Industry News

China Banking Corp., Philippine National Bank,..."/>
Fitch upgrades 4 PH banks ratings [The Manila Times, Philippines]
Do you understand your loans well? [Mint, New Delhi]
ICICI Bank Ltd, on Monday announced plans to seek a stock exchange listing through an initial public offering of shares estimated to raise around Rs.5, 000 crore. The IPO of 181.34 million shares will be an offer for sale--a secondary market route that involves the auction of shares above a pre-determined floor price to public investors during normal equity market..."/>
ICICI Prudential Life files DRHP for India's first insurance IPO [Mint, New Delhi]
Bank of India governor Raghuram Rajan on Monday said that the Indian central bank is more open to experimentation at the early stages of a product or method of service but at the same time will have to be more conscious of the risks to stability. RBI's stand on experimentation will be clear in the soon-to-be-released peer-to-peer lending regulations, Rajan said, delivering the keynote lecture at an award function organized by Institute for..."/>
RBI more open to experimentation at early stages of a product or method of service: Raghuram Rajan [Mint, New Delhi]
U.S. Bancorp, realized a healthy boom in residential home loans during the recent quarterly financial period. The lending institution finished the second quarter with $20.191 in mortgage originations."/>
US Bank Raises Mortgage Originations [Mortgage Daily]
Bank of America Corp.-- realized much healthier quarterly mortgage production volume. The servicing portfolio continued to diminish. From the first day of April to the end of June, BofA funded $20.617 billion in new home loans."/>
Home Lending Volume Up at BofA [Mortgage Daily]
Big Non-Agency RMBS Transaction [Mortgage Daily]
Wells Fargo Prominent Among Mortgage Layoffs [Mortgage Daily]
PNC Financial Services Group Inc., though there was a year-over drop. In the three months that ended on June 30, PNC's residential loan origination volume was $2.6 billion. That was among many operational details disclosed by the Pittsburgh-based financial institution in its second-quarter 2016 earnings report."/>
PNC Mortgage Originations Mixed [Mortgage Daily]
Redwood Trust Inc. have been boosted by one million dollars. An update has been made by the Mill Valley, California-based company and the Mortgage Partnership Finance Program. A joint announcement issued Monday indicated that the loan limit on mortgage loans for the MPF Direct product was raised."/>
Higher Jumbo Limit at Redwood [Mortgage Daily]
M and A Navigator: Deal pipeline –19 July
Moody's Investor Service. Moody's graded the UM System's credit as Aa1, the second highest long-term credit rating an institutions can receive. In its credit rating report, Moody's listed the university's $3.4 billion in cash and investments, it's profitable health care operations and reduced long-term liabilities brought on by changes to retiree health benefits, as strengths."/>
University of Missouri credit outlook looking 'stable' [St. Louis Post-Dispatch]
Mitsubishi UFJ Financial Group, Inc. hereby announces that it has filed its Annual Report on Form 20- F for the fiscal year ended March 31, 2016 with the U.S. Securities and Exchange Commission on July 15, 2016. The Annual Report includes MUFG’ s audited consolidated financial statements prepared under U.S."/>
Mitsubishi UFJ Financial Group, Inc. Announces Filing of Annual Report on Form 20-F for the Year Ended March 31, 2016
Nasdaq have officially announced that JPX has gone live with their new next-generation derivatives trading system for the JPX subsidiary, Osaka Exchange. This is a milestone in the relationship between Nasdaq and JPX, who have been working together since 2011.. “We are proud to be supporting JPX as they successfully launch their new trading system on the Osaka Exchange,” said Lars Ottersgård, Executive Vice President,..."/>
Japan Exchange Group (JPX) Launches Next Generation Technology Suite Powered by Nasdaq
Arab Bank, or UAB, on Monday announced that the bank generated a net profit of Dh71 million for the first half of 2016 compared to a net loss of Dh511 million in the same period in 2015.. Shaikh Faisal bin Sultan bin Salem Al Qassimi, chairman of the Board of Directors, said: "The board is pleased to see the improved operating performance continue into the second quarter, demonstrating the strength of our' core' business. Although 2015 was a challenging year for UAB,..."/>
UAB posts profit of Dh71m in H1 [Khaleej Times, Dubai, United Arab Emirates]
Apple Pay, Android Pay and Samsung Pay."/>
Walmart Pay is here, but you might experience hiccups [Pioneer Press, St. Paul, Minn.]
Cornerstone Community Bancorp,, announced today its financial results for the second quarter ended June 30, 2016.. The Company reported net income of $361,000 for the three months ended June 30, 2016 compared to net income of $188,000 for the same period last year. Diluted earnings per share increased 93% to $0.27 for the three months ended June 30, 2016 compared to $0.14 for the same period last year."/>
Cornerstone Community Bancorp Reports Financial Results for the Second Quarter Ended June 30, 2016
Pennsylvania Real Estate Investment Trust said Monday that the decision to put the mall on the market came after Shell announced last month it was moving forward with the multibillion-dollar ethane cracker planned a half-mile away. "The development presents an opportunity to maximize..."/>
BRIEF: Beaver Valley Mall up for sale [The Pittsburgh Tribune-Review]

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