Industry News

Pacific Premier Bancorp, Inc., the holding company of Pacific Premier Bank, announced today that it will issue its third quarter 2016 financial results before the market opens on Wednesday, October 19, 2016.. Pacific Premier will also host a conference call at 9:00 a.m. PT/ 12:00 p.m. ET that day to discuss its financial results."/>
Pacific Premier Bancorp, Inc. to Announce Third Quarter 2016 Financial Results on October 19, 2016
American International Group Inc revealed on Thursday that Peter Y. Solmssen takes over as executive vice president and general counsel on 18 October 2016, succeeding the retiring Thomas Russo. In this position, Solmssen will report to the company's president and chief executive officer Peter D. Hancock and be in charge of the company's Global Legal, Compliance, Regulatory and Government Affairs functions. Also, he will serve as a member of its Executive Leadership Team and..."/>
AIG appoints Peter Y. Solmssen as EVP and general counsel
MetLife Inc revealed on Thursday that Brighthouse Financial Inc, pursuant to the company's plan to separate into two independent publicly traded companies, filed a Registration Statement on Form 10 with the US Securities and Exchange Commission. Also, this filing is an important step in the process and provides information on the strategy and historical financial data of Brighthouse to the SEC and will be updated in subsequent amendments, as the SEC continues its review."/>
Brighthouse Financial files Form 10 registration statement for planned separation from MetLife
BlackRock, Inc. today set a new market standard for long-term investors by reducing prices across its growing U.S. iShares Core ETFs. Institutions, individuals, and financial advisors are increasingly putting low-cost ETFs at the center of their long-term investments. Now, with the Department of Labor fiduciary rule coming into force, financial advisors are sharpening their focus on the quality and cost-efficiency of funds."/>
BlackRock sets new standard for core investing to capture accelerating demand for ETFs - Press Releases - Newsroom | BlackRock
Teva Pharmaceutical Industries Ltd for an enterprise value of approximately £600 million in an all-cash transaction. The transaction is expected to be completed in the next three months, Ahmedabad-based Intas said in a statement on Wednesday. The acquisition will expand Intas's UK manufacturing presence with the addition of the Barnstaple site in..."/>
Intas Pharma to buy Teva's UK, Ireland generics businesses [Mint, New Delhi]
"In Style Hong Kong" Symposium in Bangkok
Teva Pharmaceutical Industries Ltd. The acquired business had revenues of £250 million, which translates to a price to sales valuation of..."/>
Intas: Wish you were listed [Mint, New Delhi]
Bharti Airtel Ltd on Wednesday announced the launch of 4 G data services in Gujarat as it rolls out services in Ahmedabad, thereby providing 4 G in 17 circles across India. "Airtel 4 G in Gujarat has been rolled out using spectrum band of 1800 MHz which ensures higher spectrum efficiency and increased upload and download speeds, which translates into a superior customer experience," the company said in a statement adding that "Airtel has led the 4 G story in India,..."/>
Airtel launches 4G in Gujarat expanding services to 17 circles across India [Mint, New Delhi]
A 'sole'ful gift [Mint, New Delhi]
Citigroup senior executive Madhur Deora as chief financial officer and senior vice president of Paytm. Deora will also be responsible for building and managing Paytm's newly formed financial services business. Mint reported in August that Paytm was is in advanced talks to hire Deora as its CFO."/>
Paytm appoints Madhur Deora chief financial officer [Mint, New Delhi]
ICICI Bank Ltd announced a 5 bps cut in its one-year marginal cost of funding-based lending rate to 9.05% soon after the policy decision. On Wednesday, Indian Overseas Bank and Punjab& Sind Bank also announced a 5 bps cut in their MCLR."/>
Day after RBI policy, some banks reduce lending rates [Mint, New Delhi]
Yes Bank Ltd and its investment bankers over its abortive $1 billion fund-raising effort last month, according to two people with direct knowledge of the development. Initial investigations by the Securities and Exchange Board of India found that Yes Bank had violated key norms of the listing obligations and disclosure rules relating to..."/>
Sebi's initial probe finds Yes Bank violated norms [Mint, New Delhi]
One policy, two verdicts [Mint, New Delhi]
Muthoot Finance, allowing the latter's customers to pay monthly instalments over a digital platform. This partnership will enable Muthoot Finance to streamline its loan collection process and also help the company guard against potential revenue leakage threats. "We are confident that our alliance with Muthoot Finance will..."/>
BRIEF: Muthoot Finance partners with TechProcess for digital payments [Mint, New Delhi]
Hilton Worldwide Holdings Inc.. Located in north Bengaluru, the project is part of its mixed used development--Embassy Manyata Business Park--which has around 12 million sq. ft of office space. The hotel would comprise two properties to be branded Hilton Hotels& Resorts and Hilton Garden Inn."/>
Embassy Group to invest Rs650 crore to develop 560-room hotel in Bengaluru [Mint, New Delhi]

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