The Bon-Ton Stores, Inc. Receives Court Approval of First Day Motions to Support Business Operations – GlobeNewswire (press release)

Restructuring

Provides Interim Access Up to $725 million in Debtor-In-Possession Financing Stores Open and E-Commerce and Mobile Platforms are Operating in Normal Course to Continue to Provide Exceptional Shopping Experiences for Customers MILWAUKEE, Feb. 06, 2018 (GLOBE NEWSWIRE) — The Bon-Ton Stores, Inc. (OTCQX:BONT) (the Company), today announced that the U.S. Bankruptcy Court for the District…

RBS misled MPs in customer mistreatment scandal, Labour claims – The Guardian

Restructuring

Royal Bank of Scotland Unredacted FCA report allegedly states banks misconduct towards small firms was systemic RBS has said it would not prevent the release of the FCAs report into Global Restructuring Group. Photograph: Philip Toscano/PA Royal Bank of Scotland misled parliament over the extent of its mistreatment of struggling business customers, the shadow Treasury…

Royal Bank of Scotland executives ‘misled’ politicians over small business report -lawmaker – Reuters

Restructuring

LONDON, Feb 6 (Reuters) – Royal Bank of Scotland executives misled a parliamentary committee over the contents of a report into the banks treatment of small businesses, a lawmaker said in Britains parliament on Tuesday. The chief executive and the chairman of state-owned RBS offered misleading evidence about the extent to which the report accused…

IPL cuts 100 jobs in Indiana, gets new president and CEO under corporate restructuring – Indianapolis Business Journal

Restructuring

Indianapolis Power & Light Co. is cutting 100 jobs in Indiana and getting a new president and CEO under a corporate restructuring by parent AES Corp. The utility announced the moves Monday evening as part of a global strategic transformation. Under the restructuring, Craig Jackson will assume the role of president and CEO of both…

Houlihan Lokey Expands Financial Restructuring Business in Asia-Pacific Region With New Hire – Digital Journal

Restructuring

HONG KONG–(Business Wire)–Houlihan Lokey (NYSE:HLI), the global investment bank, today announced that Edward Middleton has joined the firm as a Managing Director and Co-Head of Financial Restructuring, Asia alongside Brandon Gale. He is based in Hong Kong. Mr. Middleton enjoys an excellent reputation in the international restructuring community, having been a partner at KPMG, where…