PYMNTS

JUNE 4, 2019

Wells Fargo announced on Tuesday (June 4) that it has restructured its commercial banking business. In a press release , Wells Fargo said Kyle Hranicky, a 25-year veteran of the company, will head up its commercial banking business.

Restructuring 59

Restructuring Banking Treasury Leadership 59

Global Finance

APRIL 6, 2025

The big transactions recently between insurers and asset managers in Europe are only the most obvious sign of industry consolidation and restructuring. As the private debt markets evolve into new areas like asset-based lending and equipment leasing, large asset managers will increasingly be leading the way.

Investments 112

Investments Restructuring Marketing Banking 112

PYMNTS

OCTOBER 22, 2020

HSBC will be restructuring its commercial banking business in Britain which will result in 300 job cuts, according to Reuters. The cuts come as part of Europe's largest bank's larger restructuring effort from earlier this year, with HSBC looking to cut costs worldwide as the ability to boost revenues becomes more difficult.

Profit and Loss 91

Profit and Loss Restructuring Banking Economics 91

CFO News Room

FEBRUARY 3, 2022

A parliamentary panel has asked the government to explore new and innovative tools to deal with the issue of financial constrains in the renewable energy sector, including setting up of green banks and introduction of renewable finance obligation for financial institutions, among others. Financial Express is now on Telegram. Source link.

Finance 130

Finance Banking Restructuring Investments 130

PYMNTS

AUGUST 23, 2020

The pandemic has fueled the need for European banks to restructure following years of poor performance. HSBC CEO Noel Quinn said 35,000 of the bank’s 235,000-member workforce will be cut in much of Europe to refocus on its more profitable lines. This is not the first time Europe’s FIs have talked about restructuring.

Banking 83

Banking Restructuring Numbers Technology 83

PYMNTS

SEPTEMBER 19, 2019

Deutsche Bank has acquired a 4.9 percent stake in the German-based FinTech Deposit Solutions, according to a Deutsche Bank press release on Thursday (Sept. Deposit Solutions provides open banking technology that allows more than 100 banks across 18 countries to offer their customers products from third-party banks.

Banking 75

Banking Mergers and Acquisitions (M&A) Restructuring Valuation 75

CFO News

MARCH 13, 2025

Sebi expands the scope of Unpublished Price Sensitive Information (UPSI) to include proposed fundraising activities, restructuring plans, and one-time bank settlements. Effective from June 10, Sebi's amended insider trading regulations aim to enhance regulatory clarity and compliance.

Restructuring 40

Restructuring Auditing Compliance Planning 40

PYMNTS

OCTOBER 30, 2019

Germany’s Deutsche Bank reported a net loss below market expectations amid a restructuring plan that includes about 18,000 layoffs, The Wall Street Journal (WSJ) reported Wednesday (Oct. This is the second quarterly loss for Deutsche Bank, which triggered a 7.9 Last month, Deutsche Bank announced it had acquired a 4.9

Restructuring 41

Restructuring Profit and Loss Banking Concentration 41

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? The post Does My Business Debt Need Restructuring? That sure was easy!

Restructuring 52

Restructuring Construction Profit and Loss CFO 52

PYMNTS

SEPTEMBER 22, 2020

Banks from the United States to Europe are closing bank branches as consumers embrace digital banking amid the pandemic. These are just some of the financial institutions that are reducing their brick-and-mortar footprints: Deutsche Bank intends to shutter 20 percent of bank offices in Germany, the Financial Times reported.

Banking 84

Banking Planning Restructuring Forecasting 84

PYMNTS

SEPTEMBER 7, 2020

The disagreement began when Brigade Capital Management , which is a $28 billion money manager for Citigroup, disagreed with the bank over Citigroup's aid to billionaire investor Ron Perelman in his restructuring of corporate loans for his company Revlon. The break is unusual for the two companies.

Banking 83

Banking Restructuring Investments Marketing 83

CFO News Room

NOVEMBER 26, 2022

Deutsche Bank (DB) – The German bank’s U.S.-traded in the premarket, following a report by RBC Capital that said Deutsche Bank’s restructuring progress has been overlooked by investors. Nonetheless, the stock rose 1% in the premarket. traded shares added 2.4% in the premarket, on top of its 28.9%

Restructuring 130

Restructuring Banking Retail Sales 130

PYMNTS

JUNE 4, 2019

Wells Fargo announced Tuesday (June 4) it has restructured its Commercial banking business. In a press release , Wells Fargo said Kyle Hranicky, a twenty-five year veteran of the company will head up the Commercial Banking Business. They will provide industry expertise, customized services, and local support to its customers.

Restructuring 40

Restructuring Banking Treasury Leadership 40

PYMNTS

FEBRUARY 26, 2020

After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back its expansion efforts and moving away from lending for mortgages, according to a report by the Financial Times. After the error was revealed, the bank was forced to raise $484 million in new shares.

Banking 74

Banking Restructuring Planning Accounting 74

Future CFO

OCTOBER 28, 2019

HSBC’s CFO Ewen Stevenson said the bank plans to restructure its loss-making businesses after announcing an 18% year-on-year drop in pre-tax profit in Q3 on Monday. The Hong Kong-listed bank reported pre-tax profit of US$4.8 billion average of the banks’ analyst estimates. billion, compared with the US$5.3

Restructuring 40

Restructuring CFO Profit and Loss Banking 40

PYMNTS

NOVEMBER 15, 2018

Banks face a new challenge in the open banking age: How do they best use application program interfaces (APIs) to collaborate with FinTech firms and deliver new services to clients? The API economy offers traditional banks several opportunities for innovation. Converting Banks Into Marketplaces.

Banking 76

Banking Restructuring Leverage Technology 76

PYMNTS

OCTOBER 28, 2019

Losses at some HSBC businesses are causing the bank — Europe’s largest — to restructure, CNBC reported Monday (Oct. HSBC group CFO Ewen Stevenson announced plans to restructure the businesses with the greatest losses, its U.K. We haven’t yet sized what that means in terms of the restructuring.”. businesses.

Restructuring 40

Restructuring Profit and Loss CFO Banking 40

PYMNTS

NOVEMBER 4, 2020

London-based Lloyd’s plans to cut roughly 730 additional jobs as part of its ongoing restructuring plan, which had been put on hold earlier this year due to the COVID-19 pandemic. While the bank intends to create 300 new jobs, it will eliminate more than 1,000. The bank employed roughly 63,000 in 2019.

Banking 64

Banking Restructuring Profit and Loss Planning 64

PYMNTS

JANUARY 23, 2020

Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. government, according to a report by CNBC. He will also have to pay $17.5

Banking 74

Banking Restructuring Currencies Sales 74

CFO News

JANUARY 28, 2025

HSBC Holdings, led by CEO Georges Elhedery, is undergoing a major restructuring that heavily affects investment banking roles across Europe, the UK, and the Americas. The overhaul is expected to have a substantial impact on the global workforce as the bank aims to cut expenses by at least $3 billion.

Restructuring 40

Restructuring Banking Investments 40

CFO Talks

NOVEMBER 29, 2024

Notably, she reversed a decade-long loss at Coca-Cola, doubled profits, and restructured major funding. One of the major initiatives was restructuring the company’s share capital. Simultaneously, I renegotiated interest rates with Standard Chartered Bank, securing a 50% reduction in interest costs, saving us $1.5

Finance 98

Finance Profit and Loss CFO Leadership 98

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.

Securities 72

Securities Banking Restructuring Compliance 72

PYMNTS

MARCH 30, 2018

UK Finance , an industry trade association, is launching an independent investigation into the way the market’s banks treat small businesses (SMBs), according to Reuters reports on Thursday (March 29). Reports said Walker and his team will probe how banks handle disputes with SMBs that are too small to go to court but remain unresolved.

Banking 66

Banking Restructuring Treasury Finance 66

CFO News Room

JANUARY 5, 2023

Silvergate — Shares of the crypto-focused bank tumbled more than 42% after Silvergate disclosed massive customer withdrawals during the fourth quarter. The bank said it $3.8 The company said it is exploring financial options including restructuring, seeking additional capital or selling assets, in addition to a potential bankruptcy.

Healthcare 130

Healthcare Restructuring Sales Retail 130

CFO News

MARCH 22, 2023

Banks want that a restructured MSME account under the Covid package be considered NPA from the latest date and not from the date prior to restructuring. This will give some relief to banks as it would lessen their provisioning burden.

Restructuring 52

Restructuring Banking Accounting 52

CFO News Room

JANUARY 3, 2023

Citigroup — The bank stock gained 1.4% after Bank of America reiterated it as a buy. The firm said the stock has an “interesting” risk/reward for investors looking for a “restructuring story.”

Restructuring 130

Restructuring Healthcare Valuation Banking 130

PYMNTS

FEBRUARY 14, 2020

The bank said it will offer a “six-month principal repayment moratorium” for small to medium-sized business (SMB) property loans. These initiatives will be available upon application to customers with good repayment histories,” the bank stated. The institution said more details would be shared on its website beginning Feb.

Economics 60

Economics Banking Restructuring Transportation 60

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 government agency may have had its own role in the RBS scandal. ”

Treasury 46

Treasury Restructuring Profit and Loss Banking 46

PYMNTS

OCTOBER 23, 2019

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. The company said on Tuesday (Oct. 22) that it is now part of parent company AZA Group, which now encompasses the BitPesa, BFX and TransferZero brands.

Restructuring 40

Restructuring Foreign Exchange Securities B2C 40

PYMNTS

OCTOBER 29, 2019

A trial has begun against the financial institution Royal Bank of Scotland (RBS) brought by a small business owner and former RBS client suing the bank for damages related to RBS’s disgraced Global Restructuring Group (GRG). Bloomberg reported Tuesday (Oct. Bloomberg reported Tuesday (Oct.

Restructuring 40

Restructuring Treasury Banking Sales 40

PYMNTS

DECEMBER 27, 2018

It’s been a difficult year for European banks, and shares in 2018 were the worst since the eurozone crisis, according to the Financial Times. On the average, European banks are valued at an estimated 0.6 banks are 1.1 and lenders on the MSCI Emerging Asia Banks Index are 1. times their net assets. The top six U.S.

Banking 59

Banking Restructuring Leadership Forecasting 59

CSC Advisors

APRIL 10, 2025

Through the MCA refinancing process, repayments are typically restructured into a more flexible schedule, giving businesses the breathing room to cover other operational costs and grow. Refinancing replaces your MCA loan with one that has better terms, reducing monthly obligations and making it easier to manage expenses.

Restructuring 52

Restructuring Prioritization Communication Finance 52

CFO News

DECEMBER 16, 2022

The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks. Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal.

Restructuring 52

Restructuring Planning Banking Accounting 52

PYMNTS

OCTOBER 16, 2018

government is broadening the ability of small businesses (SMBs) to lodge complaints against their banks, according to Financial Times reports Tuesday (Oct. ” said Kevin Hollinrake, co-chair of the All-Party Parliamentary Group on Fair Business Banking. The bank schemes leave the bank as judge, jury and executioner.

Banking 60

Banking Restructuring Securities Numbers 60

CSC Advisors

MARCH 14, 2025

This can happen when your business cannot generate enough revenue to cover agreed repayments or if contractual terms, such as maintaining a specific bank account balance, are violated. Bank Account Issues: Failing to maintain the balance required for repayments. Low Revenue: Insufficient sales to meet the percentage required payment.

Restructuring 52

Restructuring Sales Accounting Banking 52

Global Finance

APRIL 7, 2025

billion by 2040 and the region will account for over 60% of global output, according to a 2024 World Bank report. Bank funding will continue to play an important role, but this will be compounded by external financing via bilateral or multilateral efforts. In the event of a debt restructuring, they will receive the same treatment.

Economics 52

Economics Manufacturing Treasury Forecasting 52

PYMNTS

AUGUST 21, 2020

Reuters reported the New York-based multinational investment bank and financial services corporation filed its third suit in the U.S Southern District of New York Court to recoup $900 million it mistakenly sent to lenders of Revlon Inc.

Risk Analysis 105

Risk Analysis Restructuring Valuation Investments 105