Industry News

State Bank of India and largest private sector lender ICICI Bank continue to be domestic systemically important banks, the central bank said Thursday. The Reserve Bank of India classification means their collapse could have a cascading impact on the entire financial system and the economy. This is a repeat of a similar classification for both these lenders, made by the central bank in August last year."/>
RBI retains too big to fail status for SBI, ICICI Bank [Mint, New Delhi]
Clal Insurance Enterprises Holdings Ltd., which bring us close to the end of the reporting season in the insurance sector, present weak results: a sizeable loss both for the second quarter and the first half year, alongside a continued decline in premiums in the group's insurance business. Clal Insurance is currently at the center of a confrontation between its controlling shareholder, Eduardo Elzstain's IDB group, on the one hand, and..."/>
Clal Insurance loss widens [Globes, Tel Aviv, Israel]
Transaction complete: First test of a UPI app [Mint, New Delhi]
Accenture analysis of data from CB Insights. Total investment in Asia-Pacific's financial technology sector reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015.. "China's established companies, rather than nascent start-ups, are at the forefront of the..."/>
Asia-Pacific beats North America in fintech investment: report [Mint, New Delhi]
Corporate bonds get RBI booster [Mint, New Delhi]
IL&FS Transportation Networks Ltd on Thursday said it has agreed to sell a road project in Andhra Pradesh to Cube Highways and Infrastructure Pte. Ltd, a joint venture between I Squared Capital and International Finance Corporation, for Rs.140.37 crore. Cube Highways will also assume debt of about Rs.500 crore associated with the project."/>
ITNL to sell Andhra Pradesh road asset to Cube Highways for Rs140 crore [Mint, New Delhi]
Axis Bank Ltd, Union Bank of India, Federal Bank Ltd and Bank of Maharashtra on Thursday went live with National Payments Corporation of India's UPI apps on the Google Play Store. The UPI system will allow customers to safely and..."/>
UPI goes live, banks introduce payment apps on Google Play Store [Mint, New Delhi]
Detroit Free Press Susan Tompor column [Detroit Free Press]
Mettler-Toledo International Inc. will replace Johnson Controls Inc. in the S&P 500, S&P SmallCap 600 constituent Monolithic Power Systems, Inc. will replace Mettler-Toledo in the S&P MidCap 400, and WCI Communities Inc. will replace Monolithic Power Systems in the S&P SmallCap 600 after the close of..."/>
Mettler-Toledo International Set to Join the S&P 500; Monolithic Power Systems to Join S&P MidCap 400; WCI Communities and Nautilus to Join S&P SmallCap 600
American Homes 4 Rent, a leading provider of high quality single-family rental homes, today posted the revised "Home Price Appreciation Factor" and "Home Price Appreciation Amount" through June 30, 2016, as those terms are defined in the final prospectuses for the Company's 5% Series A, 5% Series B and 5.5% Series C Participating Preferred Shares. The computations of these amounts are based on the results of the House Price Index of the..."/>
American Homes 4 Rent Announces Home Price Appreciation Amounts for its 5% Series A, 5% Series B and 5.5% Series C Participating Preferred Shares
EZCORP, Inc. Chief Executive Officer Stuart Grimshaw will deliver a presentation and Q&A at 2:00 p.m. Eastern time on September 13, 2016. A live webcast of the remarks, as well as presentation slides, will be available through this link: http://investors.ezcorp.com. A replay of the remarks and presentation slides will be available online at http://investors.ezcorp.com shortly after the presentation.."/>
EZCORP Chief Executive Officer, Stuart Grimshaw, to Speak at CL King 14th Annual Best Ideas Conference in New York City on September 13, 2016
Kemper Corporation announced today that it will host a conference call to share its strategic update for investors on Wednesday, September 21, 2016 at 3:00 p.m. Kemper’ s conference call will be accessible via the Internet and by telephone at 866.393. 1565. To listen via webcast, register online at the investor section of kemper.com at least 15 minutes prior to the webcast to install any necessary software and to download the presentation materials."/>
Kemper Corporation Announces Plans to Host Strategic Update for Investors
American Financial Group, Inc. announced today that Carl H. Lindner III and S. Craig Lindner, Co-Chief Executive Officers, and Joseph E. Consolino, Executive Vice President& Chief Financial Officer, will make a company presentation at the 2016 Keefe, Bruyette& Woods Insurance Conference being held at The Westin Grand Central in New York City on Thursday, September 8, 2016 at 10:15 a.m.. The presentation will be broadcast live over the Internet via a link on the Webcasts..."/>
American Financial Group, Inc. to Present at the 2016 Keefe, Bruyette & Woods Insurance Conference
Fairfax Financial Holdings Limited announced today that it has acquired, through certain of its subsidiaries, a total of 3,539,400 Class B non-voting shares of Torstar Corporation, representing approximately 4.9% of the issued and outstanding Class B Shares, bringing Fairfax's total holdings in Torstar to 19,439,050 Class B Shares or approximately 27.4% of the total Class B Shares outstanding. The Class B Shares were acquired through the..."/>
Fairfax Announces Acquisition of Shares of Torstar

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