The Dash For Cash: Leaked Files Reveal RBS Systematically Crushed British Businesses For Profit – BuzzFeed News
… Read the full article at: https://www.buzzfeed.com/heidiblake/dash-for-cash
Ulster Bank to shut up to 10 of its branches in restructuring move – Belfast Telegraph
Ulster Bank is expected to announce up to 10 branch closures in Northern Ireland within the next fortnight. It is understood a review of the bank’s branch network is under way, and that an announcement is due on cutbacks. It currently has around 65 branches across Northern Ireland. In the Republic, it has also been…
Boutique fund reboot is not working for AFL chairman Mike Fitzpatrick – The Sydney Morning Herald
It will be a few more weeks before Carlton legend Mike Fitzpatrick hangs up his boots as AFL chairman, but he doesn’t need to worry about things getting a little boring following his departure from the big game. The Fitzpatrick-chaired boutique investment disaster, Pacific Current Group (PAC), shows no signs of making peace with its…
Restructuring The Business Could Unlock Meaningful Value For Fujitsu – Seeking Alpha
As I wrote about Fujifilm (OTCPK:FUJIY) last week, that company is a relatively rare example of a Japanese conglomerate that has moved reasonably quickly to transform itself in response to changing market realities. If Fujifilm is the “after” picture, Fujitsu (OTCPK:FJTSY) is more like the “before” picture, as weak profitability in its manufactured products continues…
Cambodia arrests casino owner for kidnapping gambling debtors … – CalvinAyre.com
Cambodian authorities have detained four Chinese nationals accused of a kidnapping and extortion plot involving gamblers whod rung up debts at a local casino. On Monday, Cambodia Daily reported that National Military Police had arrested Ding Chunyaun, the owner of an unidentified casino in Poipet City, along with three accomplices for the kidnapping of three…
It’s another day of ‘good news is bad news’ at Bill Ackman’s nightmare stock – Business Insider
Heres the good news: Valeant Pharmaceuticals has raised $US1.1 billion dollars in asset sales it will use to pay down debt. Its also taking this opportunity to refinance more of its $US30 billion outstanding debt load. Thats also the bad news. The stock is down over 4%, adding to its 20% slide over the last…
Corporate debt restructuring: Recast packages worth Rs 42000 crore under the mechanism failed in 2016 – The Indian Express
Written by George Mathew | Mumbai | Published:March 7, 2017 1:39 am The revival plans of banks to recover their funds stuck with stressed borrowers dont seem to be working with corporate debt restructuring (CDR) packages of 264 borrowers worth Rs 1,25,093 crore of loans failing and turning into bad assets. Of this as much…
Greek banks prepare to restructure corporate loans of 5 bln euros – Kathimerini
Banks are preparing a major endeavor to restructure problematic corporate loans which extend across four key business sectors and add up to some 5-5.5 billion euros. In the coming weeks and months the credit sector aims to tackle loans worth 1.1 billion euros in the steel industry (of which about half are nonperforming), a billion…
Deutsche Bank launches $8.5 billion capital hike amid heavy restructuring – CNBC
Deutsche Bank plans a significant capital hike alongside the flotation of its asset management holding and further restructuring from asset disposals, Germany’s biggest lender said on Sunday. The 8 billion ($8.5 billion) capital raise will be launched on March 21, the bank said in a statement, and undertaken via the issuance of new shares with…
Neiman Marcus said to have hired debt restructuring adviser – STLtoday.com
U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd. to explore ways to bolster its balance sheet as it seeks relief from a $4.9 billion debt pile, people familiar with the matter said on Friday. Neiman Marcus is in no immediate risk of bankruptcy, the sources said. However, the move makes…