Industry News

PNC Financial Services Group, Inc. has redeemed all of the outstanding senior notes due Nov. 1, 2016 issued by PNC Bank, National Association in the amount of USD750 million, the company said. Payment of the redemption price will be made through the facilities of Depository Trust Company on Oct. 3, 2016.. The PNC Financial Services Group, Inc. is a diversified financial services institution in the US that provides retail and business banking; residential mortgage banking;..."/>
PNC redeems PNC Bank senior notes due Nov. 1, 2016
First Republic Bank has declared cash dividends on all seven outstanding series of its perpetual preferred stock, the company said. A quarterly cash dividend of USD16.75 per share was declared on its noncumulative perpetual Series A preferred stock. The dividend is payable on September 30, 2016, to shareholders of record as of September 16, 2016.."/>
First Republic Bank declares dividends on 7 series of perpetual preferred stock for Q3 2016
Suncrest Bank and Security First Bank have entered into a definitive agreement whereby Security First Bank will merge with and into Suncrest Bank in a cash and stock deal, valued at USD18.1 million, the company said. The transaction combines two local community banks in neighboring markets and approximately USD425 million in combined assets. Suncrest Bank said Castle Creek Capital Partners VI, L.P. will be making an investment of USD5.6 million to acquire 678,788 shares of..."/>
Suncrest Bank to acquire Security First Bank
Fiera Capital Corporation an independent asset management firm, has added the team from Larch Lane Advisors LLC to Fiera Capital Inc., its US division, the company said. The addition of the team will enable Fiera Capital's US division to offer clients a range of alternative investment solutions, including a liquid alternatives mutual fund, traditional funds of hedge funds and hedge fund seeding. Approximately USD500 million in assets under management will be added to Fiera..."/>
Fiera Capital adds Larch Lane to firm
ZAIS Financial Corp. has reported its mortgage banking subsidiary, GMFS, continues to reach out to customers who may have been impacted by the severe flooding, which occurred in southern Louisiana in mid-August 2016, the company said. GMFS said it has begun to quantify the impact of the flooding on its current business and financial results. The company said it does not expect the impact of the flood to have a material impact on its financial position this year."/>
ZAIS Financial updates Louisiana flooding on mortgage banking operations
Associated Banc-Corp has reported changes involving its executive committee, the company said. Scott S. Hickey, executive vice president and chief credit officer, has announced his plans to retire in the second quarter of 2017. Hickey, who joined Associated in 2008, had a career in the financial services industry spanning four decades."/>
Associated Bank names new EVP/chief credit officer
NASB Financial, Inc. has declared a quarterly cash dividend on common stock of USD0.26 per share, the company said. The dividend will be paid on September 30, 2016, to stockholders of record September 16, 2016.. NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B., a regional bank headquartered in Grandview, Missouri."/>
NASB Financial declares cash dividend on common stock
Adeptus Health Inc., the largest operator of freestanding emergency rooms in the U.S., today announced that executives Thomas S. Hall, Chairman and CEO and Frank R. Williams, Jr., Executive Vice President and CFO, will participate in a fireside chat at the Morgan Stanley Global Healthcare Conference in New York City on Monday, September 12, 2016 at 4:15 p.m. ET. A live audio webcast of the presentation can be accessed by visiting:..."/>
Adeptus Health Inc. to Present at the Morgan Stanley Global Healthcare Conference
Intact Financial Corporation, will speak at the 17 th Annual Scotiabank Financials Summit in Toronto at 2:20 p.m. ET on September 7, 2016.. To access the live video webcast, please visit:. The webcast will be archived on Intact's website following the event."/>
Charles Brindamour to speak at the 2016 Scotiabank Financials Summit
Morningstar Investment Management Europe Ltd reported on Monday a collaboration to expand investment strategies available to the bank's clients. Pursuant to the new collaboration, the bank will add a value-based investment strategy to its portfolios available through SaxoSelect and the new portfolio, Saxo Morningstar MOAT Portfolio, will offer a way to..."/>
Saxo Bank and Morningstar collaborate to offer portfolio of Value Stocks to SaxoSelect clients
Yes Bank Ltd is gearing up to make a debut in the offshore bond market with a five-year dollar bond. The bank is looking to raise $300-500 million before March 2017 to avail cheaper funding for its offshore lending branch at GIFT City in Gandhinagar, Gujarat, said two people from the bank. The offshore branch is meant to function as a foreign branch of the domestic bank and lend in foreign currency."/>
Yes Bank set to enter offshore bond market with 5-year dollar bond [Mint, New Delhi]
Nifty hits 8,900 mark, at 18-month high [Mint, New Delhi]
CFO Darryl Button to Leave Aegon
INGENICO GROUP: Trading Update
MarketAxess Holdings Inc., the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, announces the expansion of support for its all-to-all trading marketplace, Open Trading™, during Asia local hours.. Open Trading allows all market participants, including buy- and sell-side firms, on the MarketAxess trading platform to connect..."/>
MarketAxess Expands All-to-All Open Trading™ in Asia
PepsiCo Inc. bottler, has received approval from the stock market regulator for an initial public offering of over Rs.1, 000 crore. The company, the flagship firm of Delhi-based billionaire Ravi Jaipuria, had filed its so-called draft red herring prospectus with the Securities and Exchange Board of India on 21 June. In an email confirming the development, Varun Beverages said it received the clearance on 31 August."/>
Sebi approves PepsiCo bottler Varun Beverages' Rs1,000 crore IPO [Mint, New Delhi]
Sebi audit may spell trouble for NSEL brokers [Mint, New Delhi]
M and A Navigator: Deal pipeline 6 September
Envestnet Inc., a publicly traded company that makes software for..."/>
Suburban talent pool helped draw Envestnet to Chesco [The Philadelphia Inquirer]
Briefcase [Albuquerque Journal, N.M.]
Briefcase [Albuquerque Journal, N.M.]
Prosafe SE as announced on 7 July 2016.. All lenders of Prosafe's USD 1,300 million and USD 288 million bank facilities have now confirmed their approval in favour of the Refinancing. With this, the Company is pleased to note that the Refinancing has been supported by all relevant stakeholders, and that the conditions for the Refinancing have been fulfilled."/>
Prosafe SE: All lender approval secured - refinancing to be completed
Fifth Third Bancorp stated on Friday that Fifth Third Bank has submitted a redemption notice to the issuing and paying agent, for redemption of all of its outstanding 1.15% fixed rate senior notes issued in the principal amount of USD1bn and the floating rate senior notes issued in the principal amount of USD750m, both due 18 November 2016.. Pursuant to the terms and conditions of the above notes for an amount equal to 100% of the principal amount plus accrued and unpaid interest..."/>
Fifth Third Bancorp redeems senior bank notes due November 2016

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