restructuring

Travelex Ditches Sale After Banks Reject Offers
Travelex Ditches Sale After Banks Reject Offers
June 16, 2020  |  Partnerships / Acquisitions

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the...

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24 Hour Fitness Seeks Chapter 11 Bankruptcy Protection
24 Hour Fitness Seeks Chapter 11 Bankruptcy Protection
June 15, 2020  |  Economy

24 Hour Fitness, the privately owned gym chain, announced Monday (June 15) that it filed for Chapter 11 bankruptcy protection, according to a press release....

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HSBC To Restart Restructuring, Eyes Deeper Job Cuts
HSBC To Restart Restructuring, Eyes Deeper Job Cuts
May 25, 2020  |  Banking

The biggest reorganization in HSBC’s history could get even larger as more cuts are requested by the board following the economic fallout from the worldwide...

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Office Depot Restructuring To Support B2B Solutions, IT Services
Office Depot Restructuring To Support B2B Solutions, IT Services
May 17, 2020  |  B2B Payments

In order to “realign its operational focus to support its business-to-business solutions and IT services business units and improve costs,” Office Depot is planning to...

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HSBC Overhaul May Be Delayed Over COVID-19
HSBC Overhaul May Be Delayed Over COVID-19
March 19, 2020  |  Banking

Noel Quinn has stepped into a full-time job as CEO of HSBC, and his first tasks in that job will involve strategizing around the colossal...

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Metro Bank Moves Away From Mortgages After Reporting Error
Metro Bank Moves Away From Mortgages After Reporting Error
February 26, 2020  |  Banking

After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back...

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Today In Payments: Alibaba’s Loans For Coronavirus-Affected Firms Near $3B; Japanese Sales Tax Triggers 6 Pct Economic Contraction
Today In Payments: Alibaba’s Loans For Coronavirus-Affected Firms Near $3B; Japanese Sales Tax Triggers 6...
February 18, 2020  |  News

In today’s top news, Alibaba has made almost $3 billion in loans available for companies hurt by the coronavirus, and Japan’s recent sales tax triggers...

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Wells Fargo Sees Card Spending Growth As Restructuring, Regulators Loom
Wells Fargo Sees Card Spending Growth As Restructuring, Regulators Loom
January 14, 2020  |  Earnings

For Wells Fargo (at least, when it came to the latest earnings report), it was all about the costs — and scandals. Charles Scharf, the...

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INTL FCStone Mitigates Brexit Risk With FX Takeover
INTL FCStone Mitigates Brexit Risk With FX Takeover
January 13, 2020  |  B2B Payments

INTL FCStone, a risk management and advisory service provider for players in the financial industry, announced a new acquisition to strengthen its small business foreign...

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