SAA spokesman Tlali Tlali confirmed on Sunday that the appointment of a chief restructuring officer was one of the conditions set by the lenders. It is understood that Peter Davies, a British aviation veteran who has served on the board of the International Air Traffic Association, has been selected as the preferred candidate for the…
James Hurley, Callum Jones The Global Restructuring Group of Royal Bank of Scotland, which is 71 per cent-owned by the taxpayer, has been accused of stripping small businesses of assets to raise profitsStefan Wermuth/Reuters Campaigners have described an intervention from the chief executive of Royal Bank of Scotland as offensive after he said that he…
4:50 PM PDT 10/13/2017 by Natalie Jarvey The company restructured in early September following the departure of president Jeff Berman. Lloyd Braun’s media firm, Whalerock Industries, conducted a round of layoffs last month as part of a company wide restructuring, sources tell The Hollywood Reporter. In August, Whalerock president Jeff Berman left the company behind Kimoji…
OCT 13 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – More high street banks and building societies intend to curb their supply of credit to consumers over the next three months than…
Image copyright EPA An influential committee of MPs is putting more pressure on the UK’s financial watchdog to publish a report into misconduct at RBS. The Treasury Committee said it could use “formal powers” to demand publication of a Financial Conduct Authority report leaked to the BBC. The FCA has refused to publish the full…
CRRC Corp., Chinas top state-owned rail equipment maker, plans to reshuffle its struggling freight-car production businesses in a bid to eliminate excess capacity as part of a corporate restructuring. Sources close to the company told Caixin that CRRC has worked out a plan to consolidate its 10 freight-car manufacturing subsidiaries, reducing overcapacity and optimizing resource…
OCT 13 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – More high street banks and building societies intend to curb their supply of credit to consumers over the next three months than…
OCT 13 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – More high street banks and building societies intend to curb their supply of credit to consumers over the next three months than…
OCT 13 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – More high street banks and building societies intend to curb their supply of credit to consumers over the next three months than…
Chinas leading train maker, CRRC Corp., will shutter half of its freight-car manufacturing capacity in a business restructuring to deal with excess capacity. CRRC has told several rail vehicle-making subsidiaries to cut freight-car production, involving about 50% of its total freight-car manufacturing capacity. Three subsidiary companies will fully withdraw from freight-car production, according to a…