Industry News

Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds, announced today the launch of PowerShares Variable Rate Investment Grade Portfolio. The ETF will be actively managed by IFI, which collectively has more than 34 years of experience in fixed income investing. With global interest rates at historical lows due to fiscal stimulus, VRIG offers investors a fixed income alternative that may..."/>
PowerShares Launches Variable Rate Investment Grade Portfolio (VRIG)
Sun Life Financial's 4 th annual Summit will be made up of three educational sessions focused on bringing in-depth insight and expertise to issues surrounding employee benefits. Experts will convene in Sun Life's Center for Healthy Work in Greater Portland, in front of a small live audience. The event will be live streamed digitally."/>
Sun Life 4th annual Summit will provide expert insight on health care and employee benefits
Atlas Financial Holdings, Inc., and operate under an intercompany reinsurance pooling agreement."/>
A.M. Best Affirms Credit Ratings of Atlas Financial Holdings, Inc. and Its Subsidiaries
Cenkos Securities yesterday after a dire update showed profit had slumped 91 pc. In the six months to June 30 it made pounds sterling 1.7 m, down from pounds sterling 18.6 m in the same period a year ago. Revenue plunged from pounds sterling 53.1 m to pounds sterling 15.3 m in that time."/>
Daily Mail, London, market report column [Daily Mail, London]
Daily Mail, London, Alex Brummer column [Daily Mail, London]
Sun Bancorp, Inc. will announce its third quarter earnings prior to market open on Monday, October 31, 2016. The Company will hold a conference call that day at 11:00 a.m. to discuss results and answer questions from analysts and investors. Participants may listen to or participate in the Company's earnings conference call via the following:."/>
Sun Bancorp, Inc. to Host Third Quarter Earnings Conference Call Monday, October 31, 2016 at 11:00 a.m. (EDT)
Fifth Third Bancorp has elected Jerry W. Burris and Eileen A. Mallesch as directors, the company revealed on Thursday. Burris' has been an independent director of Pentair plc since 2007; also serves as an adviser to GenNx360 Capital Partners, a private equity firm. Mallesch has more than 25 years of broad finance and strategy experience in different industries and currently serves on the boards of directors of State Auto Financial Corporation and Bob Evans..."/>
Fifth Third's board elects Jerry Burris and Eileen Mallesch as directors
MetLife, Inc. and Norges Bank Real Estate Management today announced that they have purchased the Constitution Square Three and Four office buildings in Washington, D.C. This is the second property investment in Washington, D.C., and the fifth overall for the joint venture, which was established in 2013.."/>
MetLife and Norges Bank Real Estate Management Joint Venture Purchases Constitution Square Three and Four in Washington, D.C.
CIT Group Inc.,, a leading provider of commercial..."/>
CIT Provides $35 Million Financing for Mesa Airlines
Compass Diversified Holdings, an owner of leading middle market businesses, announced that on September 21, 2016 it entered into a definitive agreement and consummated the sale of its majority owned subsidiary, Anodyne Medical Device, Inc., also doing business and known as Tridien Medical, to Hill-Rom, Inc.. CODI does not expect to record a significant gain or loss as a result of the sale. The proceeds will be used to pay down outstanding debt..."/>
Compass Diversified Holdings Announces Sale of Tridien Medical
Midland States Bancorp CEO Leon Holschbach to serve a two-year term on the organization’ s Bankers Advisory Board.. Holschbach was recommended for appointment by his home state bank commissioner Secretary Bryan A. Schneider of the Illinois Department of Financial&..."/>
Leon Holschbach Appointed to Advisory Board of Financial Regulatory Group
Navient, the nation’ s largest student loan servicer, reminds students and their parents to complete it as soon as possible so that they can plan well before that tuition bill arrives."/>
Two changes to FAFSA help students understand options earlier
Canaccord Genuity Group Inc.. IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company."/>
IIROC Trade Resumption - CF
Banc of California, Inc. has reported its plans to consolidate its office of finance organization under J. Francisco A. Turner and Brian Kuelbs, the company said. Turner is chief strategy officer for Banc of California, with responsibility for strategic planning, development of the annual operating plan, corporate financial planning, budgeting, mergers and acquisitions, investor relations and capital offerings. He will assume shared responsibilities for accounting, tax,..."/>
Banc of California to consolidate finance office
Waterstone Financial, Inc. has declared a cash dividend of USD0.08 per common share, the company said. The dividend is payable on November 1, 2016, to shareholders of record at the close of business on October 11, 2016.. Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank and offers personal and business banking products."/>
Waterstone Financial declares regular quarterly cash dividend
Sun Life Financial Inc. has reported 1,080,072 of its 8,000,000 Class A non-cumulative rate reset preferred shares series 10 R have been elected for conversion on a one-for-one basis, into Class A non-cumulative floating rate preferred shares series 11 QR, the company said. The Series 10 R Shares and Series 11 QR Shares will be listed on the Toronto Stock Exchange under the symbols SLF.PR.H and SL.PR.K, respectively. Sun Life Financial is an international financial services..."/>
Sun Life Financial reports Class A preferred shares conversion
Pioneer Bankshares, Inc. has declared a third quarter dividend of USD0.19 per share, the company said. The dividend is payable September 30, 2016 to shareholders of record as of September 19, 2016.. Pioneer Bankshares, Inc. is a one-bank holding company located in Virginia."/>
Pioneer Bankshares declares Q3 2016 dividend
ServisFirst Bancshares, Inc.,, the holding company for ServisFirst Bank, has declared a quarterly cash dividend of USD0.08 per share, the company said. The dividend is payable on October 14, 2016 to stockholders of record as of October 4, 2016.. ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama that provides financial services through ServisFirst Bank."/>
ServisFirst Bancshares declares Q3 2016 cash dividend
Southern Michigan Bancorp, Inc. has approved a quarterly cash dividend of USD0.20 per share. The dividend is payable October 21, 2016 to shareholders of record as of October 7, 2016.. Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank& Trust with 15 branches in Michigan."/>
Southern Michigan Bancorp increases quarterly dividend
SunTrust Banks, Inc., is celebrating the 125th anniversary of its incorporation, beginning as the Commercial Traveler's Savings Bank, the Georgia forerunner to Trust Company of Georgia, the company said. Founded by 24 people from all walks of life with various business backgrounds, the institution became known as Trust Company of Georgia in 1893 and changed its focus from a savings and loan institution to managing trusts and engaging in investment banking and underwriting..."/>
SunTrust Bank Commemorates 125th Anniversary
S&P Global Inc. has priced its offering of USD500 million in aggregate principal amount of senior notes due 2027, the company said. The notes will bear interest at a rate of 2.95 percent per annum and will pay interest semi-annually in cash in arrears on January 22 and July 22 of each year, beginning on January 22, 2017.. S&P Global is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide."/>
S&P Global prices senior notes

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