Industry News

Aon plc, today released its biennial Health Care Workers' Compensation Barometer report, which explores trends in frequency, severity and overall loss rates related to workers' compensation in the health care industry. The report finds that for the 2017 accident year, health care systems will face a complex environment of emerging risks that will have a direct impact on workers' compensation."/>
Year ahead for health care systems will bring emerging risks, complex workers' compensation claims; An aging workforce and workplace violence are top-of-mind for health care systems
Presidio Bank disclosed on Tuesday that Michael Sinclair has been appointed as senior vice president/ relationship manager in the San Mateo Regional Office. With over 25 years' experience, Sinclair was in credit, finance, sales, real estate, mortgage underwriting and asset management in the banking and finance industry. Most recently he worked as SVP for Liberty Bank."/>
Presidio Bank names Michael Sinclair to San Mateo team
CIT Group Inc revealed on Tuesday that Stuart Alderoty takes over as executive vice president, general counsel and corporate secretary, succeeding Robert Ingato who will continue as a strategic adviser until year-end.. Most recently, Alderoty was with HSBC North America Holdings Inc as general counsel since November 2010. He will begin once he completes his garden leave from HSBC and will serve on CIT's executive management committee and report directly to chief executive..."/>
CIT names Stuart Alderoty as EVP and corporate secretary
Moody's on Wednesday said that it has placed a B1 rating for State Bank of India's maiden additional tier-1 perpetual dollar bond issue. The bank aims to raise $500 million to $1 billion through this issue at an indicative coupon rate of 5.5%. The securities are issued under SBI's $10 billion medium-term note program, via the bank's Dubai international financial centre branch."/>
BRIEF: Moody's assigns B1(hyb) rating to SBI's perpetual AT-1 bond issue [Mint, New Delhi]
Prosafe SE: Company presentation
Nasdaq Commodities is dedicated to provide customers with multiple access possibilities to our markets via state-of-the-art software tools delivered by leading Independent Software Vendors. We are pleased to announce that OptionsCity’ s Software City Platform, including CityTrader and City Execution products, now offers direct access to Nasdaq Commodities Nordic and German power markets. With this new integration, CityTrader, OptionsCity’ s cloud-based..."/>
Nasdaq Commodities launches OptionsCity’s City Platform for European Power Products
Kingfisher Airlines Ltd had sent a demand notice to take possession of this..."/>
Vijay Mallya's Kingfisher Villa in Goa up for grabs on 19 October [Mint, New Delhi]
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.]
Max Financial Services Ltd announced its swap ratio with HDFC Life Insurance Ltd last month, the former's shares now reflect the value of the combined entity. As such, investors can already get a clean, direct exposure to one of the country's largest insurance plays through Max. Even so, there has been a fair bit of excitement around the insurance sector, and even though ICICI Prudential Life Insurance Co. Ltd may have lost the first-mover advantage to HDFC, its initial..."/>
ICICI Prudential's IPO: A good bet on insurance [Mint, New Delhi]
Reliance Capital Ltd will list its housing finance unit to unlock value for its shareholders. "The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business," Reliance Capital said in a statement on Tuesday, without giving details. Reliance Capital's shareholders would get one share of Reliance Home Finance for every share held of the parent company, the statement..."/>
Reliance Capital to list its housing finance arm [Mint, New Delhi]
Morgan Stanley report released earlier this month."/>
Average open interest in markets at highest level since 2010 [Mint, New Delhi]
Blackstone Group Lp, plans to build an information technology park on the land."/>
Embassy, Century Real Estate close to inking joint development deal in Bengaluru [Mint, New Delhi]
Kingfisher Airlines Ltd had sent a demand notice to take possession of..."/>
Vijay Mallya's Kingfisher Villa in Goa to be auctioned on 19 October [Mint, New Delhi]
Moody's Investors Service said. Jio's aggressive tariff plans will have a profound impact on cash reserves of Reliance Industries Ltd, especially as the business will bring revenues only from January, the rating agency said in a report. "We no longer expect the telecom business to generate any EBITDAR in the fiscal year ending March 2017,..."/>
Reliance Jio will turn Ebitdar-positive only by 2019: Moody's [Mint, New Delhi]
Safeguard Scientifics and a group of angel investors. MedCrypt said it will use the money to make its software toolkit ready for commercial use-- giving hospitals a new layer of security against cyberattacks. The core technology includes multi-factor authentication, data encryption and..."/>
Cyber start-up MedCrypt raises $750,000 [The San Diego Union-Tribune]
Moody's Investors Service warned Monday. The major credit-rating agency said it placed New Mexico's general obligation bonds "under review for possible downgrade" from its Aaa status, the highest classification. "The review for downgrade is triggered by the state's recently released August revenue estimates which..."/>
Moody's puts state bonds under review for possible downgrade [The Santa Fe New Mexican]
M and A Navigator: Deal pipeline –14 September
Reliance Bancshares said Tuesday that it has paid $20 million of dividends it owed under the government's Troubled Asset Relief Program, or TARP. Reliance, based in Frontenac, still owes $42 million to investors who bought the government's TARP debt in 2013. Chairman Thomas Brouster said the bank plans to begin paying down the debt in the first quarter of 2017 and retire it within three years."/>
BRIEF: Reliance pays part of TARP debt [St. Louis Post-Dispatch]
TD Securities to Acquire New York Broker-Dealer Albert Fried

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