FTI Consulting Expands Corporate Finance & Restructuring Segment in the Middle East with Appointment of New Senior Managing Director – StreetInsider.com

Restructuring

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. Vikas Papriwal Will Lead the Middle East Corporate Finance & Restructuring Practice LONDON, Oct. 28, 2020 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Vikas Papriwal as a Senior Managing Director in the firms Corporate Finance &…

HSBC Reports 35% Fall in Quarter, Announces Business Restructuring – Equities News

Restructuring

[embedded content] By Sumeet Chatterjee, Lawrence White HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday signaled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rate to fee-based businesses. Reporting a 35% tumble in quarterly profit, Europes largest bank also accelerated plans…

New insolvency laws could impact trade credit insurance – Regulatory & Government – Insurance News

Restructuring

The Federal Governments proposed changes to the insolvency framework, which will commence on January 1 if legislation is passed, could result in an unprecedented number of possible claim events for trade credit insurers, Lockton Companies Australia has warned. The reforms, announced in September by Treasurer Josh Frydenberg, draw on key features from Chapter 11 of…

RBIs debt restructuring scheme sees few takers in corporate world: Banks – Business Standard

Restructuring

Business Standard Under the scheme, borrowers’ accounts will not be downgraded as sub-standard or ‘non-performing’ if their loans are restructured TopicsReserve Bank of India|debt restructuring scheme|India Inc The Reserve Bank of Indias (RBIs) loan restructuring scheme for Covid-19-affected borrowers has seen few takers in the corporate world so far, according to bank executives who have…

For Malaysia Airlines, clarity and urgency in restructuring is key – Flightglobal

Restructuring

Could a regional turboprop operator once said to never, ever be able to turn a profit become Malaysias next national carrier? Thats the question confronting senior management at Malaysia Airlines, with the carriers fate again thrust into the spotlight after acknowledging the deep impact the coronavirus outbreak has wrought on its fortunes. Malaysia Airlines had…

Unions trying to suppress workers’ opposition to pro-business restructure at Australia Post – WSWS

Restructuring

Officials from the Communication Workers Union (CWU) and the Communications Electrical Plumbing Union (CEPU) are attempting to stifle mounting opposition to a pro-business restructure at Australia Post (AP), which threatens thousands of jobs and is already sharply increasing workloads. In recent weeks, Shane Murphy, the national president of the CEPUs communications division, has held meetings…

Insolvency expert shortage needs accountants, lawyers to step in – The Australian Financial Review

Restructuring

“We recommend opening up the restructuring practitioner role for small businesses beyond the domain held by registered liquidators. “It has gone so far as to recommend that the best people to help restructure a small business are likely to be senior accountants and even lawyers particularly in suburban and regional Australia who are closest to…

Zee Group in restructuring mode, ropes in Rahul Johri to head content, revenue divisions – Outlook India

Restructuring

Mumbai, Oct 21 (PTI) Private broadcaster Zee Entertainment Enterprises Ltd (ZEEL), which has been facing cash flow issues for over a year, on Wednesday unveiled a major strategic restructuring involving its key talent and integrated various business and content verticals with a focus on revenue maximisation and entering newer territories. Major part of restructuring is…