Industry News

HCI Group, Inc. and a leading provider of homeowners insurance in Florida, has issued an initial assessment of losses from Hurricane Matthew, which skirted the east coast of Florida last week, before making landfall in South Carolina. The company stated that its preliminary estimates indicate losses related to Hurricane Matthew will fall below $50 million..."/>
Homeowners Choice Issues Statement on Hurricane Matthew
Umpqua Holdings Corporation, PacWest Bancorp, SVB Financial Group, and Cathay General Bancorp."/>
Research Reports Initiation on Banking Stocks -- Umpqua, PacWest Bancorp, SVB Financial, and Cathay General Bancorp
Ottawa Savings Bancorp MHC was converted to the stock holding company form of organisation and the company is the new stock holding company for Ottawa Savings Bank FSB. Also, the company said that concurrently in the stock offering 2,383,950 shares of common stock were sold at USD10.00 per share, for gross proceeds of USD23.8m. These shares owned by public stockholders have been exchanged for shares of..."/>
Ottawa Bancorp closes offering of 2.4m common stock for USD23.8m gross and conversion and reorganisation of shares
First Internet Bancorp, the parent company of First Internet Bank, announced that effective September 30, 2016 its common stock began trading on the NASDAQ Global Select Market. Previously, the Company’ s common stock was listed on the NASDAQ Capital Market. Additionally, the Company’ s recently issued 6.00% Fixed-to-Floating Rate Subordinated Notes due 2026 have been approved for listing on the NASDAQ Global Select Market and will begin trading at the market..."/>
First Internet Bancorp Listing Upgraded to NASDAQ Global Select Market
Loews Corp., AmTrust Financial Services Inc., Maiden Holdings Ltd, and AXIS Capital Holdings Ltd. These companies are involved in underwriting insurance policies that protect consumers and businesses from losses and liabilities due to personal injuries and property damages."/>
Technical Roundup on Insurance Stocks -- Loews, AmTrust Financial Services, Maiden, and AXIS Capital
Ladenburg Thalmann Financial Services Inc., is the 2016 recipient of the Industry Award for Practice Management in the division of broker-dealers with more than 1,000 representatives. The award is in recognition of Securities America’ s Next Level Coaching with Revenue Diagnostic program. Since being introduced in 2008, this nine-month coaching program has continued to grow and..."/>
Securities America Receives Industry Award for Next Level Coaching Program
OTC Markets Group Inc., operator of financial markets for 10,000 U.S. and global securities, today announced Poydras Gaming Finance Corp., a regional slot route operator in Oklahoma and Texas, has qualified to trade on the OTCQX ® Best Market. Poydras upgraded to OTCQX from the Pink ® market. Poydras begins trading today on OTCQX under the symbol "PYDGF.""/>
OTC Markets Group Welcomes Poydras Gaming Finance to OTCQX
Century Bancorp Inc on Wednesday reported for the quarter ended 30 September 2016, a record net income of USD6, 486,000 or USD1.16 per class A diluted share, up 5.2% compared to net income of USD6, 166,000 or USD1.11 per class A diluted share, for the same period a year ago. Total interest income for the third quarter totalled USD25.0m, increased from the total interest income of USD23.8m in the same period of 2015.. Additionally, the board of directors approved a regular quarterly..."/>
Century Bancorp reports record 5.2% higher net income and dividends for Q3 2016
Lazard Ltd will announce its third-quarter and nine-month 2016 results in a press release to be issued Thursday morning, October 27, 2016.. The press release will be available on Lazard’ s website at: Lazard will host a conference call at 8:00 a.m. EDT on October 27, 2016, to discuss the company’ s financial results for the third quarter and first nine months of 2016."/>
Lazard to Announce Third-Quarter and Nine-Month 2016 Results
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, today announced that it has scheduled its third quarter 2016 financial results conference call for Thursday, November 3, 2016, at 2:00 p.m. PT. Hercules will release its financial results after market close that same day. To listen to the call, please dial 304-8957 and reference Conference ID:..."/>
Hercules Announces Date for Release of Third Quarter 2016 Financial Results and Conference Call
Nasdaq MarketSite in Times Square in celebration of its initial public offering. This highly anticipated offering marks the first major energy IPO in nearly two years. In honor of the occasion, Mark Erickson, Chairman and CEO, will ring the Opening Bell."/>
Extraction Oil & Gas, Inc. (Nasdaq: XOG) to Ring The Nasdaq Stock Market Opening Bell in Celebration of its IPO
TU nets 25% Red Lobster stake [Bangkok Post, Thailand]
Ares Dynamic Credit Allocation Fund, Inc. announced the declaration of monthly distributions for the next three months of $0.1025 per common share, payable as noted below. Based on the Fund's current share price of $14.75, the distribution represents an annualized distribution rate of 8.34%. Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot..."/>
Ares Dynamic Credit Allocation Fund Declares Monthly Distributions of $0.1025 per Share
Allstate Foundation Purple Purse ® Challenge to help women recover from domestic violence and financial abuse. From Sept. 28 to Oct. 25, the public can visit to donate and help women reclaim their independence– and become# FreeToWalk from abusive relationships. With nearly three dozen additional nonprofits..."/>
Allstate Foundation Purple Purse® Challenge rallies nation to help domestic violence survivors escape abuse
Indusind Bank results on Wednesday, the banking sector is likely to see a sequential improvement in profits, albeit at a lower rate, as higher treasury gains, bad loan recoveries and lower cost of funds are expected to support earnings. "We expect Q2FY17 to be a crucial quarter for banking and financial services as performance appears to have stabilized post three consecutive quarters of muted earnings," said a 5..."/>
Banking Q2 earnings: Three things to watch out for [Mint, New Delhi]
S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets. Refinery throughput in August averaged 10.47 million b/d, data from China's National Bureau of Statistics showed September 13."/>
Platts China Oil Analytics: China Apparent Oil Demand Continued to Drop Year over Year in August
Sanofi: Availability of the Pre-quarterly Results Communication
Comcast $2.3 M for mischarging users. Government regulators are fining Comcast $2.3 million, saying the cable giant has charged customers for stuff they never ordered, like premium channels or extra cable boxes. The Federal Communications Commission said the Philadelphia company must clearly ask customers before charging them for new services or equipment and make it easier for customers to fight charges they think are wrong."/>
Boston Herald The Ticker column [Boston Herald]
MasterCard to setting up a platform to facilitate instant money transfer. The Reserve Bank of India-backed organization is preparing to launch the second version of the Unified Payments Interface called UPI 2.0 by early next year and is betting that the upgraded..."/>
We plan to launch UPI 2.0 by March 2017: NPCI's A.P. Hota [Mint, New Delhi]
MphasiS Ltd chairman Jaithirth Rao and former Citibank consumer banking head P.S."/>
HFFC may raise Rs300 crore from Morgan Stanley PE [Mint, New Delhi]

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