Page 7 - Reorg News Today

Deutsche Bank is winding down its remaining software technology operations in Russia's Moscow and St Petersburg as the German lender looks to end its two decades of reliance on Russian IT expertise, the Financial Times reported on Wednesday.

Nasdaq Stockholm decides to officially list 1 bond loans issued by Georg Jensen A/S with effect from 2023-04-12. Last day of trading is set to 2025-05-05. The instruments will be listed on STO Corporate

A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next year.

UBS's multi-billion state-sponsored takeover of Credit Suisse should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Saturday.

Indian online delivery platform Dunzo has secured funding of $75 million through convertible notes and is laying off about 30% of its staff as it plans a revamp of its business model, the Economic Times reported on Thursday.

UBS Group AG will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG in the biggest bank rescue since the last global financial crash can work.

European banks are increasingly turning to bespoke deals with investors such as hedge funds to offload some of the risk on multi-billion euro loan portfolios and improve their financial strength, several sources involved told Reuters.

Switzerland's financial regulator deflected blame for the collapse of the country's second-biggest bank, Credit Suisse, saying it had been quick to respond, calling instead for more powers to take lenders to task.

McKinsey & Co on Tuesday denied a media report that said the consulting firm was shutting down its corporate restructuring practice.

Burger chain McDonald's Corp is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported on Sunday.