Global education publisher Pearson appoints Andy Bird as CEO
Andy Bird will be replacing current CEO, John Fallon, and will assume the role from October 19, 2020.
restructuring
HSBC Sends Out Memo On Resuming ‘Redundancy Plan’ Post COVID-19 Crisis
The cost restructuring plan of HSBC was put on hold due to the global outbreak of COVId-19 pandemic. Now that profits slouches which difficult economic forecasts ahead, the bank decides to fall back on its initial plan to cut over thirty thousand jobs.
Deutsche Bank Sold ‘$50 billion’ Assets To Goldman Sachs
As part of overhaul, Deutsche Bank sells off “unwanted assets”.
Deutsche Bank’s Aim Is ‘Not To Maximize Earnings For One Or Two Quarters’
Arriving from the brink of collapse, and aiming for a “broader restructuring” would require two to three more year for Deutsche Bank.
