MPs concerned by ‘rebranding’ of RBS restructuring division – The Guardian

Three-quarters of the staff and nearly all the senior managers at Royal Bank of Scotlands new division, which supports struggling businesses, previously worked at its controversial Global Restructuring Group, which has been accused of pushing firms into bankruptcy. The Treasury select committee, which last week published a full report into the GRG scandal, said 136…

GE nominates accounting, turnaround experts to its board of directors – CNBC

General Electric nominated top aviation and industrial executives and an accounting expert to its board on Monday, as it seeks to restructure its business and restore investors’ confidence in one of the largest U.S. industrial conglomerates. The Boston-based multinational, which racked up a $10 billion loss in the fourth quarter, was the worst-performing stock on…

Stephens Inc. Acquires Restructuring Advisory Business of Blackhill Partners – Business Wire (press release)

LITTLE ROCK, Ark.–(BUSINESS WIRE)–Stephens Inc., an independent financial services firm, today announced that Dallas-based Blackhill Partners (Blackhill) has joined the firm to lead its new North American restructuring advisory business. We have experienced a strong appetite for restructuring expertise in our Stephens Europe Limited operation, and the addition of Blackhill better positions us to service…

Europe’s top 4 investment banks hire staff for busier times – Financial Times

Laura Noonan, Investment Banking Correspondent February 26, 2018 Europes top four investment banks have begun to increase staff numbers for the first time since 2015 to capitalise on improving market conditions after years of restructuring. Credit Suisse, Deutsche Bank and UBS increased staff numbers in the second half of 2017, their full-year results show. Barclays, which reports staff numbers…

Zimbabwe: Zimplow Reaps Rewards of Restructuring Pain – AllAfrica.com

By Simbarashe Zishiri After three dark years, Zimbabwe’s biggest agricultural implements maker, Zimplow is back in the black, leaner and more efficient after taking the pain of restructuring and cost cuts. The company, which is also among the largest manufacturers and distributors of farming implements in sub-Saharan Africa region, operates through four divisions, namely, Barzem,…

Debt restructuring can put our utilities on profitable path – Business Daily (press release) (blog)

Columnists Sunday, February 25, 2018 22:00 By TEUTA KACANIKU | A lack of creditworthiness. Often, this is the most critical obstacle to implementing investment programmes. FILE PHOTO | NMG  Sector reform is a familiar concept for anyone working in the energy sector, particularly in developing countries. Typically, it involves measures such as building an institutional…

Abraaj’s Naqvi Cedes Control of Funds Division in Restructuring – Bloomberg

Abraaj Groups founder Arif Naqvi will cede control of the fund management business in what he said was a planned restructuring of the private equity firm accelerated by reports of misused funds. The Middle Easts largest buyout company promoted Omar Lodhi and Selcuk Yorgancioglu as co-chief executive officers of Abraaj Investment Management Ltd., which will…

Graham Holdings Company Reports 2017 and Fourth Quarter Earnings – Business Wire (press release)

ARLINGTON, Va.–(BUSINESS WIRE)–Graham Holdings Company (NYSE:GHC) today reported net income attributable to common shares of $302.0 million ($53.89 per share) for the year ended December 31, 2017, compared to $168.6 million ($29.80 per share) for the year ended December 31, 2016. For the fourth quarter of 2017, the Company reported net income attributable to common shares of…