Industry News

Allstate, the nation's biggest publicly traded home and auto insurer, is floating the idea of offering additional types of coverage, including policies for your gadgets. "We're not really in the personal device insurance business today," Chairman and Chief Executive Tom Wilson said Tuesday at Barclays Global Financial Services Conference. "If you buy cellphone insurance, it's incredibly expensive for not a lot of value.""/>
BRIEF: Allstate floats idea of insuring more than cars, homes: Will good hands grab gadgets? [Chicago Tribune]
Facebook in the US, their demand in India has grown. Companies, especially in consumer-oriented businesses, are targeting ads to smaller groups of 150 million Facebook users. To put things in context, consultancy firm KPMG projects digital advertising business to triple by 2020 to Rs 25,520 crore as India's smartphone users burgeon."/>
As US moves away, India bets on Facebook's targeted ads [Hindustan Times, New Delhi]
CIM Commercial Trust Corporation, a real estate investment trust that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S., today announced that it has repurchased in a privately negotiated transaction 3,628,116 shares of its common stock from a fund managed by an affiliate of CIM Group, the manager of CMCT. The aggregate purchase price was $79,818,551, or $22 per share."/>
CIM Commercial Trust Announces Repurchase of 3.6 Million Shares
M&F Bancorp will no longer file quarterly and annual reports with..."/>
BRIEF: M&F Bank halts filing financial reports with the SEC [The News & Observer (Raleigh, N.C.)]
Bank of America branch last month. And neither of them are the woman who robbed a Wells Fargo branch in Hallandale on Saturday."/>
The Palm Beach Post, Fla., Frank Cerabino column [The Palm Beach Post, Fla.]
CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of the first-ever, exchange-traded precious metals spread and ratio futures contracts. The three new contracts include Gold/Silver Ratio futures, Gold/Platinum Spread futures and Platinum/Palladium Spread futures and will begin trading on Monday, October 24, 2016, pending regulatory review. These three new contracts will provide market..."/>
CME Group Announces Launch of First-Ever Precious Metals Spread and Ratio Futures Contracts
DNB Financial Corporation, the parent company of DNB First, National Association, today announced that it has obtained all required approvals necessary for DNB to consummate its acquisition of East River Bank, Philadelphia, Pennsylvania. Approvals included DNB and East River shareholder approvals, and regulatory approval from the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Pennsylvania..."/>
DNB Financial Corporation Receives All Required Approvals to Acquire East River Bank
Tiptree Financial Inc. has repurchased 1,000,000 shares of Class A common stock of Tiptree for aggregate consideration of $6,150,000 from Nomura Securities Co., Ltd.. The transaction is expected to be accretive to both book value and earnings per share on a GAAP basis. The shares acquired will be held as treasury shares and will not be outstanding for accounting or voting purposes."/>
Tiptree Repurchases One Million Shares
Fiera Capital Corporation, on behalf of June 2020 Corporate Bond Trust, announces the filing by the Fund of an amended and restated preliminary prospectus supplement with the securities regulators in all of the provinces and territories of Canada relating to an initial public offering of Class A Units and Class T Units at a price of $10.00 per..."/>
June 2020 Corporate Bond Trust Files Preliminary Prospectus for an Initial Public Offering
Ares Capital Corporation announced that it has priced an underwritten public offering of $600.0 million in aggregate principal amount of 3.625% notes due 2022. The notes will mature on January 19, 2022 and may be redeemed in whole or in part at Ares Capital’ s option at any time at par plus a“ make-whole” premium, if applicable. BofA Merrill Lynch, Wells Fargo Securities, J.P."/>
Ares Capital Corporation Prices Public Offering of $600.0 Million 3.625% Notes Due 2022
Flushing Financial Corporation, the parent holding company for Flushing Bank, announced today that the Bank hosted a cocktail reception last night to celebrate the Mid-Autumn Festival at the Leaf Lounge on the rooftop of the Hyatt Place Hotel in Flushing. The reception was well attended and brought together the Bank’ s management team, board members, customers, local business leaders and media outlets.. John R. Buran, President and Chief Executive..."/>
Flushing Bank Hosts Harvest Moon Cocktail Reception in Flushing, New York
Aflac Incorporated announced today that it has priced $300 million of fixed-rate, senior notes due 2026 with a coupon of 2.875% and $400 million of fixed-rate, senior notes due 2046 with a coupon of 4.00%. The 2026 notes will be issued at a price of 99.816 with a re-offer yield of 2.896% and the 2046 notes will be issued at a price of 99.235 with a re-offer yield of 4.044%. The company intends to use the net proceeds from this offering to repay in full..."/>
Aflac Incorporated Prices $700 Million of Senior Notes
PennyMac Financial Services, Inc. today announced the opening of a new call center in the Seattle suburb of Issaquah, WA, dedicated to serving home buyers and expanding the company’ s consumer direct operating capacity. The facility will employ more than 50 mortgage professionals and contribute to continuing growth in PennyMac’ s mortgage operations. “The Issaquah expansion reflects PennyMac’ s strong position in the mortgage industry and the..."/>
PennyMac Announces Opening of New Consumer Direct Lending Call Center in Issaquah, WA
Prudential Financial, Inc. Tokyo conference for institutional investors and analysts are now available at Prudential's Investor Relations website, www.investor.prudential.com. The conference begins on Thursday, September 15 at 8:30 a.m. Japan Standard Time. Prudential Financial, Inc., a financial services leader with more than $1 trillion of assets under management as of June 30, 2016, has operations in the United States,..."/>
Prudential Financial 2016 Tokyo Investor Day presentation materials and live webcast available
Apollo Commercial Real Estate Finance, Inc. today announced the Board of Directors declared a cash dividend on the Company’ s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock of $0.5391 per share for the quarterly period ending on October 15, 2016. The Series A Preferred dividend is payable on October 17, 2016 to Series A Preferred stockholders of record as of September 30, 2016.. In addition, the Board of Directors declared a cash dividend on the Company’..."/>
Apollo Commercial Real Estate Finance, Inc. Announces Preferred Dividends
Apollo Commercial Real Estate Finance, Inc. today announced the Board of Directors declared a dividend of $0.46 per share of common stock, which is payable on October 17, 2016 to common stockholders of record on September 30, 2016.. About Apollo Commercial Real Estate Finance, Inc.. Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial real estate mortgage loans,..."/>
Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Dividend of $0.46 Per Share of Common Stock
Thomson Reuters today announced the appointment of Kristin Peck to the company's Board of Directors effective immediately. "Kristin's strategic and innovative business model experience has focused on global markets and deep customer interactions," said David Thomson, chairman of Thomson Reuters. "Her passion for talent and leadership development bodes well for our future."/>
Thomson Reuters Appoints Kristin Peck to the Board of Directors
Invesco Mortgage Capital Inc. today announced that its Board of Directors declared quarterly dividends on shares of its common stock and Series A and Series B preferred stock. The Company's Board of Directors today declared a cash dividend of $0.40 per share of common stock for the third quarter of 2016. The dividend will be paid on October 26, 2016 to stockholders of record on September 27, 2016, with an ex-dividend date of September 23, 2016.."/>
Invesco Mortgage Capital Inc. Announces Quarterly Common and Preferred Stock Dividends

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