Large loan sale allows digital bank to restructure its balance sheet
What I Know: First Internet Bancorp’s upcoming sale of an $869 million single-tenant commercial real estate loan marks the largest personal loan transaction in its 25-year history. Important insights: Despite this sale, First Internet continues to favor the single-tenant market and intends to keep lending in that area. Move forward: This loan sale will decrease […]
Van Jones calls for Democrats to say sorry and restructure after Biden’s concealment.
Former adviser to Obama and CNN commentator Van Jones has urged the Democratic Party to apologize to the American people for allegedly misleading them regarding former President Joe Biden’s chances in the upcoming midterm elections. During an appearance on “The State of the Union,” Jones discussed host Jake Tupper’s new book, which critiques Biden’s recent […]
Warner Bros. Discovery announces major corporate restructure
Media conglomerate Warner Bros. Discovery (WBD) on Thursday announced a major restructuring that will split its linear and streaming divisions into two companies, with an eye toward potential mergers and acquisitions next year. Under the new corporate structure, WBD will serve as the parent company for two business units: Global Linear Networks and Streaming and […]
University of Iowa latest school to restructure DEI office while keeping ideology alive
A growing number of universities are axing their diversity, equity, and inclusion requirements, but the University of Iowa became the latest to restructure its DEI office while attempting to preserve the operational ideology. The University of Iowa announced that it restructured the Division of Diversity, Equity, and Inclusion, rebranding it as the Division of Access, […]
Citigroup CEO Jane Fraser has chance to pull off the restructure of the century, bring banking empire back to its former glory
It seems almost unbelievable that there was a time, and not that long ago, when Citigroup was the model financial services company. It could happen again, but only if CEO Jane Fraser pulls off the restructuring of the century. Full disclosure: I don’t believe in Citi’s comeback story, but there are people I respect on […]
SAP to restructure 8,000 jobs in push towards AI, shares hit record
Qualcomm President and CEO Cristiano Amon reveals how AI can change the way Americans drive on “Craman Countdown.” SAP SE stock prices rise after the German software company announced it would restructure the roles of 8,000 jobs to forecast growth in cloud revenue and focus on growth in artificial intelligence (AI)-driven business areas. , soared […]