CFO News

OCTOBER 2, 2023

IL&FS Group has repaid ₹2,150 crore to senior secured lenders of IL&FS Tamil Nadu Power Company (ITPCL). This repayment is part of a debt restructuring plan approved by 88% of lenders and has reduced ITPCL's outstanding principal by over ₹1,900 crore.

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Restructuring Securities Planning 52

PYMNTS

JUNE 4, 2020

Ensuring such payments are secure from bad actors is a priority for the banks that process them. These transactions are not without security risks, they added, meaning banks must be on the lookout for fraudsters seeking to intercept B2B payments. API security. Benefits Of APIs . Future of APIs .

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Securities B2B Compliance Restructuring 60

CFO News

MAY 16, 2023

M&As in startup and MSME sectors will now be able to secure approval within 15 days that can go up to a maximum of 60 days, a corporate affairs ministry (MCA) notification said. The move is seen as a big boost for the startup sector that has seen a rise in corporate restructuring in recent times.

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Startups Restructuring Securities 52

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. Reports in the BBC on Tuesday (Jan. 29) said the publication has learned the U.K.

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Restructuring Treasury Profit and Loss Banking 46

CFO News

MAY 25, 2023

The Securities and Exchange Board of India (Sebi) said SpiceJet's proposed preferential share issue to aircraft lessors as part of its plan to restructure its outstanding lease liabilities need not have independent valuation.

Valuation 52

Valuation Restructuring Sales Securities 52

PYMNTS

DECEMBER 29, 2016

There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe.

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Securities Banking Restructuring Compliance 72

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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Restructuring Healthcare Sales Technology 130

PYMNTS

APRIL 2, 2019

App security, speed and partnerships with brands like Deliveroo are all ways the company is looking to augment the MOA experience for the modern customer, Sharif said. For more on Costa Collect, visit the Tracker’s feature story.

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Securities Restructuring Accounting 60

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.

Corporate Finance 81

Corporate Finance Sales Finance Restructuring 81

Future CFO

FEBRUARY 13, 2023

We onboarded with Docusign to facilitate more secure digital signatures for transactional and legal documents. The Group also completed a successful restructuring which helped to strengthen its financial and cash position,” she added. This was addressed through the institution of daily cash monitoring and management.

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Treasury Cash Management Restructuring Accounts Payable 98

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.

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Restructuring Retail eCommerce Securities 110

PYMNTS

AUGUST 13, 2020

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

Retail 58

Retail Restructuring Sales Securities 58

PYMNTS

APRIL 2, 2019

App security, speed and partnerships with brands like Deliveroo are all ways the company is looking to augment the MOA experience for the modern customer, Sharif said. For more on Costa Collect, visit the Tracker’s feature story.

Securities 40

Securities Restructuring Accounting Retail 40

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.

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Planning Restructuring Forecasting Retail 56

PYMNTS

AUGUST 7, 2020

But the ripple effects are daunting, as the moves could threaten the half-trillion-dollar market for commercial mortgage-backed securities. That window is closing soon, so if you don’t restructure now when people are more than willing to renegotiate, you’re going to be forced to go to them later.”. Crew Group Inc.

Retail 141

Retail Restructuring Leverage Securities 141

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

CFO Share

APRIL 12, 2024

A significant decrease in revenue can result in layoffs or restructuring. Unplanned expenses risk includes events such as: Fraud and embezzlement Natural disasters Lawsuits Hacker security breaches Most unplanned expenses can and should be managed through business insurance.

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Risk Management CFO Restructuring Sales 104

CFO News Room

NOVEMBER 8, 2022

So, now, help us understand how this evolved and where the challenges had come as this was evolving that got you to the point that you had to do some restructuring to make it this. gains tax rate where some of these clients are retiring early before they turn pension and Social Security on. Cean: Yeah. We met at an insurance agency.

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Restructuring Planning Accounting Marketing 130

CFO News Room

FEBRUARY 3, 2022

Besides, it suggested that the ministry should pursue the banks which provide funds to renewable energy sector to restructure the loans in such a way that the EMI is kept higher in peak season of revenue generation and lower in the off-season.

Finance 130

Finance Banking Restructuring Investments 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.

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Restructuring Securities Planning Sales 48

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.

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Restructuring Retail Sales Numbers 58

PYMNTS

JULY 1, 2020

Tokens are incredibly powerful tools to secure data and safely transport it from one point to another. He said tokens are capable of providing a wide world of possibilities beyond their traditional use as just security tools. He also said that what consumers want most keenly in the post-pandemic world is to feel safe and secure.

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Restructuring Securities Transportation Invoicing 100

Future CFO

JANUARY 30, 2023

Among finance leaders, the commonality we hear are goals that include developing digital skills, restructuring/reframing finance to support a digital-first, digital-native enterprise, further improving flexibility of budgeting and finance recognising the uncertainty of what lies ahead and improving the return on enterprise-wide digital investments.

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SAP Restructuring Budgeting Finance 52

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

PYMNTS

JANUARY 23, 2020

Another debt restructuring occurred in 2018 after more financial challenges accrued. Financial advisers to Fairway during yet another institutional reorganization include the restructuring law firm Weil Gotshal & Manges LLP and investment bank PJ Solomon Securities LLC.

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Restructuring Marketing Securities Investments 52

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.

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Startups Restructuring Accounting Securities 80

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. Lampert was seeking to restructure the retailer’s roughly $1.1 15), Sears CEO Edward Lampert could make the payment.

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Restructuring Retail Investments Planning 47

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Will Chinese Authorities Force Ant To Restructure? . As such, Yu believes Ant could require a restructuring to defuse systemic risk.

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Restructuring Foreign Exchange Compliance Financial Systems 67

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. The judge expressed concern that the 118-year old chain needed to restructure quickly to survive, Bloomberg reported. David Kurtz, a Lazard Ltd.

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Restructuring Retail Sales Planning 54

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

SEPTEMBER 9, 2020

Individuals who know about the talks said per the report that government leaders involved in the discussions have been primarily worried about the security of TikTok’s information and keeping that away from authorities in China. A sale could still happen, according to the sources, while many possibilities remain in existence.

Sales 60

Sales Restructuring Treasury Securities 60

PYMNTS

JUNE 16, 2020

The company said Monday that it has a temporary waiver from around 70 percent of the holders for its senior secured notes. That should give it time to figure out how it will go about its financial restructuring, and also avoid breaching the terms of its debt. The company already failed to pay around €14.4

Sales 52

Sales Foreign Exchange Banking Restructuring 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

CFO Talks

MARCH 13, 2024

Establish Initial Priorities Based on your meetings and observations, start compiling a list of work priorities, focusing on efficiency improvements and potential departmental restructurings. By prioritizing open and transparent communication, you can alleviate concerns and foster a sense of security.

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Prioritization CFO Communication Restructuring 40

CFO Share

OCTOBER 14, 2021

If local law enforcement must be involved due to security concerns or major felonies like money laundering, most businesses can file an insurance claim to offset losses. Pursue debt restructuring or apply for additional debt. Accelerate collections, defer payments, or restructure your organization.

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Profit and Loss Cash Flow Forecasting Restructuring Auditing 52

PYMNTS

JANUARY 30, 2020

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. He also noted that nearly all clients will not experience any changes with their account numbers.

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Restructuring Accounting Securities Numbers 56

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., million in new funding , U.K.-based Attabotics.

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B2B Restructuring Investments Manufacturing 61