Industry News

Saregama India Ltd, the RP-Sanjiv Goenka Group's music company, is being turned into a production house to create content for online consumption. Apart from creating original content, Saregama has ambitious plans of dredging out its large collection of Indian film music, "evergreen tracks to be repackaged" for today's online audience, chairman Sanjiv Goenka said. The company, which enjoyed a near monopoly in Indian film music for generations, has so far digitized..."/>
Saregama to shift focus to content for online viewers [Mint, New Delhi]
Morgan Stanley raised concerns over the valuation of Indian bank shares. The investment bank pruned its weight as it didn't feel justified to have one-third of its portfolio in bank shares, given that most of them have risen by 30% in the last six months. Indeed, most bank shares have risen sharply despite unflattering results in the first quarter of 2016-17. Some of them have galloped more than 15% since June despite disastrous results."/>
Are Indian banks overvalued? [Mint, New Delhi]
Sebi allows options trading in commodities [Mint, New Delhi]
Hercules Capital, along with existing investors including Japan-based NTT Finance, Nexus Venture Partners and Tenaya Capital also participated in the round. The money will be used to improve..."/>
Enterprise start-up Druva raises $51 million from Sequoia, others [Mint, New Delhi]
Assured Guaranty Ltd has agreed to acquire the European operating subsidiary of MBIA Insurance Corp MBIA UK Insurance Ltd, the company said. The parties expect the transaction to close in early January 2017, subject to receipt of regulatory approvals and the satisfaction of other customary closing conditions. There can be no assurance that regulatory approvals will be obtained."/>
Assured Guaranty to Acquire MBIA UK Insurance
M and A Navigator: Deal pipeline 29 September
Phoenix Group Holdings plans to acquire UK-based life and pension management specialist Abbey Life Assurance Co. Ltd. from Deutsche Bank AG's Deutsche Holdings No. 4 Ltd. subsidiary for total consideration of GBP 935 m in cash, the company said. This acquisition to add GBP 10 bn of assets under management and approximately 735,000 policyholders to Phoenix Group. Phoenix Group expects the deal to generate approximately GBP 0.5 bn of..."/>
Phoenix Group to Acquire Abbey Life for GBP 935m
Triumph Bancorp, Inc. today announced the pricing of its public offering of $50 million aggregate principal amount of its Fixed-to-Floating Rate Subordinated Notes due 2026. The Notes will initially bear interest at 6.50% per annum, payable semi-annually in arrears, to, but excluding, September 30, 2021, and, thereafter and to, but excluding, the maturity date or earlier redemption, interest shall be payable quarterly in arrears, at an annual floating rate..."/>
Triumph Bancorp Announces Pricing of $50 million of Fixed-to-Floating Rate Subordinated Notes
Duke Energy is donating $100,000 to Unite Charlotte, a recently established fund that will support programs and groups focused on "community healing, rebuilding trust and creating opportunities" after a week of unrest in Charlotte. The fund, initially supported by a $250,000 gift from Wells Fargo, will also support the work being done by the Charlotte-Mecklenburg Opportunity Task Force, Duke Energy said in a statement Wednesday."/>
Duke Energy gives $100,000 to new fund in response to Charlotte unrest [The Charlotte Observer]
Glacier Bancorp, Inc.' s Board of Directors, at a meeting held on September 28, 2016, declared a dividend of $0.20 per share. The Company has declared 126 consecutive quarterly dividends and has increased the dividend 40 times. The dividend is payable on October 20, 2016, to owners of record on October 11, 2016.."/>
Glacier Bancorp, Inc. Declares Quarterly Dividend
Full Circle Capital Corporation today announced its financial results for the fiscal fourth quarter and full year ended June 30, 2016.. Financial Highlights for the Fiscal Fourth Quarter Ended June 30, 2016:."/>
Full Circle Capital Corporation Announces Fourth Quarter and Full Year Fiscal 2016 Results
S&P Global announced that its Board of Directors has elected Monique F. Leroux to its Board, effective October 27, 2016.. Leroux served from 2008 until April 2016, as Chair, President and Chief Executive Officer of Desjardins Group, the largest cooperative financial group in Canada. There she led Desjardins' recovery from the financial crisis, restored the company's balance sheet, strengthened risk management, and set the organization on a path..."/>
S&P Global Names Monique F. Leroux to Board of Directors
Brookline Bancorp, Inc. announced today that it will report third quarter 2016 earnings at the close of business on Wednesday, October 19, 2016. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, October 20, 2016. Interested parties may listen to this call by dialing 877-504-4120 or 412-902-6650 and ask for the Brookline Bancorp conference call."/>
Brookline Bancorp, Inc. Announces Third Quarter 2016 Earnings Release Date and Conference Call
Comerica Bank's California Economic Activity Index grew by 0.8 percentage points in July to a level of 121.7. July's reading is 38 points, or 45 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all of 2015, six and two-fifths points above the average for all of 2014."/>
Comerica Bank's California Index Ticking Up

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