Industry News

PennyMac Financial Services Inc declared on Thursday that it opened a new call centre in the Seattle suburb of Issaquah, Washington, which will serve home buyers and expand its consumer direct operating capacity. Also, the company said that the facility will employ over 50 mortgage professionals and growth in its mortgage operations, adding that since its founding in California, it has expanded to more than a dozen locations in the US. A speciality financial services firm,..."/>
PennyMac opens new call centre in Washington's Seattle suburb
Thomson Reuters disclosed on Wednesday the addition of Kristin Peck to its board of directors' human resources committee with immediate effect. Currently, Peck serves as executive vice president and president of US Operations at Zoetis, an animal health medicines company, as well as a member of the Advisory Board for the Deming Center for Quality, Productivity and Competitiveness at Columbia Business School. Most recently, Peck was employed as executive vice..."/>
Thomson Reuters elects Kristin Peck to board
Capstead Mortgage Corporation announced today that it will pay a third quarter 2016 common dividend of $0.23 per common share on October 20, 2016 to stockholders of record as of September 30, 2016.. Capstead’ s Board of Directors also declared a third quarter 2016 dividend of $0.46875 per share on the Company’ s 7.50% Series E Cumulative Redeemable Preferred Stock. This dividend is payable on October 17, 2016, to Series E preferred stockholders of record as of September..."/>
Capstead Mortgage Corporation Declares a $0.23 Per Share Third Quarter 2016 Common Dividend and a $0.46875 Per Share Third Quarter 2016 Series E Preferred Stock Dividend
Ares Capital Corporation has priced an underwritten public offering of USD600.0m total principal amount of 3.625% notes due 2022, it said on Thursday. The notes that will mature on 19 January 2022, may be redeemed wholly or partly at the company's option at any time at par plus a "make-whole" premium, if applicable. Acting as joint book-running managers are BofA Merrill Lynch, Wells Fargo Securities, JP Morgan, SunTrust Robinson Humphrey, Barclays, Citigroup, Morgan Stanley, BMO..."/>
Ares Capital prices offering of USD600m notes due 2022
Tiptree Financial Inc reported on Thursday that it bough back 1,000,000 shares of its class A common stock for USD6.2m total consideration, from Nomura Securities Co Ltd.. The company also said that this transaction will be profitable to both its GAAP book value and earnings per share and these share will be held as treasury shares and not be outstanding for accounting or voting purposes. After the transaction, there are 34,947,239 outstanding shares of its class A common stock."/>
Tiptree buys back 1m class A common shares for USD6.2m
Moody's Investors Service. The report looked at direct revenue effects including production taxes and revenues, indirect revenue effects such as industry spending cutbacks and layoffs, and the ability of the state to adapt to the ongoing challenges. "Oklahoma's gross production taxes for..."/>
Oil downturn continues to slow Oklahoma's economy [The Oklahoman, Oklahoma City]
BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets, today announced an offer to exchange up to $285 million aggregate principal amount of its outstanding 5.125% Senior Notes due 2021 for an equivalent amount of its 5.125% Senior Notes due 2021 registered under the Securities Act of 1933, as amended. $300 million in aggregate principal amount of the Old Notes were issued and sold by the Company..."/>
BGC Partners Announces Launch Of Exchange Offer For Its 5.125% Senior Notes Due 2021
Hercules Capital, Inc., the leading specialty finance company to innovative, venture growth, pre-IPO and M&A stage companies backed by leading venture capital firms, is pleased to announce the latest liquidity events for eight of its portfolio companies: TPI Composites,..."/>
Hercules’ Leading Originations Platform Continues to Finance Some of the Most Promising Innovative and Disruptive Venture-Backed Companies in the Market
Simmons First National Corp. has closed the acquisition of Tennessee-based Citizens National Bancorp, Inc. and Citizens National Bank, the company said. According to the terms of the agreement, Simmons acquired all of the outstanding common stock of CNB in a transaction valued at approximately USD 77 m. The purchase price consists of 835,741 shares of Simmons' common stock and USD 40.3 m in cash."/>
Simmons Closes USD 77m Acquisition of Citizens National Bank
California Republic Bancorp having received regulatory approval from the FDIC and the California Department of Business Oversight, the company said. No further regulatory approvals are required for Mechanics and CRB to consummate the merger and the other transactions contemplated by the 28 April 2016 merger agreement by and among Mechanics, CRB and Coast acquisition Corp., a..."/>
Mechanics Bank’s Acquisition of California Republic Bancorp to Close on 1 October
American Capital Agency Corp reported on Wednesday that its board of directors approved a common stock cash dividend of USD0.18 per share for September 2016.. With an ex-dividend date of 28 September 2016, the dividend will be paid on 7 October 2016 to stockholders of record as of 30 September 2016.. Additionally, the company declared on 14 September 2016 that its estimated common stock net book value is USD22.71 per share and estimated net tangible book value is USD21.01 per..."/>
American Capital Agency announces dividend of USD0.18 per share for September 2016
Invesco Mortgage Capital Inc approved common stock and series A and B preferred stock dividends for the third quarter of 2016, the company revealed on Wednesday. A common stock cash dividend of USD0.40 per share for the quarter, will be paid on 26 October 2016 to stockholders of record on 27 September 2016 and the ex-dividend date is 23 September 2016.. Also, the board authorised quarterly cash dividends of USD0.4844 and USD0.4844 per share on the..."/>
Invesco Mortgage declares common and preferred stock dividends for quarter
KCG Holdings, Inc. today announced that it has completed the acquisition of Neonet Securities AB, an independent agency broker and execution specialist based in Stockholm, Sweden. The Neonet business, which will operate as a subsidiary of KCG and be renamed KCG Neonet, will continue to be based in Stockholm and led by CEO Tim Wildenberg. KCG Neonet is well-positioned to provide clients with a robust set of global execution services and..."/>
KCG Completes Acquisition of Neonet
Bank of India data shows that credit growth of scheduled commercial banks has remained below 10% since January 2016.."/>
Credit growth to remain below 10% till next year, says Kotak report [Mint, New Delhi]
BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets, announced today that BGC, together with its affiliate Cantor Fitzgerald, raised approximately $12 million for charities around the world, at the companies' 12 th annual Charity Day on Monday, September 12, 2016. Each year, BGC and Cantor Fitzgerald donate 100% of the global revenues generated on Charity Day to the Cantor Fitzgerald..."/>
Robert De Niro, Donald Trump, Eli & Peyton Manning And More Attend Another Successful BGC Partners And Cantor Fitzgerald Charity Day Marking The 15th Anniversary Of 9/11
BGC Partners, Inc., raised approximately $12 million for dozens of charities around the world, at the companies' annual Charity Day on September 12, 2016. Each year, Cantor Fitzgerald and BGC Partners donate 100% of the global revenues generated on Charity Day to the Cantor Fitzgerald Relief Fund, and to date has raised..."/>
Eli & Peyton Manning, Louis C.K., Uzo Aduba And More Attend Another Successful Cantor Fitzgerald & BGC Partners Charity Day Marking The 15th Anniversary Of 9/11
Punjab National Bank, plans to launch its Rs2, 500 crore initial public offering in October, said two people aware of the development. Once launched, it will be 2016' s second largest IPO after ICICI Prudential Life Insurance Ltd's Rs6, 000 crore initial share sale. "The firm has been conducting investor road shows for the last few weeks and expects to wrap them up in a week's time."/>
PNB Housing Finance to launch IPO in October [Mint, New Delhi]

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