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.]
Pinetree Capital Ltd. today announced the results of the election of directors at its annual general meeting held earlier today. At the Meeting, all of the nominees listed in Pinetree's management information circular dated August 22, 2016 were elected as directors of Pinetree. Each director was elected by a majority of the shareholders present in person or by proxy at the Meeting."/>
Pinetree Capital Ltd. Announces Election of Directors
DuMoulin Black LLP Closes the Market
Valley National Bancorp, the holding company for Valley National Bank, announced that it will release its third quarter 2016 earnings before the market opens on Wednesday, October 26, 2016.. Valley's Chairman, President and CEO, Gerald H. Lipkin will host a conference call on Wednesday, October 26, 2016 at 11:00 AM to discuss Valley's third quarter 2016 earnings. Interested parties are invited to listen in by dialing 800-230-1059. A replay of..."/>
Valley National Bancorp To Announce Third Quarter 2016 Earnings
OneMain on Saturday. The rebranding comes nearly a year after Springleaf purchased OneMain Financial in a $4.49 billion cash deal."/>
BRIEF: Springleaf to adopt new identity on Saturday after OneMain purchase [Alabama Media Group, Birmingham]
Trez Capital Mortgage Investment Corporation announced today that it intends to resume purchases of its Class A shares under its previously announced normal course issuer bid and has entered into an automatic share purchase plan with a broker in order to facilitate such purchases. On May 17, 2016, the Company announced that it had received approval from the Toronto Stock Exchange to purchase up to 1,808,610 of its issued and outstanding Shares..."/>
Trez Capital Mortgage Investment Corporation Resumes Normal Course Issuer Bid and Enters Into Automatic Share Purchase Plan

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