Industry News

Moody's says these moves follow prior deposit injections of approximately SR12 billion since the start of the year and are credit positive for..."/>
SAMA's deposit injection to benefit Saudi banks: Moody's [Arab News, Jeddah, Saudi Arabia]
Rupee closes up 0.37% against US dollar [Mint, New Delhi]
Kotak Mahindra Bank Ltd on Friday said it will acquire a 99.49% stake in BSS Microfinance Pvt. According to a notification to the stock exchanges, the private sector bank plans to complete the all-cash deal within 3-4 months, subject to regulatory clearances. The microfinance company had a net worth of Rs72.9 crore as on 30 June, while its total turnover was at Rs49.5 crore for the year to March."/>
Kotak Mahindra Bank to buy BSS Microfinance for Rs139 crore [Mint, New Delhi]
Chicago aldermen take aim at Wells Fargo [Chicago Tribune]
Opus Bank has been named the official bank of the Pac-12 and a sponsor for Pac-12 Networks. "We are extremely pleased to partner with Opus Bank and look forward to a great relationship," said Neil Davis, Pac-12 Networks executive vice president of Integrated Marketing and sales, said in a statement. As part of the multi-year sponsorships, Opus will manage the Pac-12's financial and depository needs."/>
BRIEF: Opus Bank named Pac-12 sponsor [The Orange County Register]
Chicago Tribune Robert Reed column [Chicago Tribune]
S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, announced today the release of the Platts RigData U.S. The annual Forecast, now in its 2 nd year, is an analysis of the key drivers of domestic oil and gas supplies and what they imply for future trends over the next three years for land rig demand. As the report notes, oil prices will continue to be the primary catalyst..."/>
S&P Global Platts' RigData: U.S. Rig Count to Grow by Nearly 30% in 2017
Duke Energy's is acquiring Piedmont Natural Gas in a deal expected to be completed on or about that date. Dave& Buster's Entertainment owns and operates entertainment and dining venues for adults and families."/>
Dave & Buster's Entertainment Set to Join the S&P SmallCap 600
OncBioMune Pharmaceuticals Inc., a Baton Rouge firm that has developed a vaccine for prostate cancer, is in talks to acquire Vitel Laboratorios S.A., a Mexico City firm that licenses and distributes over-the-counter drugs. The companies have been talking since January, when OncBioMune's chief executive officer, Jonathan Head, sat next to Vitel CEO Manuel Cosme Odabachian on a flight following JPMorgan Chase's annual health care conference, said OncBioMune President..."/>
Baton Rouge biopharma firm in talks to acquire Mexican firm [The Advocate, Baton Rouge, La.]

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