Industry News

Synovus Financial Corp., was left with hundreds of delinquent commercial and real estate loans that ultimately cost the Columbus, Ga., banking company more than $3 billion in losses over the next three years. By 2009, Synovus was named as one of the biggest of more than 150 U.S. lenders that had more than 5 percent of its holdings in nonperforming loans."/>
Banking giant Synovus rebounds with stronger brand and growth [Chattanooga Times Free Press, Tenn.]
AGF Management Limited reported total fee-earning assets under management of $34.1 billion as at July 31, 2016.. AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of mutual funds, mutual fund wrap programs and pooled funds."/>
AGF Reports July 2016 Assets Under Management
TriState Capital Bank to deliver lending services to advisors for their high-net-worth clients, the company said. TriState's services will be marketed through NA's National Advisors Concierge Services entity. TriState services available through NACS include securities backed lines of credit and non-purpose credit lines with both LIBOR-based variable rate and fixed rate options."/>
National Advisors delivers lending solutions with TriState Capital Bank
Cascade Bancorp holding company for Bank of the Cascades, has completed the acquisition of Prime Pacific Financial Services, Inc., holding company for Prime Pacific Bank, N.A., headquartered in Lynnwood, Washington, the company said. Prime Pacific had, on a consolidated basis, approximately USD122.9 million in assets, USD100.7 million in net loans and USD101.3 million in total deposits at June 30, 2016.. The acquisition of Prime Pacific provided Bank of the Cascades with the..."/>
Cascade Bancorp acquires Prime Pacific Financial
Republic First Bancorp, Inc. has named Julia Brines assistant vice president and store manager for its new Moorestown location, the company said. In this role, Brines will rely on her previous banking experience to plan for the store's future and lead its employees in delivering Republic Bank's renowned customer service. Prior to joining Republic Bank, Brines served as an assistant vice president and business development officer at Liberty Bell Bank, where she developed new..."/>
Republic Bank names assistant VP/store manager
Northern Trust on innovative dual middle and back office capabilities to create a new standard for operational performance and resiliency. Bridgewater Associates has launched the latest phase of a comprehensive dual-party middle and back office outsourcing model, the company said. The system introduces the concept independently executiving key processes by two service providers, BNY Mellon and Northern Trust."/>
Bridgewater launches dual-party outsourcing model
Legg Mason, Inc. has priced its underwritten public offering of USD500 million of junior subordinated notes due 2056 at a price equal to 100 percent of par, the company said. The offering is expected to close on August 8, 2016, subject to the satisfaction of customary closing conditions. Legg Mason said it plans to use the net proceeds from the junior subordinated notes offering, together with cash on hand, to repay the outstanding borrowings under its revolving credit facility..."/>
Legg Mason prices junior subordinated notes offering
Sun Life Financial Inc. Sun Life Hong Kong Limited has reported its intention to acquire the pension business of FWD Life Insurance Company Limited, consisting of Mandatory Provident Fund and Occupational Retirement Schemes Ordinance businesses, the company said. Sun Life HK and FWD will also enter into an exclusive 15- year distribution agreement that will allow Sun Life HK to distribute its pension products through FWD's agency force in Hong Kong. The transactions,..."/>
Sun Life Financial to acquire pension business of FWD Hong Kong
NorthStar Asset Management Group Inc. has declared a cash dividend of USD0.10 per share of common stock for the quarter ended June 30, 2016, the company said. The dividend is expected to be paid on August 19, 2016 to shareholders of record as of the close of business on August 15, 2016.. NorthStar Asset Management Group Inc. is a global asset management firm focused on strategically managing real estate and other investment platforms in the United States..."/>
NorthStar Asset Management declares Q2 2016 common stock dividend
Main Street Capital Corporation has declared regular monthly cash dividends of USD0.185 per share for each of October, November and December 2016, the company said. These monthly dividends total USD0.555 per share for the fourth quarter of 2016 and represent a 3.0 percent increase from both the regular monthly dividends paid for the fourth quarter of 2015 and the regular monthly dividends declared for the third quarter of 2016.. Fourth quarter 2016..."/>
Main Street declares regular monthly dividend increase
Genworth Financial, Inc. has reported net income of CAD172 million in the second quarter of 2016, compared with a net loss of CAD193 million in the second quarter of 2015, the company said. Net operating income for the second quarter of 2016 was CAD 123 million, compared with net operating income of CAD119 million, in the second quarter of 2015.. During the second quarter of 2016, the company completed the sale of its European MI business to AmTrust Financial Services, Inc., which..."/>
Genworth Financial reports Q2 2016 of CAD85m
Aon plc. The report reveals that much of China endured substantial seasonal "Mei-Yu" rainfall that led to a dramatic..."/>
Worst flooding since 1998 leaves $33bn economic toll in China, according to Aon catastrophe report
Navient, the nation’ s leading loan management, servicing and asset recovery company, received the company’ s quarterly Navigator Leadership Award.. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/196cfae5-920a-46fc-820e-4cb031a42fc0. The award is presented to one company leader each..."/>
Indiana employee takes home Navient Navigator Leadership Award
Dream Global REIT is an unincorporated, open-ended real estate investment trust that provides investors with the opportunity to invest in commercial real estate exclusively outside of Canada."/>
Dream Global REIT Opens the Market
Empire State Realty Trust today announced a new elevator experience for visitors to the Empire State Building. One-of-a-kind mini-shows with sound, created by design studio Imaginary Forces, will play on the ceiling of the elevator cars both on the ascent to and descent from the world-famous 86 th Floor Observatory. The shows are to be unveiled at 6 p.m. EDT on August 4, 2016, in three elevators, with the balance of the elevators being upgraded over time."/>
Empire State Building Soars To New Heights With Exciting New Elevator Experience Exclusively For Observatory Visitors
Empire State Realty Trust today announced a new elevator experience for visitors to the Empire State Building. One-of-a-kind mini-shows with sound, created by design studio Imaginary Forces, will play on the ceiling of the elevator cars both on the ascent to and descent from the world-famous 86 th Floor Observatory. The shows are to be unveiled at 6 p.m. EDT on August 4, 2016, in three elevators, with the balance of the elevators being upgraded over..."/>
Empire State Building Soars To New Heights With Exciting New Elevator Experience Exclusively For Observatory Visitors
Nasdaq MarketSite in Times Square. Today, as the world’ s eyes turn to Brazil, Lawrence Johnson, Chief Executive Officer will ring the Opening Bell. He will be joined by special guest, Ambassador Antonio Patriota and members of the Brazil Chamber of Commerce."/>
Fogo de Chão, Inc. (Nasdaq:FOGO) to Ring The Nasdaq Stock Market Opening Bell
Sun Life Financial Canada. "This new business area represents another significant step that Sun Life is taking to advance the company's digital innovation strategy to support the well-being of Canadians," said Chris Denys, Senior Vice-President of Possibilities, Digital Health Solutions, Sun Life Financial Canada. ""/>
Sun Life Financial launches new business area to expand in digital health

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