The practice of appointing one or more independent directors to the boards of distressed companies has not only proliferated in recent years, but has become the subject of increasing controversy. In this episode of the Restructure THIS! podcast, John ... Read full article
Members of Sheppard Mullin’s Finance & Bankruptcy team recently co-authored an article entitled “When the Other Shoe Drops: Drivers of the Next Restructuring Cycle” with experts from leading restructuring advisory firm M3 Partners for the January 2022 ... Read full article
The JPMorgan CEO says the recovery has to start first, and future buybacks won’t be as big as before; Texas Capital Bancshares and Independent Bank blame the coronanvirus market impact. ... Read full article
With its expenses soaring, the Toronto company has taken a $250 million restructuring charge to cover severance from staff reductions. ... Read full article
The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%. ... Read full article
Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules. ... Read full article
The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings. ... Read full article
In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength. ... Read full article
Clear communication is critical when banks undergo a leadership or operational change. ... Read full article
Readers strongly react to whether the CFPB should have a say on bank mergers and if tribal areas should have special CRA credit, debate whether banks are embracing enough technology and more. ... Read full article
The German bank responds to an op-ed that criticized its restructuring. ... Read full article
The global bank’s overhaul plan will put taxpayers and the financial system at risk. ... Read full article
President says Facebook could face “full banking regulation”; big banks’ farm loan portfolios have shrunk more than 17% since 2015 ... Read full article
The bank will reduce its footprint to its German roots; U.S. banks are offering cash bonuses to keep customers from fleeing to higher-yielding accounts. ... Read full article
Deutsche Bank unveiled a radical overhaul that will see the lender exit its equities business, post a €2.8 billion ($3.1 billion) second-quarter loss and cut the workforce by a fifth to reverse a slide in profitability. ... Read full article
A little over two decades ago, Deutsche Bank set out to become a Wall Street giant. This weekend, Chief Executive Christian Sewing will probably pull the plug on that dream for good. ... Read full article
Deutsche Bank is considering slashing headcount by more than a fifth in what's shaping up to be its biggest makeover in years, two people familiar with the matter said. ... Read full article
The measures will lead to a “significant reduction” in the roughly 97,100-person workforce this year, the German banking giant said. ... Read full article
The Louisiana company, which recorded a large loan-loss provision to cover energy-related chargeoffs, also disclosed a new regulatory order from the Office of the Comptroller of the Currency. ... Read full article
