DALLAS–(BUSINESS WIRE)–International law firm Dorsey & Whitney LLP announced today that Matthew Matt DeArman has joined the Firms Finance & Restructuring Group in Dallas as a Partner. Mr. DeArmans practice focuses on the representation of agents, lenders and public and private corporate borrowers in a variety of finance transactions and restructuring matters, including in connection…
LINCOLN, Neb.–(BUSINESS WIRE)–Nebraska Book Holdings, Inc. (NBC) announced today, July 31, 2018, that it has successfully completed the restructuring of its balance sheet eliminating the substantial majority of its legacy long-term debt. Going forward the company will have a capital structure that will enable growth and profitability. This was accomplished by NBCs major debt holders…
The City watchdog has confirmed that it has no power to take action against RBS senior managers over their treatment of small firms involved with the banks disgraced Global Restructuring Group. The Financial Conduct Authority last year launched an investigation into the unit of Royal Bank of Scotland set up to help struggling businesses. GRG,…
Diagram 1: Current IOT Model of Jingmei Hospital Diagram 2: Business Model after Restructured Jingmei Hospital HONG KONG, Jul 31, 2018 – (ACN Newswire) – Lately, China Resources Phoenix Healthcare or CR Phoenix (01515.HK) released a public announcement to participate in the restructuring of Beijing Jingmei Group General Hospital and its subordinate medical or elderly…
Nicholas Megaw, Retail Banking Correspondent July 30, 2018 Print this page A high court judge has thrown out a case against Royal Bank of Scotland alleging that its disgraced restructuring unit broke the law when it took control of a struggling bowling business in the wake of the financial crisis. The ruling represents a victory…
Telstra has revealed the departure of four senior leaders, and revealed a new leadership lineup as part of an organisational restructure in line with its Telstra2022 strategy flagged last month. Exiting senior Telstra staff are chief financial officer Warwick Bray, technology innovation and strategy group executive Stephen Elop, wholesale group executive Will Irving and chief…
With usage and uptake growth both in decline…have we reached peak social media? The world of social media was up in arms last week, but it wasnt users that were in uproar. Social media investors saw the values of Facebook and Twitter slide to recent lows on the back of disappointing company results that…
With the recent news that Marks & Spencer, Debenhams and House of Fraser are to close stores across the UK amid heavy falls in profit, it has raised questions around what employees rights are when a business decides to restructure. Contributor Kirsten Cluer, HR Consultant and owner Cluer HR. House of Fraser, the most recent established…
exclusive A former banker from RBSs Global Restructuring Group is alleged to have demanded cash from customers in return for forbearance on their debtsPhilip Toscano/PA Allegations that a former Royal Bank of Scotland manager solicited bribes from small business owners in return for showing leniency towards their troubled companies are being investigated by police, The…
new Alex Ralph BTs adjusted earning rose, helped by restructuring-related cost savings and bigger margins on its EE mobile phone handsetsPHIL NOBLE/REUTERS The biggest overhaul in a decade at BT has begun to be felt with job cuts reducing costs and boosting first quarter profit. Gavin Patterson, the outgoing chief executive, said plans to transform…