Latest News on Restructuring
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Restructuring - Total results - 48
Feb 18, 2020
HSBC to shed assets worth $100 billion, slash 35,000 jobs over three years; to combine retail banking and wealth management business unitIn the United States, where the bank has underperformed for years, HSBC said it needed to improve returns and would close around a third of its 224 branches and target only international and wealthier clients.
Jan 02, 2019
Govt does well to dovetail MSME loan rescheduling with GST, a carrot and stick policy beyond reproachThe latest move is to apply balm on the MSMEs ravaged by demonetisation and Goods and Services Tax.
Jun 26, 2017
RBS' small bank bid: To slash hundreds of jobs in UK, move them to IndiaRBS is in the midst of a major restructuring aimed at returning the bank to profit after almost a decade of straight years of losses
May 21, 2016
Why banks need to recognise NPA problem at the earliest to preserve economic value of their assetsA careful analysis of the figures present by Mundra shows that while PSBs increased their profits (between 2012-13 and 2015-16) by 110% (see chart) Indian private sector banks increased their profits by 175%
Apr 26, 2016
Xerox's revenue falls on lower printer sales; expects $100 million in restructuring costsXerox Corp reported a 4.2 percent fall in quarterly revenue, hurt by lower sales of printers and copiers, and said it expects to incur about $100 million in restructuring costs in the second quarter.
Feb 03, 2016
Yahoo to look at strategic alternatives, cut 15% of workforce as it pursues spin-offYahoo Inc said it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off.
Dec 31, 2015
Japan state-backed fund to support Toshiba's restructuring: NikkeiA Japanese state-backed fund will help Toshiba rebuild its home electronics division and other operations by facilitating tie-ups with Sharp and others, the Nikkei reported.
Dec 21, 2015
Toshiba to discuss restructuring steps todayToshiba Corp said it would discuss its restructuring measures and it may announce the impact on its business for this fiscal year ending March.
Nov 04, 2015
In major restructuring, StanChart to axe 15,000 jobs and raise $5.1 bnThe restructuring will cost $3 billion and Winters said he also plans to invest more than $1 billion over three years to improve its retail and private banking business
Jun 18, 2015
Meet Satya Nadella's new team: Stephen Elop out; Terry Myerson gets bigger roleAs part of a new re-organisation, Elop is departing alongside other key Microsoft executives, including Kirill Tatarinov and Eric Rudder.