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Capital One said it expected to realize cost savings of about $350 million and incur restructuring costs of about $420 million.
Its revenue declined by 3 percent in the quarter, to $527.8 million, as it continued to incur restructuring costs.
Cigna said yesterday that it expected to incur restructuring charges of as much as $50 million next year.
The company expects to incur restructuring charges primarily in the third quarter as a result of the cutbacks, but it did not release details.
Oil giant BP has said it expects to incur restructuring charges of about $1bn over the coming year.
If the Restructuring is approved, the Company expects to incur restructuring charges of up to $200 million, substantially all of which is expected to be incurred from the date of the Spin-off through the first half of 2010.
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As a result, for the three months ended March 31 , 2009 the Company incurred restructuring charges of $58 million primarily related to involuntary employee terminations and facility closures, and currently expects to incur up to an additional $90 million in restructuring charges during the remainder of 2009.
Google also expects to incur other restructuring charges related to the actions described above, the majority of which will be recognized in the third quarter.
The cuts, which will incur a £320m restructuring bill this year, were announced after the company issued two profit warnings in three months.
Countries such as Bermuda are considered tax havens, although moving headquarters to a tax haven can incur a huge restructuring cost.
JPMorgan is spending $3 billion more on controls than it did in 2011.One measure of these firms' viability is their "best case" return on equity (ie, assuming that the huge, supposedly, one-off legal fines and restructuring costs incurred over the past half-decade suddenly stop, but the new capital standards are fully implemented).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com