Industry News

Satin Creditcare Network Ltd, a Delhi-based micro lender, on Friday said it has raised Rs250 crore by way of a qualified institutional placement, which opened for subscription on 26 September and closed on 29 September. Corresponding to Rs250 crore of capital raise, SCNL issued 4,529,970 equity shares to qualified institutional buyers at an issue price of Rs551.88 per equity share, after giving a discount of up to 5% on the floor price of Rs580.92 per equity share, it said in..."/>
Satin Creditcare raises Rs250 crore in QIP [Mint, New Delhi]
South Indian Bank Ltd on Friday said its second-quarter net profit rose 18.36% on the back of higher other income. Net profit rose to Rs110.52 crore for the three months ended 30 September from Rs93.38 crore in the same quarter last year. Profit was higher than the Rs105.10 crore estimated by a Bloomberg poll of two analysts."/>
South Indian Bank Q2 net profit rises 18.36% to Rs110.52 crore [Mint, New Delhi]
Aon plc, has said that it is seeing increased demand from pension schemes for help in accelerating their journey to buy-out. As a result, it has brought together its capabilities in both the risk settlement and liability management fields to create a new Liability Settlement team. More and more UK pension schemes have the ultimate objective of buying-out their liabilities with insurance company-..."/>
Aon creates Liability Settlement team to accelerate buy-out process
Not Your Parents' ESG Strategy
Daily Mail, London, market report column [Daily Mail, London]
EasyJet tumbled yesterday after the company said annual profits would be around pounds sterling 200 m lower than last year. The airline has missed out on at least pounds sterling 125 m of profits from terror attacks in Europe, Egypt and Tunisia, as well as air traffic control strikes in France and political turmoil in Turkey. Atrocities at popular travel destinations such as Brussels, Paris, Nice and Sharm el-Sheikh have also deterred holidaymakers."/>
EasyJet takes a pounds sterling 200m hit from terror and fuel costs [Daily Mail, London]
THL Credit, Inc., today announced that it will report its financial results for its third fiscal quarter of 2016 after the market closes on November 9, 2016.. THL Credit will host a conference call to discuss these results and its business outlook on November 10, 2016, at 10:30 a.m. Eastern Standard Time. The conference call will be led by Sam W. Tillinghast and Christopher J. Flynn, co-chief executive officers, and Terrence W. Olson, chief operating officer and..."/>
THL Credit Schedules Third Fiscal Quarter 2016 Earnings Release and Conference Call
Bank of Marin Bancorp will webcast its third quarter earnings call on Monday, October 24, 2016 at 8:30 a.m. PT/11: 30 a.m. All interested parties are invited to listen to Bank of Marin’ s President and Chief Executive Officer, Russell A. Colombo, and Executive Vice President and Chief Financial Officer, Tani Girton, who will discuss the highlights of the Bank’ s fiscal third quarter which ended September 30, 2016.. Investors will have the opportunity to listen to the..."/>
Bank of Marin Bancorp to Webcast Q3 Earnings Monday, October 24 at 8:30 a.m. PT
XL Group Ltd announced today that it intends to release its Third Quarter 2016 results after the close of regular stock market trading hours on Wednesday, October 26, 2016. A conference call to discuss the Company's results will be held at 5:00 p.m. Eastern Time on October 26, 2016.. The Company also noted today that, based on preliminary results reported to XL from the underlying investments for the three months ended September 30, 2016,..."/>
XL Group Ltd Announces Third Quarter 2016 Results to be Released on Wednesday, October 26, 2016
Sun Life Financial hosted its fourth Sun Life Summit to shed light on important and complex issues surrounding potential health care policy impacts from the upcoming election. The Summit gave perspectives on how employers can navigate upcoming policy changes, as well as better manage disability programs while remaining compliant with federal regulations and avoiding increased costs due to loss of..."/>
Sun Life Summit provides expert insights on how election could affect health care policy, and impacts for employers
Heritage Insurance Holdings, Inc., a property and casualty insurance holding company, commented on its preparations for Hurricane Matthew and guarded optimism that losses sustained based on the storm's projected path can be absorbed by the insurance providers and the reinsurance industry. Bruce Lucas, Chairman and CEO of Heritage Insurance, appeared on CNBC's October 6 Closing Bell and commented on the current situation."/>
Heritage Insurance Holdings, Inc. Prepares for Hurricane Matthew and Highlights Strength of Catastrophe Reinsurance Program
Charles Schwab Corporation announced today that it has scheduled a Fall Business Update for institutional investors on Friday, October 21 st. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’ s strategic focus. The program is scheduled to run from 8:00 a.m.- 9:00 a.m. PT, 11:00 a.m.- 12:00 p.m. ET."/>
Schwab Announces Its Fall Business Update
Sterling Bancorp, the parent company of Sterling National Bank, today announced that it plans to release results for the third quarter ended September 30, 2016 after the market close on Tuesday, October 25, 2016.. Jack Kopnisky, President and CEO of Sterling Bancorp, will host a teleconference and webcast on Wednesday, October 26, 2016 at 10:30 AM Eastern Time to discuss the Company's results. Interested parties are invited to listen to the webcast and..."/>
Sterling Bancorp to Announce Third Quarter 2016 Results
Federated Premier Municipal Income Fund and Federated Premier Intermediate Municipal Income Fund have declared their monthly dividends. The funds seek to provide investors with current dividend income that is exempt from regular federal income tax. In addition, these funds feature income exempt from the federal alternative minimum tax."/>
Federated Investors' Closed-End Municipal Funds Declare Monthly Dividends

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