CFO News Room

NOVEMBER 8, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

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CFO News

MAY 21, 2024

US-registered Razorpay is quickening plans to shift its domicile to India. For the same, it has initiated a restructuring exercise through which half a dozen India units are being brought under one holding company.

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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. The debtor stays in possession and draws up a reorganisation plan proposing debt write offs and other concessions to be made by the creditors.

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Corporate Finance Lab

DECEMBER 3, 2021

The official deadline for the implementation of the Directive (EU) 2019/1023 on restructuring and insolvency was scheduled for 17 July 2021. Such class formation for the approval of a restructuring plan is unprecedented in Belgian insolvency law and could completely upset the bargaining dynamics between stakeholders in Belgian restructurings.

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CFO Dive

APRIL 19, 2024

The manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.

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CFO Dive

JANUARY 11, 2023

Alcoa’s controller will move to its CFO seat among an executive restructuring plan designed to help the company focus more deeply on cost and innovation.

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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. Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.

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CFO Thought Leader

OCTOBER 18, 2023

943: Finding the Path Forward | Donald McClure, CFO, Identity Digital MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. Planful empowers finance, accounting, and business users to plan confidently, close faster, and report accurately.

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Nerd's Eye View

OCTOBER 16, 2024

Since the Tax Cuts & Jobs Act (TJCA) was passed in 2017, few households have been subject to the Alternative Minimum Tax (AMT), which TCJA restructured so that it applied mainly to a select number of upper-income households.

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CFO News

SEPTEMBER 15, 2024

The bulk of the layoffs is reportedly centred in the advisory and technology divisions, with a significant number of affected employees located offshore. Besides the layoffs, PwC’s products and technology teams are expected to be integrated into various business units.

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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.

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Nerd's Eye View

FEBRUARY 13, 2024

Melody is the president of Townsend Financial Planning, an RIA based in Lexington, KY, that oversees $112 million in assets under management for 160 client households.

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PYMNTS

JULY 19, 2019

To look into debt restructuring options that would provide the retailer more time to make a turnaround, JCPenney Co Inc has reportedly hired advisers. Even so, one of the unnamed sources put out the caveat that the plans for restructuring are at an early stage.

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Nerd's Eye View

NOVEMBER 8, 2022

What's unique about Cean, though, is how the path that he and his partners took to break away from the insurance and brokerage worlds to run their own independent RIA inadvertently created a three-way struggle to find the proper compensation and accountability structure across their differing books of business, and ultimately forced them to seek third-party (..)

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PYMNTS

APRIL 22, 2020

A third of online lender LendingClub ’s workers will be laid off , the company said on Tuesday, April 21. That’s 460 employees, including President Steven Allocca, as the company tries to navigate the tumultuous economy surrounding the coronavirus pandemic and slash costs.

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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. The restructuring has Deutsche Bank leaving equities trading along with other operations that aren’t profitable. in the coming months.

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CFO News

OCTOBER 27, 2024

Tata Trusts is undergoing restructuring to streamline expenses by eliminating CFO and COO roles, reducing external consultants, and focusing on core philanthropic missions. The move aims to cut administrative costs following an internal audit and financial review, emphasising efficient governance and resource allocation.

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CFO News

DECEMBER 20, 2023

An ad hoc group holding two guaranteed bonds of Vedanta Resources (VRL) has advised investors to reject the proposed bond restructuring outlined in the consent solicitation released on December 13. The ad hoc group includes holders of $1 billion 13.875% bonds due in January 2024, $1.2

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E78 Partners

NOVEMBER 27, 2024

They also play a pivotal role in steering businesses through periods of growth, restructuring, or financial uncertainty. Crisis Management: When a company faces financial difficulty, an interim CFO can address immediate concerns, negotiate with creditors, and develop a crisis management plan.

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E78 Partners

NOVEMBER 27, 2024

They also play a pivotal role in steering businesses through periods of growth, restructuring, or financial uncertainty. Crisis Management: When a company faces financial difficulty, an interim CFO can address immediate concerns, negotiate with creditors, and develop a crisis management plan.

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E78 Partners

NOVEMBER 27, 2024

They also play a pivotal role in steering businesses through periods of growth, restructuring, or financial uncertainty. Crisis Management: When a company faces financial difficulty, an interim CFO can address immediate concerns, negotiate with creditors, and develop a crisis management plan.

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CFO News

MAY 28, 2024

The proposed internal restructuring exercise will not alter market dynamics. The new entity will be listed on stock exchanges after the demerger. ITC will continue to hold a 40% stake, while the remaining 60% will be held by the conglomerate's shareholders.

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PYMNTS

JANUARY 19, 2017

BCBG announced plans to close stores and restructure the company due to mounting pressure from its debt burden and more consumers opting to shop online. Though the brand is facing a cash crunch, those that spoke to Bloomberg said there are no plans to sell and bankruptcy is not seen as an imminent risk to the business.

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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 post HSBC CFO: Bank to restructure after Q3 profit drop appeared first on FutureCFO. The Hong Kong-listed bank reported pre-tax profit of US$4.8

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E78 Partners

NOVEMBER 19, 2024

For audit readiness, review revenue documentation and confirm it adheres to ASC 606, especially if your organization has added new revenue sources or restructured its contracts​. Regularly revisiting these policies can help align revenue accounting with current business activities and compliance requirements.

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E78 Partners

NOVEMBER 19, 2024

For audit readiness, review revenue documentation and confirm it adheres to ASC 606, especially if your organization has added new revenue sources or restructured its contracts​. Regularly revisiting these policies can help align revenue accounting with current business activities and compliance requirements.

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E78 Partners

NOVEMBER 19, 2024

For audit readiness, review revenue documentation and confirm it adheres to ASC 606, especially if your organization has added new revenue sources or restructured its contracts​. Regularly revisiting these policies can help align revenue accounting with current business activities and compliance requirements.

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PYMNTS

JULY 22, 2020

In an earnings call, Donahoe focused not on the revenue loss but the company’s plans to reboot the company, transforming its digital offerings, consumer services, and in-store experiences. “We Nike said previously that the cuts are not related to their $790 million loss in revenue reported in the fourth quarter.

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CFO News

NOVEMBER 3, 2024

The corporate affairs ministry emphasizes continuous refinement of the Insolvency and Bankruptcy Code to address future challenges in corporate restructuring. Planned amendments, including a creditor-led resolution framework and group insolvency mechanism, aim to keep the IBC dynamic and responsive to evolving business landscapes.

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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.

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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. RBS has denied the allegations and says it acted lawfully, according to reports.

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PYMNTS

APRIL 14, 2020

WeWork plans to make additional reductions to its workforce, even with the recent removal of jobs, Bloomberg reported. Mathrani said that “restructuring is inevitable” for the firm to have success in the future. Mathrani said that “restructuring is inevitable” for the firm to have success in the future. did as well.

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CFO Simplified

FEBRUARY 11, 2022

Larry Chester, CEO of CFO Simplified, was featured on NADC BoardTalk to discuss business planning for small to medium-sized businesses in 2022. His team serves as fractional CFOs to companies in many industries, from start-up to middle market, providing cash flow planning and other services that drive profitability.

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E78 Partners

AUGUST 21, 2023

Value creation will need to get off to a quick start, which means that pre-transaction diligence and a 100-day plan are more crucial than ever. Getting Out of the Gate Fast: The First 100 Day Plan After acquiring a company, the first 100 days are crucial. But you cannot stop there.

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PYMNTS

SEPTEMBER 14, 2020

The split must be achieved by June of 2024, and companies will have to outline their plans for such a split by Oct. Deloitte’s plans also come as it plans to look into selling its restructuring arm in spite of the surging demand for insolvency services. announced its plan to disentangle the groups’ various arms in July.

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PYMNTS

FEBRUARY 24, 2020

Dine Brands also owns IHOP, and it said that it wasn’t going to close more than 15 Applebee’s restaurants after it recently closed 200 under a restructuring plan. The news comes amid increasing challenges for so-called casual dining restaurants as they face a bevy of healthier choices and more competition from delivery services. .

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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.,

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