Industry News

Prudential Financial, Inc. employee adoption benefits have once again been recognized by the Dave Thomas Foundation for Adoption on the organization’ s 2016 Best Adoption-Friendly Workplaces List. “We are honored to be recognized as a top adoption-friendly company for more than a decade,” says Maureen Corcoran, vice president of Health, Life and Inclusion.“ Prudential’ s adoption and foster care benefits demonstrate a commitment to helping employees build their..."/>
Prudential recognized as a top Adoption-Friendly Workplace
TheStreet, Inc. has named Terri Smith as chief marketing officer, the company said. Smith will lead the marketing organization and initiatives across TheStreet's portfolio of business and personal finance brands. Smith has more than 20 years of experience."/>
TheStreet appoints chief marketing officer
Legg Mason, Inc. has reported preliminary assets under management of approximately USD737.2 billion as of August 31, 2016, the company said. This month's AUM included long-term inflows of USD1.5 billion, driven by fixed income inflows of USD2.1 billion and break-even alternative flows, partially offset by equity outflows of USD0.6 billion. Liquidity outflows were USD21.6 billion and this month's AUM included a negative foreign exchange impact of USD0.9 billion."/>
Legg Mason reports August 2016 AUM of USD737bn
TD Securities to acquire Albert Fried & Company
Syncora Holdings Ltd. today announced that it plans to issue its financial results for the six months ended June 30, 2016 after 4:00 p.m. ET on Wednesday, September 21, 2016. The press release, together with the Company's consolidated GAAP financial statements for the same period, and certain additional information relating to the financial results, will be made available on Syncora's website. A conference call to discuss the..."/>
Syncora to Announce Q2 2016 GAAP Financial Results and Hold Earnings Call
Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2016 include:. This Smart News Release features multimedia."/>
Schwab Reports Monthly Activity Highlights
IBERIABANK Corporation has declared a quarterly cash dividend on the outstanding shares of its 6.60 percent fixed-to-floating non-cumulative perpetual preferred stock, Series C, the company said. The cash dividend is payable on November 1, 2016, to shareholders of record as of the close of business on October 17, 2016.. IBERIABANK Corporation is a financial holding company based in Lafayette, Louisiana with locations in 10 states."/>
IBERIABANK declares Series C preferred stock dividend
IBERIABANK Corporation has declared a quarterly cash dividend of USD0.36 per common share, an increase of 6.0 percent compared to the common dividend declared in June 2016, the company said. The dividend is payable on October 28, 2016, to shareholders of record as of September 30, 2016.. IBERIABANK Corporation is a financial holding company based in Lafayette, Louisiana with locations in 10 states."/>
IBERIABANK increases cash dividend on common stock
BB&T Corporation announced today that its subsidiary, Branch Banking and Trust Company has entered into an agreement with the Federal Deposit Insurance Corporation that terminates the loss share agreements between Branch Bank and the FDIC. The loss share agreements were entered into during 2009 in connection with the acquisition of selected assets and liabilities of Colonial Bank in an FDIC-assisted transaction."/>
BB&T announces early termination of FDIC loss share agreements
Huntington Bancshares Incorporated announced that the board of directors has declared a quarterly cash dividend on its 5.875% Series C Non-Cumulative Perpetual Preferred Stock of $11.59 per share. The dividend is payable October 17, 2016 to shareholders of record on October 1, 2016.. About Huntington Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with approximately $100 billion of assets and..."/>
Huntington Bancshares Incorporated Declares Quarterly Cash Dividend on Its Series C Preferred Stock
CIT Group Inc., cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Healthcare Finance served as Lead Arranger and Administrative Agent for a $242 million senior secured..."/>
CIT Serves as Lead Arranger and Administrative Agent for $242 Million Financing for Jordan Health Services
Prosafe SE as announced on 7 July 2016, and latest the announcement of 13 September 2016 relating inter alia to issuance of the new class A shares in connection with the private placement closed on 12 July 2016.. According to the timetable set out in the release on 13 September, the new class A shares were delivered to subscribers against payment yesterday, 14 September 2016. Furthermore, the Company has..."/>
Prosafe SE: Update on timetable for refinancing completion
Allstate Corporation today announced estimated catastrophe losses for the month of August 2016 of $154 million, pre-tax. Catastrophe losses occurring in August comprised 10 events at an estimated cost of $144 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Estimated catastrophe losses for the months of July and August 2016 total $407 million, pre-tax."/>
Allstate Announces August Catastrophe Loss Estimate
TheStreet, Inc., a leading financial news and information company, today announced that Jack Mohr has been promoted to Chief Investment Strategist. In this role, Mohr will manage, monitor and provide premium investment analysis for TheStreet while continuing to co-manage Jim Cramer's Charitable Trust, Action Alerts Plus. Mohr's investment philosophy mirrors that of TheStreet: build wealth over the long term by investing with discipline,..."/>
TheStreet, Inc. Appoints Jack Mohr Chief Investment Strategist
Ameriprise Financial Inc., Apollo Investment Corp., BlackRock Inc., and The Carlyle Group L.P.."/>
Research Reports Coverage on Asset Management Stocks -- Ameriprise Financial, Apollo Investment, BlackRock, and Carlyle
PNC Financial Services Group, said Pittsburgh's biggest bank needs to do a better job of providing loans and credit cards to consumers, calling PNC's application and approval process cumbersome and slow. We will do better, "he said during a Barclays investor conference in New York on Wednesday. Demchak said that 20 percent of pre-qualified applicants for home equity loans "walked away from us because we haven't kept up with today's customer..."/>
PNC's chief says consumer loan process too slow [Pittsburgh Post-Gazette]
HCI Group, Inc., has acquired a newly built shopping center located in Sorrento, Florida, just north of Orlando, for $12.3 million.. The 61,400 square-foot shopping center, known as the Sorrento Hills Village Shopping Center, is anchored by a 45,600 square foot Publix Super Market, which opened in 2015. Listed #87 on the Fortune 500 list for 2016, Publix is one of the largest U.S. regional grocery chains, with over 1,000..."/>
HCI Group Real Estate Division Acquires New Shopping Center
A-Mark Precious Metals, Inc., a full-service precious metals trading company and an official distributor for all the major sovereign mints, will hold a conference call on Wednesday, September 21 at 4:30 p.m. Eastern time to discuss results for the fiscal fourth quarter and full year ended June 30, 2016. Financial results will be issued in a press release prior to the call. A-Mark’ s CEO Greg Roberts, President Thor Gjerdrum and CFO Cary Dickson will..."/>
A-Mark Precious Metals Sets Fiscal Fourth Quarter and Full Year 2016 Earnings Call for Wednesday, September 21 at 4:30 p.m. ET

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