Restructuring

Nationwide Building Society, a stalwart of the UK financial landscape, has unveiled plans for a significant restructuring effort, putting over 300 jobs at risk in its latest round of cuts within the past year.This move underscores the…

@thebellsareringing I believe illegal immigration is more of a political talking point, as there are so many uninsured Americans in the US now. Illegals are just a scapegoat for our under funded medical and overpriced insurance.In reality…

© Reuters. SAP hits record high on AI-focused job restructuring plan; Jefferies sees upside Shares of SAP SE (ETR:) (SAP) jumped more than 6% in premarket trading Wednesday after the company reported Q4 financial results and…

The FTX Debtors estate has filed an amended Chapter 11 to its reorganization plan today, leaving investors its creditors dumbfounded on the defunct exchange’s next steps. According to the proposed plan, under the leadership of CEO…

© Reuters. LONDON - Citi is set to commence another phase of its restructuring program, known internally as the Bora Bora initiative, with job cuts anticipated at its Canary Wharf office. The move, part of CEO Jane Fraser's strategy…

Social media giant Meta has reportedly disbanded its division responsible for regulating its artificial intelligence (AI) ventures as they are developed and deployed.According to a report, many team members of Meta’s responsible AI division…

Celsius Network has secured the approval of the US bankruptcy court to restructure its business. In the plan, the company has promised to return crypto assets to customers and outlined a new vision for moving forward. This marks an…

The New York bankruptcy court has approved Celsius Network’s restructuring plan, effectively enabling the cryptocurrency lending platform to come out of bankruptcy. Meanwhile, the US Securities and Exchange Commission (SEC)…

Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange (CEO), Fejiro Hanu, has confirmed that customers now have…

© Reuters. FILE PHOTO: Bottles of prescription painkillers Hydrocodine Bitartrate and Acetaminopohen, 5mg/325mg pills, made by Mallinckrodt sit on a shelf at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George…