Industry News

Hercules Capital Inc revealed on Wednesday that Paul Gibson has been appointed as managing director in the Technology Group in its Washington DC office. A seasoned executive with over two decades of commercial banking experience, Gibson worked for over 13 years in venture lending, focused on structuring financial transactions for growth technology and life sciences-related companies. Most recently, he served as managing director at Horizon Technology Finance and before..."/>
Hercules names Paul Gibson as managing director
SunTrust Banks, Inc. has released a survey of middle market and small business executives that found companies make more than 57 percent of all payments through paper-driven processes and checks, the company said. The company said non-electronic processes can have a negative impact on cash flow and the balance sheets, but can also increase expose to fraud. Seventy-three percent of organizations have experienced actual or attempted fraud, with non-electronic processes the..."/>
Electronic payments help businesses combat fraud
First Financial Bancorp has positioned itself for continued growth with the announcement of senior leadership changes in alignment with the company's strategic initiatives, the company said. To accelerate execution, First Financial is reorganizing to deepen focus on four main business lines: commercial and private banking, retail banking, investment commercial real estate and commercial finance. Brad Ringwald has been named president of Community Banking."/>
First Financial aligns senior leadership to accelerate execution
Ally Financial, Inc., has debuted a new brand campaign entitled "Do It Right" that reflects its focus on doing things right for customers, the company said. The campaign is a unified brand campaign bringing together the full scope of the company's financial services offerings including its online bank, auto finance and insurance businesses, digital wealth management and online brokerage platform, and corporate finance operation. Ally Financial Inc. is a digital financial..."/>
Ally Financial debuts new brand campaign
Ameriprise Financial Inc reported on Thursday that Christopher J. Williams was elected to its board of directors as of 6 September 2016.. Williams is chairman, chief executive officer and founder of the Williams Capital Group LP, a financial services firm that he established in 1994 after working in fixed income and trading positions at Lehman Brothers and Jefferies& Company. Also, he serves as a director for the Clorox Company, Caesar's Entertainment Corporation and Cox..."/>
Ameriprise Financial names Christopher J. Williams as new director to its board
INTL FCStone Inc., a diversified global financial services organization delivering execution and advisory services in commodities, currencies and securities, today announced that its subsidiary, INTL FCStone Ltd, has reached an agreement to acquire the London-based EMEA oils business of ICAP plc following of the approval granted by the UK Competition and Markets Authority.. The business includes over 30 front office employees across the fuel, crude,..."/>
INTL FCStone Expands Capabilities with Acquisition of ICAP’s EMEA Oils Broking Business
TICC Capital Corp disclosed on Thursday that its independent inspector of elections, IVS Associates Inc tabulated the results of the 2016 annual stockholders' meeting held on 2 September 2016, in New York City. Accordingly, the stockholders voted continuation of the company's investment advisory contract; re-elected Tonia L Pankopf as a director of its board; ratified PricewaterhouseCoopers LLP as its independent registered public accounting firm for the fiscal year..."/>
TICC Capital declares shareholder support for recommendations at annual meeting
KKR’s Henry McVey: “Time to Focus”
EverBank Financial Corp and its wholly owned subsidiary EverBank, after the company completes the acquisition. Also, the company stated that the new bank will expand its banking and lending products and complements its full suite of retirement, investment and advisory services. Andrade, who is currently CEO of TIAA's Retail..."/>
TIAA names chairman and CEO of EverBank Financial Corp
Radian Group Inc., now offers Radian MI for non-delegated data and document submission through a direct integration with the Ellie Mae’ s Encompass ® all-in-one mortgage management solution. The seamless integration allows lenders to access Radian’ s solutions directly through Encompass to..."/>
Radian Enhances Integration with Ellie Mae’s Encompass® Mortgage Management Solution
ProAssurance Corporation reported on Wednesday that its board of directors approved a common stock cash dividend of USD0.31 per share, the company reported on Wednesday. All shareholders of record date as of 28 September 2016 will be paid on 7 October 2016. Also, the company said that as per its dividend policy it expects a total annual dividend of USD1.24 per share, which will be paid in equal quarterly instalments."/>
ProAssurance announces dividend of USD0.31 per share
Vedanta Ltd will hold the court-convened meeting in Goa on Thursday for the proposed merger with its subsidiary Cairn India Ltd.. For the merger to go through, half the minority investors have to approve the deal. Vedanta plans to close the transaction by the end of March 2017.."/>
Vedanta to hold shareholders meet on proposed merger with Cairn India today [Mint, New Delhi]
Dhanlaxmi Bank Ltd has informed the exchanges that it has raised Rs.84 crore equity funds from existing investors in exchange of preferential allotment to four investors. "Dhanlaxmi Bank Ltd has today informed BSE that the Bank has approved the allotment of 3,24,05,000 equity shares of Rs.10 each at a price of Rs.25.98 per share on preferential allotment basis," the company statement said. On 9 August, Mint had reported that Dhanlaxmi Bank is expecting Rs.120..."/>
Dhanlaxmi Bank raises Rs84 crore equity from existing investors [Mint, New Delhi]

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