In recent years, the business has been a source of regulatory and political headaches while losing ground and talent to rivals. Deutsche Bank now plans to tell hundreds of US equities and rates traders that they will no longer be employed there, people familiar with the matter told Bloomberg. Chief Executive Officer Christian Sewing may…
Andersch, one of Germanys leading restructuring advisory firms has joined FTI Consulting, a global US-headquartered consultancy. The deal sees FTI bolster its German and European restructuring division with around 90 consultants. We look forward to welcoming the entire Andersch team to FTI Consulting, said Steven Gunby, President and Chief Executive Officer of FTI Consulting. Anderschs…
Shutterstock/JOAT Islamic Banking share this article The loan will be used to finance the companys working capital and to meet other business requirements.…
Deutsche Bank AG is considering cutting 15,000 to 20,000 jobs, or more than one in six full-time positions globally, the Wall Street Journal reported on Friday (Jun 28), citing people familiar with the discussions. The layoffs would probably take place over more than a year and would spread across regions and businesses, the Journal said.…
Brown Wright Stein has elevated Gena Kawaguchi and Suzie Boulous to partner. The duos promotion from senior associate recognises their significant contributions to their clients and the firm, the Sydney boutique said. We are delighted to promote both Gena and Suzie to partner, said Peter Wright, managing partner. They are both those rare individuals who…
BERLIN Ford Motor Co. F 3.08% detailed plans to close factories in Europe and cut 12,000 jobs, or more than 20% of the companys workforce there, an effort to return to a profit in the region and focus on technologies that are reshaping the auto industry. The moves are part of a revamp of Fords…
By David McHugh|AP, FRANKFURT, Germany Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe as it streamlines operations in the region to increase profitability. The job cuts are part of a broad restructuring that includes the already announced closure of six plants in Europe. Ford is reducing its total number of…
MUMBAI: Consumer goods-to-real estate conglomerate Godrej could see a restructuring as differences have surfaced between family members over the way forward for the 122-year-old, $5-billion enterprise. Group chairman Adi Godrej and his brother Nadir Godrej are on one side while cousins Jamshyd Godrej and Smitha Godrej Crishna are on the other. A TV report said…
MUMBAI: Consumer goods-to-real estate conglomerate Godrej could see a restructuring as differences have surfaced between family members over the way forward for the 122-year-old, $5-billion enterprise. Group chairman Adi Godrej and his brother Nadir Godrej are on one side while cousins Jamshyd Godrej and Smitha Godrej Crishna are on the other. A TV report said…
Bathstore will continue to trade from its 135 stores in the UK, all of which are at risk of closure, while in administration. The business has appointed BDO to attempt to find a buyer. Ryan Grant, BDO business restructuring partner, said: “Despite significant investment into the business over the past five years, Bathstore has struggled…