Under Armour launches restructuring after posting quarterly loss – Financial Times

Shares in Under Armour tumbled nearly 9 per cent in pre-market trading on Tuesday after the sportswear maker reported its second straight quarter of losses and launched a major restructuring plan that would slice its 2017 operating profit by half. The Maryland-based company also lowered its full year sales expectations amid tough trading conditions in…

Goldman Sachs has a long list of ‘investment priorities’ for its struggling bond trading business – Business Insider

Goldman Sachs has been having a tough time in bond trading,a business that was once a dependable source of revenue.The US bank delivered $US2.8 billion in fixed income, currencies and commodities client execution revenues in the first half of 2017, down 19% from the same period last year. That figure was $US4.7 billion in 2015…

Radian To Restructure Services Business, Expects To Incur Charges – Quick Facts – Markets Insider

(RTTNews) – While reporting its second-quarter financial results today, Radian Group Inc. (RDN) said that based on the strategic review of the Services business lines to date, it has decided to restructure this business and currently expects to incur charges relating to the changes necessary to reposition this business for sustained profitability. While the company’s…

‘Disgraceful’ lack of progress by RBS over GRG group restructuring scandal – The Times

James Hurley, Enterprise Editor Andrew Gibbs, an architect, says an update on his case doesnt even make senseSTEPHEN POND FOR THE TIMES Business owners affected by Royal Bank of Scotlands restructuring scandal have expressed frustration at what they say is a lack of progress in the lenders compensation scheme. RBS has paid millions in automatic…

‘Disgraceful’ lack of progress by RBS over GRG group restructuring scandal – The Times

James Hurley, Enterprise Editor Andrew Gibbs, an architect, says an update on his case doesnt even make senseSTEPHEN POND FOR THE TIMES Business owners affected by Royal Bank of Scotlands restructuring scandal have expressed frustration at what they say is a lack of progress in the lenders compensation scheme. RBS has paid millions in automatic…

Shayne Elliott is about to embark on a deep restructure of the ANZ … – Business Insider Australia

Shayne Elliott is about to restructure the ANZ Bank, streamlining the workforce, and reducing dependency on mortgage brokers and branches. The Australian Financial Review reports that Elliott and ANZ chairman David Gonski have sketched out the boldest restructuring plan seen in Australian banking history. Elliott says ANZ has no choice but to start with a…

The secret war brewing in Millennial super – The Sydney Morning Herald

A dispute between two of the most ambitious new entrants to Australia’s $2 trillion superannuation industry is on the radar of regulators and has enthralled the fintech community. Spaceship, the Millennial-focused super product backed by Atlassian co-founder Mike Cannon-Brookes, is locked in an impasse with its back-end compliance and administration provider, Trustee Partners, which in…