Industry News

New Residential Investment Corp disclosed on Saturday that its board of directors authorised a common stock dividend of USD0.46 per share for the third quarter of 2016.. This dividend will be paid on 28 October 2016 to shareholders of record on 3 October 2016.. New Residential is a real estate investment trust that invests in and actively manages investments related to residential real estate."/>
New Residential announces dividend of USD0.46 per share for Q3 2016
Pacific Premier Bancorp, Inc., the holding company of Pacific Premier Bank, is pleased to announce that the Company has been named a member of the Sandler O’ Neill Sm-All Stars: Class of 2016. The Sm-All Stars reflect the top performing small-cap banks and thrifts in the country. According to Sandler O’ Neill+ Partners, an investment banking firm and broker-dealer focused on the financial services sector, banks selected for the 2016 Sm-All Stars list have exceptional..."/>
Pacific Premier Bancorp Named 2016 Bank & Thrift “Sm-All Star” by Sandler O’Neill + Partners
Citigroup Inc has closed the sale of a special purpose financial insurance company Financial Reassurance Company 2010 Ltd, to a subsidiary of Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft, the company declared on Friday. Also, the company stated that FRAC has re-insured a block of term life insurance policies issued by a subsidiary of Primerica Inc, Primerica Life Insurance Company of Canada, which were in force as of 18 December 2009. FRAC was reported as a..."/>
Citi completes sale of FRAC to Munich Re's subsidiary for undisclosed amount
United Bank of India, after the agency carried out raids at multiple cities and recovered cash, jewellery and investment of over Rs13.5 crore. Allegedly, Bhargava had abused her official position, first as an executive director of Canara Bank and later as the boss of UBI for making money for herself and/or for a..."/>
Mint, New Delhi, Tamal Bandyopadhyay column [Mint, New Delhi]
Capri Global Capital Ltd has gained over 200% in last three months on the back of higher volumes, and hit a five-year high in intraday trade on Monday. In intraday trade, the stock hit a high of Rs.344.90 on the BSE, a level last seen on 26 November 2011, and gained as much as 19.5%. Since 19 August, it has gained 110% and so far this year it has gained 87%."/>
BRIEF: Capri Global Capital gains 200% in last 3 months [Mint, New Delhi]
Israel Discount Bank is selling five properties for NIS 100 million. Sources inform "Globes" that after selling properties separately over the past two years, the bank has now initiated the simultaneous sale of several of its properties in Tel Aviv, Jerusalem, Haifa, and Herzliya, which it plans to complete within six weeks. The most valuable property being sold is 70% of an office building on Lilienblum Street in Tel Aviv, in which part of the bank's headquarters are located,..."/>
Discount selling Jerusalem, Tel Aviv, Haifa branches [Globes, Tel Aviv, Israel]
United Bank of India, after the agency carried out raids at multiple cities and recovered cash, jewellery and investment of over Rs13.5 crore. Allegedly, Bhargava had abused her official position, first as an executive director of Canara Bank and later as the boss of UBI for making money for herself and/or for a..."/>
Mint, New Delhi, Tamal Bandyopadhyay column [Mint, New Delhi]
National Grid's gas distribution arm, leaving the way open for a Chinese-led bid to snap up the pounds sterling 11? The move comes despite calls this weekend for the sale to be put on hold until the Government's proposed rule changes on' critical infrastructure' are in place. Bids for the gas pipe network owned by National Grid were due on Friday and offers are..."/>
Ministers won't bar a Chinese bid for national grid [Financial Mail on Sunday, London]
Startups out to build a mindful Miami [The Miami Herald]
Hennessy Advisors, Inc. has acquired assets related to management of The Westport Funds, the company said. Terms of the deal were not disclosed. As a result, the Westport Fund and the Westport Select Cap Fund will be reorganized into the Hennessy Cornerstone Mid Cap 30 Fund."/>
Hennessy Advisors Acquires The Westport Fund Assets
Detroit Free Press Susan Tompor column [Detroit Free Press]

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