Citing an article from the Financial Times, Reuters reported the cost-cutting plan stemmed from interim CEO Noel Quinn, who was selected for the position after the unexpected departure of former CEO John Flint in August.
Reuters added the workforce reduction comes on the heels of a gloomier-than-expected outlook for the company as the trade war between the U.S. and China drags on.
What a difference a decade makes. Perhaps now just a fading memory, 2008 was a painful turning point within the financial industry landscape as the U.S. entered its deepest recession in 80 years commencing in December 2007. This intensified with... read more
AI and robotics process automation are hot topics. How close is the equipment finance industry to adopting these trends and how will it affect large and small lessors? Katie Emmel: AI and robotic processes have the potential to deliver great... read more