News
Search Results
The Role of the Independent Director in a Restructuring
03/23/2022 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 ...[more]Sheppard Mullin and M3 Partners Weigh In on the Potential Drivers of the Next Restructuring Cycle for the ABI Journal
01/04/2022 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 ...[more]Dimon counsels against bank stock buybacks; Texas banks call off merger
05/27/2020The 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. ...[more]CIBC cuts jobs, shuffles executives in CEO cost-cutting mission
02/26/2020With its expenses soaring, the Toronto company has taken a $250 million restructuring charge to cover severance from staff reductions. ...[more]HSBC scales back U.S. retail expansion amid another global restructuring
02/18/2020The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%. ...[more]Scharf overhauls Wells Fargo’s structure; CECL could be a boon for banks
02/12/2020Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules. ...[more]BofA adds to holiday cheer; AI could be a savings tool
12/12/2019The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings. ...[more]Don't misread restructurings and layoffs as a sign of weakness
12/05/2019In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength. ...[more]Be on point when you’re at a turning point
11/07/2019Clear communication is critical when banks undergo a leadership or operational change. ...[more]'A complex and unworkable mess': Comments of the week
09/05/2019Readers 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. ...[more]Deutsche Bank’s CFO: ‘We are taking our responsibilities seriously'
08/22/2019The German bank responds to an op-ed that criticized its restructuring. ...[more]Deutsche Bank shows it learned nothing from the 2008 crisis
08/14/2019The global bank’s overhaul plan will put taxpayers and the financial system at risk. ...[more]Trump warns on Libra; Lenders retreat on farm loans
07/12/2019President says Facebook could face “full banking regulation”; big banks’ farm loan portfolios have shrunk more than 17% since 2015 ...[more]Deutsche sounds global retreat; banks push for checking deposits
07/08/2019The 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. ...[more]Deutsche Bank CEO slashes 18,000 jobs in $8.3 billion revamp
07/08/2019Deutsche 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. ...[more]Deutsche Bank's fleeting U.S. dreams to be unraveled in revamp
07/05/2019A 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. ...[more]Deutsche Bank plans to cut as many as 20,000 jobs in revamp
07/01/2019Deutsche 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. ...[more]Deutsche Bank scales back U.S. ambitions to focus on Europe
04/26/2018The measures will lead to a “significant reduction” in the roughly 97,100-person workforce this year, the German banking giant said. ...[more]Energy losses, restructuring charges contribute to 2Q loss at MidSouth
07/26/2017The 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. ...[more]