group, which recently saw the abrupt cancellation of its planned initial public offering of stock.

Sales 71

Sales Foreign Exchange Restructuring Planning 71

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

OCTOBER 7, 2020

Under the reorganization, the company said it plans to close 185 locations, which leaves the franchise with 236 operating restaurants. The company said it expects to stay afloat, and that it has “reached an understanding with its secured lenders to support its restructuring.”.

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Restructuring Planning Securities Retail 65

PYMNTS

JUNE 1, 2020

Bankruptcy Court for the Eastern District of Virginia for its “planned wind-down of operations.” Pier 1 plans to sell its leftover assets, including its online shopping business and intellectual property, following the bidding procedures set forth in February of this year. said it has received the green light from the U.S.

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Restructuring CFO Retail Sales 52

PYMNTS

APRIL 23, 2020

The “Planning with Confidence in the COVID-19 Era” report is based on input from institutions, global student communities and industry affiliations with insights to help contend with the economic obstacles that COVID-19 presents. “The According to one of the report’s findings, payment plans are key to affordability.

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Education Healthcare Restructuring Budgeting 52

CFO Share

MARCH 10, 2023

What will happen to SVB in receivership Receivership is an orderly restructuring or liquidation of a company – in the case of SVB, the FDIC. Contagion occurs when the insolvency of one financial institution spreads to others due to securities and contractual obligations between them. How might SVB affect other banks?

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Restructuring Forecasting Communication Banking 40

PYMNTS

OCTOBER 21, 2020

Other solutions under the Your Now umbrella include Reach Now for mobility planning; Park Now to find and reserve parking; Share Now for car sharing; and Charge Now, an infrastructure for electric car charging.

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Restructuring Forecasting Communication Startups 62

PYMNTS

DECEMBER 10, 2020

The merchant and “certain of its subsidiaries” had arrived at a restructuring support agreement (RSA) with over 68 percent of secured term lenders.

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Restructuring Retail Securities Sales 63

PYMNTS

NOVEMBER 5, 2018

The company announced plans to develop a blockchain-powered supply chain finance solution, WeChain, which Tencent Blockchain general business manager Aaron Cai said “will empower medium and small-sized enterprises, helping to get out of the financing predicament.”. Tencent is collaborating with Linklogis to build the solution, reports said.

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B2B Finance Restructuring B2C 60

PYMNTS

JANUARY 18, 2019

plans to close following its second bankruptcy. million) and a senior secured asset-based revolving credit facility ($79.1 million) in addition to a senior secured term loan (roughly $89 million). Other companies, however, have made the filing along with “prepackaged plans” to help them remain operating.

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Restructuring Retail Securities Planning 64

PYMNTS

MAY 15, 2020

Part of that plan will allow the beleaguered retailer to borrow an additional $450 million to keep the company running during the reorganization. Part of that plan will allow the beleaguered retailer to borrow an additional $450 million to keep the company running during the reorganization.

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Restructuring Retail Planning Securities 53

PYMNTS

JUNE 7, 2019

Review our coverage, including stories about Stripe’s chargeback protection plan, the latest on open banking progress, a big investigation into crypto and the latest on the emerging ecosystem of predictive retail. MoneyGram Works to Restructure Debt; Could Seek Buyer. The eCase for Liberating $190B in Rental Security Deposits.

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Restructuring Retail Banking Securities 68

Spreadym

SEPTEMBER 12, 2023

Budget preparation is the process of creating a detailed financial plan that outlines an organization's expected income and expenses for a specific period, typically for a fiscal year. Pay yourself first by setting aside money for your future financial security. Make sure to allocate enough funds to cover at least the minimum payments.

Budgeting 59

Budgeting Strategic Planning Forecasting Economics 59

PYMNTS

JULY 6, 2017

The premium denim retailer recently announced plans to file in the District of Delaware U.S. bankruptcy court, and also signed a restructuring agreement with most of its lenders. Through the restructuring agreement, the company will cut its debt by more than $350 million.

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Restructuring Retail Finance Securities 40

PYMNTS

JANUARY 7, 2021

Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. 29 that Ant was drafting plans to put its lucrative securities, insurance, consumer lending and other financial businesses into a holding company that would comply with the nation’s banking regulations.

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Restructuring Valuation Financial Systems Banking 56

PYMNTS

JANUARY 7, 2019

While Toys R Us has disappeared from the United States, it is going strong in Asia, which plans to open 60 new stores throughout the region this year. locations last June after failing to restructure its debt or find a buyer. It currently operates more than 550 stores in the region. This follows Toys R Us shuttering all of its U.S.

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Restructuring Budgeting Retail Investments 59

PYMNTS

DECEMBER 8, 2019

The costs of reducing overcapacity through restructuring?.?.?.?are In France, Société Générale slashed 1,600 jobs in its securities and trading unit — about 8 percent of the division’s workforce — as a cost-saving strategy to save €500 million in annual costs. . In the U.K., In March , JPMorgan Chase & Co.

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Profit and Loss Restructuring Auditing Economics 56

PYMNTS

NOVEMBER 19, 2019

Neumann resigned as CEO one week before the company was forced to cancel its plans to go public in late-September. The layoffs are part of a five-year plan to restructure the startup. Securities and Exchange Commission (SEC) over whether it violated financial rules when it was planning to go public.

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Future CFO

JULY 25, 2023

For instance, CFOs’ second top strategic business priority is corporate action such as M&A and restructuring (41%), which ranks fourth for CEOs (27%), the firm added. How best do we secure capital? What does it look like when we model out the impact on margin and ROIC?,” Bant advised.

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CFO Education Restructuring Leverage 52

PYMNTS

AUGUST 20, 2020

However, in an interview with Karen Webster, David Sullivan , founder of the FinTech Till , noted that there’s a “false sense of security” in place. The FinTech, which offers a platform that helps create customized payment plans that take into account renters’ cash flow situations. Common Ground For Tenants And Landlords .

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