Industry News

State Bank of India on Thursday approved the scheme for merger with State Bank of Bikaner& Jaipur, State Bank of Mysore, State Bank of Travancore and Bharatiya Mahila Bank. According to the plan approved by the board of India's largest lender, investors in SBBJ holding 10 shares will get 28 shares of SBI. Investors in SBM and SBT holding 10 shares will get 22 SBI shares each."/>
SBI board approves swap ratio for merger with associated banks [Mint, New Delhi]
Ujjivan Financial Services Ltd.. The stocks of Equitas and Ujjivan have moved up by a mouth-watering 63.5% and 115%, respectively, from their issue prices."/>
RBL Bank IPO: Slimmer chances of a listing pop [Mint, New Delhi]
The spectrum puzzle [Mint, New Delhi]
State Bank of India on Thursday cleared the proposed merger of five associate banks and Bharatiya Mahila Bank with itself, taking one step closer to creating the first Indian lender to rank among the world's top 50.. India's largest lender also approved the share swap ratio for merging three associates--State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore-- and BMB. Swap ratios for State Bank of Hyderabad and State Bank of..."/>
SBI board clears merger with associate banks [Mint, New Delhi]
Ujjivan Financial Services Ltd. Both have risen by a mouth-watering 63.5% and 115%, respectively, from their issue prices. Naturally then, there will be a fair bit of anticipation for the forthcoming initial public offering of RBL Bank Ltd. Will its IPO be as successful?"/>
RBL Bank IPO: Slimmer chances of a listing pop [Mint, New Delhi]
Synovus Financial Corp. said Thursday it has entered an agreement to acquire a specialty finance company based in Atlanta, in a deal valued at $30 million initially, with possible revenue incentives to the selling shareholders in the coming years. The Columbus-based bank, parent company of Columbus Bank and Trust, said it expects to complete its purchase of Entaire early in the fourth quarter of this year, which would mean sometime in October. The acquisition is subject to..."/>
Synovus to purchase Atlanta-based specialty lender for $30 million-plus [Columbus Ledger-Enquirer, Ga.]
Cathay General Bancorp, the holding company for Cathay Bank, announced today that its Board of Directors declared a cash dividend of eighteen cents per common share, payable on September 12, 2016, to stockholders of record at the close of business on September 1, 2016.. Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered bank. Founded in 1962, Cathay Bank offers a wide range of financial services."/>
Cathay General Bancorp Declares $0.18 Per Share Dividend
M&T Bank's headquarters, sharing lunch and trading ideas with two veterans of the 160- year-old bank. It was a chance for a young guard of fledgling business owners to hear from Robert G. Wilmers, M&T's chairman and CEO,..."/>
43North winners get advice from the top at M&T [The Buffalo News, N.Y.]
Simon Property Group. Bring it on Jimmy Choo, Vince, and CH Carolina Herrera."/>
It's official: King of Prussia becomes one vast mall with 50 new retailers and restaurants [The Philadelphia Inquirer]
Regions Financial Corp. announced today that, as of 5:00 p.m., New York City time, on August 18, 2016, it had received tenders for an aggregate principal amount of $649,234,000 of its outstanding 2.00% Senior Notes due 2018 in the cash tender offer announced on August 11, 2016, which was made pursuant to the Offer to Purchase and the related Letter of Transmittal and Notice of Guaranteed Delivery sent to holders of the Notes, each dated August 11, 2016."/>
Regions Financial Corporation Announces Results of Tender Offer for 2.00% Senior Notes due 2018
Retail Properties of America, Inc. today announced that it will release financial results for the third quarter ended September 30, 2016, after the market closes on Tuesday, November 1, 2016. The Company will host a conference call on Wednesday, November 2, 2016, at 11:00 AM to discuss the financial results and other matters affecting the Company. A live webcast will be available online in the Investor Relations section of the Company's..."/>
Retail Properties Of America, Inc. To Report Third Quarter 2016 Financial Results

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