Insolvency Guardian Media Centre
(Reuters) – Canaccord Genuity Group Inc on Sunday said it will restructure its capital markets business in the United Kingdom, with uncertainty looming over the country as it prepares to exit from the European Union.
The financial services company said the move is expected to result in significant job cuts in its London-based capital markets business.
Canaccord Genuity will record a charge of about $12 million in its fourth quarter as part of the process, the company said.
A prolonged period of political and market uncertainty in the UK has impacted capital raising and related activities in the region resulting in unacceptable returns, it said in a statement.
The restructuring will not affect its wealth management operations in the UK …
Read the full article at: https://www.reuters.com/article/us-canaccord-restructuring-uk-brexit/canaccord-genuity-to-restructure-its-uk-based-capital-markets-business-idUSKCN1RC0W5?il=0
The district court of Bielefeld opened today for the fashion company Gerry Weber into an insolvency process. The Board informed. The court is the application of the chain to a procedure in self-administration of 25. January followed.
in contrast to regular bankruptcy proceedings, determine the proceedings in ownership, the company itself will continue its course. To the Trustee of the proceedings, the court has ordered the lawyer Stefan Meyer. The Executive Board will lead the company.
the aim of the process was the restructuring of the group, the Board of Directors. The business is to be conducted according to the company in full. The financing of the fashion provider is secured acco…
Read the full article at: https://www.globaldomainsnews.com/corporate-insolvency-court-opens-insolvency-proceedings-against-gerry-weber
Photographer: Simon Dawson/Bloomberg
Photographer: Simon Dawson/Bloomberg
Perella Weinberg Partners LP is hiring Clinton Ray and Guy Morgan from Goldman Sachs Group Inc. to expand its European restructuring business, according to people familiar with the matter.
The bankers will join the firm in London in June to advise new and existing clients on restructuring, debt advisory and liability management, said the people, who asked not to be identified because discussions are private. Representatives for Perella and Goldman declined to comment.
Ray, who led Gol…
Read the full article at: https://www.bloomberg.com/news/articles/2019-03-31/perella-is-said-to-hire-two-top-goldman-restructuring-bankers
March 31 (Reuters) – Canaccord Genuity Group Inc on Sunday said it will restructure its capital markets business in the United Kingdom, with uncertainty looming over the country as it prepares to exit from the European Union.
The financial services company said the move is expected to result in significant job cuts in its London-based capital markets business.
Canaccord Genuity will record a charge of about $12 million in its fourth quarter as part of the process, the company said.
A prolonged period of political and market uncertainty in the UK has impacted capital raising and related activities in the region resulting in unacceptable returns, it said in a statement.
The restructuring will not affect its wealth management operations in …
Read the full article at: https://www.reuters.com/article/canaccord-restructuring-uk-brexit/canaccord-genuity-to-restructure-its-uk-based-capital-markets-business-idUSL1N21I093
An MP has launched a scathing attack on the former boss of RBSs scandal-hit turnaround unit GRG, after finding out that he advises the standards organisation for restructuring practices.
Derek Sach, who left RBS in 2015, chairs the International Association of Restructuring, Insolvency & Bankruptcy Professionals (Insol) lenders group and is named on the organisations 2021 task force.
Tory MP Kevin Hollinrake, who is chairman of the parliamentary group on fair business banking, said he is alarmed and perplexed that Mr Sach advises Insol, which RBS chief Ross McEwan last year flagged to the Treasury select committee as a leading association that sets out principles for bankers.
It represents…
Read the full article at: https://www.telegraph.co.uk/business/2019/03/31/ex-boss-rbs-restructuring-unit-criticised-new-role/
(Reuters) – Canaccord Genuity Group Inc on Sunday said it will restructure its capital markets business in the United Kingdom, with uncertainty looming over the country as it prepares to exit from the European Union.
The financial services company said the move is expected to result in significant job cuts in its London-based capital markets business.
Canaccord Genuity will record a charge of about $12 million (9.21 million pounds) in its fourth quarter as part of the process, the company said.
“A prolonged period of political and market uncertainty in the UK has impacted capital raising and related activities in the region resulting in unacceptable returns,” it said in a statement.
The restructuring will not affect its wealth management o…
Read the full article at: https://www.euronews.com/2019/04/01/canaccord-genuity-to-restructure-its-uk-based-capital-markets-business
(Reuters) – Canaccord Genuity Group Inc on Sunday said it will restructure its capital markets business in the United Kingdom, with uncertainty looming over the country as it prepares to exit from the European Union.
The financial services company said the move is expected to result in significant job cuts in its London-based capital markets business.
Canaccord Genuity will record a charge of about $12 million in its fourth quarter as part of the process, the company said.
A prolonged period of political and market uncertainty in the UK has impacted capital raising and related activities in the region resulting in unacceptable returns, it said in a statement.
The restructuring will not affect its wealth management operations in the UK …
Read the full article at: https://uk.reuters.com/article/us-canaccord-restructuring-uk-brexit-idUKKCN1RC0W5
The operational creditors of steel companies face a Shakespearean dilemma.
Though they wish to speak out against the problems at hand due to delayed payments of dues from companies undergoing the Corporate Insolvency Resolution Process (CIRP), they fear retribution from the committee of creditors (CoC) and the new management which would take over. These companies are largely small-time operators and do not wish to sour their relationship with the new management. They are fearful whether a big company would want to continue their contract with them or not, said Anand Verma, an …
…
Read the full article at: https://www.business-standard.com/article/opinion/operational-creditors-face-shakespearean-dilemma-in-essar-steel-insolvency-119033100615_1.html
Italian connections to the infamous Washington landmark.
Until the break-in that occurred the night of 16 June 1972 in the offices of the Democratic National Committee, the Watergate was known primarily as a place of luxury and privacy. In the decades since, of course, the place has become synonymous with scandal.
I recently had the opportunity to write the complete history of the Watergate complex, beginning with the original purchase of the vacant land in February 1960 to the present day. I interviewed current and former residents and unearthed documents from a variety of sources, including the libraries of 13 US presidents and the National Archives.
My journey into the Watergates past also led me to Rome.
On a cold November day at the Cen…
Read the full article at: https://www.wantedinrome.com/news/from-rome-to-watergate.html