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Costs and staff can be slashed, equity is quickly turned into high-yield debt, and a positive return is sought sooner rather than later.
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Yet executives at Haseko are thinking of slashing shareholders' equity in the next three years, a move that would wipe out much of the value of the swapped ordinary shares.
The financial crisis slashed the value of their equity investments.
The Fed estimates how banks would cope if U.S. unemployment rose to 12percentt, economic output fell by 5percentt, equity prices were slashed by 50percentt and home prices declined more than 20percentt.
The bank also slashed its targets for returns on equity, reflecting pressures on banks' profitability from regulations and subdued markets.American employers added just 96,000 jobs to the payrolls in August, a disappointing figure.
Private equity firms walked away or slashed offer prices, while banks performed contortions to get out of lending commitments.
One of the private equity backers of New Look has slashed the value of its holding in the fashion chain by nearly 50%.
The European Investment Bank has slashed deals with UK VCs and private equity groups by more than two-thirds, with no equivalent funding from the UK government in sight.
But Harper slashed at his funny little pet hates, like pay equity for women, human rights commissions and federal cash to fund all political parties, things that had been toddling alone fine.
Ditto 1998, when the Asian flu roiled global equity markets; financial firms panicked then, too, and slashed head count.
Icahn is among a number of bondholders who will swap debt for equity in a revamped company that should see borrowings slashed from $900m to little more than $100m £64mm).
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CEO of Professional Science Editing for Scientists @ prosciediting.com