Industry News

Moody's statements about India's rating a day before a scheduled meeting with government officials. Moody's had indicated on Tuesday it is unlikely to upgrade India's sovereign credit rating anytime soon. It said the credit implications of reform measures such as the goods and services tax and a bankruptcy law will only become apparent in the medium term while weak private investments, slower fiscal..."/>
Moody's India rating outlook raises finance ministry's hackles [Mint, New Delhi]
CU Bancorp, today announced that Arthur Bergmann has joined the Company as a Senior Vice President for the Orange County Commercial Lending Office in Irvine, Calif. “Arthur is a seasoned lender with more than 15 years of relationship-based banking experience in commercial lending, credit underwriting and management,” said K. Brian Horton, President of California United Bank and CU Bancorp.“ He is a proven producer and leader with..."/>
California United Bank Hires Arthur Bergmann as Senior Vice President
Walmart to process payments through ChaseNet
Macquarie Group, today announced the appointment of William Dobson as Managing Director and Head of Corporate Credit Trading in Macquarie Capital’ s Credit Sales and Trading group. Dobson will be responsible for trading leveraged loans and high yield bonds."/>
Macquarie Capital Strengthens U.S. Credit Trading Team
Bank of South Carolina Corporation, the parent Company for The Bank of South Carolina, declared a quarterly cash dividend of$. 14 per share to shareholders of record October 3, 2016, payable October 31, 2016. Fleetwood S. Hassell, President and Chief Executive Officer, stated, "With continued recognition and celebration of the 30 th anniversary of our organization and the strong capital position and earnings..."/>
Bank of South Carolina Corporation Declares Dividend
Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds, announced today the launch of PowerShares Variable Rate Investment Grade Portfolio. The ETF will be actively managed by IFI, which collectively has more than 34 years of experience in fixed income investing. With global interest rates at historical lows due to fiscal stimulus, VRIG offers investors a fixed income alternative that may..."/>
PowerShares Launches Variable Rate Investment Grade Portfolio (VRIG)
Black Knight Financial Services, Inc. reports the following "first look" at August 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate: 4.24% Month-over-month change: -6.04% Year-over-year change: -11.41%. Total U.S. foreclosure pre-sale inventory rate: 1.04%..."/>
Black Knight's First Look at August Mortgage Data: Prepayments Skyrocket, Fueled by Post-'Brexit' Activity, Hit Highest Single-Month Rate in Over Three Years
Sun Life Financial's 4 th annual Summit will be made up of three educational sessions focused on bringing in-depth insight and expertise to issues surrounding employee benefits. Experts will convene in Sun Life's Center for Healthy Work in Greater Portland, in front of a small live audience. The event will be live streamed digitally."/>
Sun Life 4th annual Summit will provide expert insight on health care and employee benefits
Atlas Financial Holdings, Inc., and operate under an intercompany reinsurance pooling agreement."/>
A.M. Best Affirms Credit Ratings of Atlas Financial Holdings, Inc. and Its Subsidiaries
Cenkos Securities yesterday after a dire update showed profit had slumped 91 pc. In the six months to June 30 it made pounds sterling 1.7 m, down from pounds sterling 18.6 m in the same period a year ago. Revenue plunged from pounds sterling 53.1 m to pounds sterling 15.3 m in that time."/>
Daily Mail, London, market report column [Daily Mail, London]
Daily Mail, London, Alex Brummer column [Daily Mail, London]
Sun Bancorp, Inc. will announce its third quarter earnings prior to market open on Monday, October 31, 2016. The Company will hold a conference call that day at 11:00 a.m. to discuss results and answer questions from analysts and investors. Participants may listen to or participate in the Company's earnings conference call via the following:."/>
Sun Bancorp, Inc. to Host Third Quarter Earnings Conference Call Monday, October 31, 2016 at 11:00 a.m. (EDT)
Fifth Third Bancorp has elected Jerry W. Burris and Eileen A. Mallesch as directors, the company revealed on Thursday. Burris' has been an independent director of Pentair plc since 2007; also serves as an adviser to GenNx360 Capital Partners, a private equity firm. Mallesch has more than 25 years of broad finance and strategy experience in different industries and currently serves on the boards of directors of State Auto Financial Corporation and Bob Evans..."/>
Fifth Third's board elects Jerry Burris and Eileen Mallesch as directors
CIT Group Inc.,, a leading provider of commercial..."/>
CIT Provides $35 Million Financing for Mesa Airlines
Compass Diversified Holdings, an owner of leading middle market businesses, announced that on September 21, 2016 it entered into a definitive agreement and consummated the sale of its majority owned subsidiary, Anodyne Medical Device, Inc., also doing business and known as Tridien Medical, to Hill-Rom, Inc.. CODI does not expect to record a significant gain or loss as a result of the sale. The proceeds will be used to pay down outstanding debt..."/>
Compass Diversified Holdings Announces Sale of Tridien Medical
MetLife, Inc. and Norges Bank Real Estate Management today announced that they have purchased the Constitution Square Three and Four office buildings in Washington, D.C. This is the second property investment in Washington, D.C., and the fifth overall for the joint venture, which was established in 2013.."/>
MetLife and Norges Bank Real Estate Management Joint Venture Purchases Constitution Square Three and Four in Washington, D.C.
Midland States Bancorp CEO Leon Holschbach to serve a two-year term on the organization’ s Bankers Advisory Board.. Holschbach was recommended for appointment by his home state bank commissioner Secretary Bryan A. Schneider of the Illinois Department of Financial&..."/>
Leon Holschbach Appointed to Advisory Board of Financial Regulatory Group

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