CFO Share

MARCH 16, 2021

Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding. Does your small business need debt restructuring? Consider a bank mortgage (very good debt.) When should I restructure my business debt? Profitable operating income, but net losses driven by interest expense.

Restructuring 52

Restructuring Construction Profit and Loss CFO 52

Future CFO

SEPTEMBER 2, 2021

Support measures for borrowers will limit the asset quality decline in Thailand, Indonesia, and the Philippines and banks in these countries have sufficient capital and provisions to absorb losses, though the resurgence of coronavirus cases will hinder their economic recovery and raise asset risks for banks , said Moody’s recently.

Profit and Loss 52

Profit and Loss Banking Restructuring Economics 52

PYMNTS

NOVEMBER 6, 2019

Deutsche Bank Deputy Chief Executive Officer Karl von Rohr said the bank welcomes a finance ministry proposal from Germany that would strengthen the European banking union, according to a report by Reuters. The lender reported a net loss of $924 million (832 million euros) for the third quarter of 2019.

Banking 40

Banking Profit and Loss Restructuring Concentration 40

PYMNTS

OCTOBER 14, 2020

14), Wells Fargo called out strong mortgage banking fees, higher equity markets and declining sequential charge-offs as positives for the period. “As The bank said that was predominantly due to increased consumer spending. The bank reported almost $1 billion of expenses linked to customers refunds tied to previous scandals.

Profit and Loss 82

Profit and Loss Restructuring Economics Banking 82

PYMNTS

JANUARY 30, 2019

As the fallout from Royal Bank of Scotland’s small business mistreatment scandal continues, the effects are being felt beyond the institution and across the entire financial services space. ” “The bank incurred around £30 million [about $39.5 million] of losses on the £75 million [about $98.7

Treasury 46

Treasury Restructuring Profit and Loss Banking 46

PYMNTS

NOVEMBER 11, 2019

lender HSBC made progress in the launch of its digital banking platform for small businesses, Kinetic, which is now operating in beta phase, Reuters reported on Monday (Nov. The bank expects a full launch of Kinetic in the first half of next year, when it is expected to integrate with HSBC’s banking infrastructure.

Banking 42

Banking Profit and Loss Restructuring Budgeting 42

PYMNTS

NOVEMBER 7, 2019

The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters. Samir Assaf, HSBC head of global banking and markets, shared the news with other seniors bankers on Tuesday (Nov. HSBC CFO Ewen Stevenson announced plans to restructure the U.K.

Compliance 40

Compliance Profit and Loss Restructuring Banking 40

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. France, Spain and Switzerland have suffered due to Brexit, slowing economic growth, increasing regulations and the European Central Bank’s negative interest rates.

Profit and Loss 56

Profit and Loss Restructuring Auditing Economics 56

PYMNTS

NOVEMBER 6, 2019

billion loss on Wednesday (Nov. Simplification Serves LendingClub Well As It Pushes for Profitability. The firm went public in 2014 and had just managed its first quarter of profitability in early 2016 when scandal rocked the business. Loss for SoftBank. billion loss on Wednesday (Nov. WeWork Write-Off Triggers $6.5B

Profit and Loss 40

Profit and Loss Sales Restructuring Banking 40

PYMNTS

FEBRUARY 26, 2018

billion | Number of adults in the world who do not have bank accounts and may not have government-issued IDs but do have mobile phones. billion | Profits posted by the Royal Bank of Scotland (RBS) in 2017, despite the ongoing fallout from its Global Restructuring Group scandal. billion loss.

Accounts Payable 40

Accounts Payable Accounting Profit and Loss Restructuring 40

Global Finance

MAY 8, 2024

In the Asia-Pacific (APAC) region last year—as in 2022—net interest margin (NIM) dynamics were optimal for banks in Southeast Asia, Australasia, Hong Kong and India. Lending rates followed central bank tightening moves, while deposit rates lagged; and across the region, there were some record profits. billion; a 2.3%

Banking 52

Banking Profit and Loss Construction Retail 52

PYMNTS

AUGUST 22, 2019

Capping off the effort last week, Ghana’s central bank announced it had revoked the licenses of 23 savings and loans companies as well as finance houses and appointed a receiver to manage their affairs. “It The central bank blames the financial institutions; Ghana’s President Nana Akufo-Addo, on the other hand, blames the Bank of Ghana.

Banking 46

Banking Profit and Loss Restructuring Finance 46

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

PYMNTS

APRIL 4, 2019

So far, Hangzhou-based Youzan has yet to turn a profit. In fact, it posted a loss of $839.4 Mobile banking has attracted investment from the company as well, most recently investing in German-based N26. million HK in the last financial year. Tencent also reportedly invested in Southeast Asia ridesharing company GO-JEK.

eCommerce 51

eCommerce Profit and Loss Restructuring Investments 51

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

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

Cube Software

MAY 11, 2023

Pro forma income statement The income statement (also known as the profit & loss or P&L statement) mainly evaluates revenue and operating expenses, along with other metrics related to each like cost of goods sold (COGS) or net income. What if your expenses suddenly increased by a significant margin, or revenue dropped sharply?

GAAP 40

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

CFO News Room

NOVEMBER 25, 2022

The first part of the plan, which was supported by 92% of shareholders, grants 462 million new shares to qualified investors including the Saudi National Bank (SNB) via a private placement. stake, making it the bank’s biggest shareholder. billion, for at least two years (presuming the bank is still around then).

Profit and Loss 100

Profit and Loss Banking Restructuring Planning 100

PYMNTS

OCTOBER 15, 2016

Lesson: Realizing you have a problem – whether it is your phone’s catching fire or your bank being robbed – is not sufficient if your solution is not capable of fixing the problem. The total losses are estimated to be in the $5.3 billion hit to third-quarter profit soon to be visible. billion range — with a $2.3

Profit and Loss 72

Profit and Loss Restructuring Banking Sales 72

Barry Ritholtz

MARCH 27, 2023

I wanted to see the world, and whether it was investment banking, or basket weaving really had absolutely no bearing on my decision. RITHOLTZ: So you were very actively involved in the restructuring of the airlines post 9/11. What about what happened with a lot of banks during the financial crisis? Tell us about that period.

Investments 114

Investments Restructuring Profit and Loss Finance 114

Global Finance

OCTOBER 10, 2024

The Bank of Algeria (BoA) maintained its nominal interest rate at 3%, unchanged since 2020. Monetary policy remains accommodative,” comments the World Bank in its latest country report. Credit Populaire d’Algérie (CPA) became the first bank to list on the Algiers Stock Exchange, floating 30% of its shares in March.

Benchmarking 75

Benchmarking Economics Currencies Banking 75

Future CFO

DECEMBER 18, 2020

Central banks are also pushing their supervised entities to go digital and prepare for their requirements and rewards. In the Philippines, the race on who can implement the best digital strategies and increase the use of digital banking among its clients and customers are on. No one was talking or worrying about NPL and reserves.

Marketing 52

Marketing Profit and Loss Credit Risk Finance 52

Barry Ritholtz

JULY 18, 2023

Most guys and gals who get into the business of working at a hedge fund, never mind you know founding and running one, you I think there’s a pretty typical track where they’re finance majors at top schools, they work at an investment bank or an advisory bank, sometimes at a law firm, and then they make their way into the investing realm.

Investments 52

Investments Profit and Loss Accounting Restructuring 52

Barry Ritholtz

JUNE 13, 2023

You went to school in Paris, but you began your career in London at Merrill and Deutsche Bank. So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investment banks, he then joined Goldman Sachs. We were 28, 30 respectively.

Investments 59

Investments Banking Entertainment Marketing 59

Barry Ritholtz

OCTOBER 21, 2024

00:03:11 [Speaker Changed] Yeah, we started out, I started on banking, the two year banking program, which merchant banking was the group I was in. So 00:05:24 [Speaker Changed] You’re at a big bank in, in 87, you know, obviously there were a lot of market dislocations later that year. My co-founder was an analyst.

Investments 59

Investments Numbers Marketing Leverage 59

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. It is possible that Hindenburg was indulging in hyperbole when it described Adani to be "the biggest con" in history.

Investments 100

Investments Valuation Auditing Restructuring 100

CFO News Room

FEBRUARY 5, 2023

As for the institutions involved, which include banks, regulatory authorities and LIC, I have learned not to attribute to venality or corruption that which can be attributed to inertia and indifference. It is possible that Hindenburg was indulging in hyperbole when it described Adani to be “the biggest con” in history.

Marketing 130

Marketing Investments Auditing Profit and Loss 130

PYMNTS

OCTOBER 6, 2017

Other than perhaps the very largest players in the game, most loan lenders can’t soak that kind of volume loss, since payday lending (contrary to public opinion) is not a high-margin business to start with. Notably, we have no intention of disrupting lending by community banks and credit unions,” Cordray noted.

Profit and Loss 51

Profit and Loss Currencies Banking Restructuring 51

PYMNTS

OCTOBER 6, 2017

Other than perhaps the very largest players in the game, most loan lenders can’t soak that kind of volume loss, since payday lending (contrary to public opinion) is not a high-margin business to start with. Notably, we have no intention of disrupting lending by community banks and credit unions,” Cordray noted.

Profit and Loss 40

Profit and Loss Currencies Banking Restructuring 40

PYMNTS

DECEMBER 27, 2016

Wells Fargo was just a bank that was really good at getting its customers to sign up for credit cards, and Lending Club and its P2P counterparts were coming to eat mainstream banking’s lunch. Everyone was winning, and some were predicting that bank-based underwriting was about to go the way of the typewriter. DA’s office.

Finance 46

Finance Profit and Loss Banking Restructuring 46

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. We did not have the strongest West Coast banking presence. Made sense. He knows how to run a team.

Marketing 112

Marketing Banking Treasury Profit and Loss 112