Industry News

India's 10-year bond yield nears 2009 lows [Mint, New Delhi]
Punjab National Bank's net profit fell 57% to Rs.306 crore in the first quarter of 2016-17 from Rs.720 crore in the year-ago period as bad debts zoomed. Gross non-performing assets of the bank as a percentage of advances more than doubled to 13.75% from 6.47% in the year-ago period. Net NPAs also touched 9.16% from 4.05% in the year-ago quarter."/>
PNB Q1 profit falls 57% to Rs306 crore [Mint, New Delhi]
First of Long Island Corporation, the parent company of The First National Bank of Long Island, reported increases in net income and earnings per share for the three and six months ended June 30, 2016. In the highlights that follow, all comparisons are of the current three or six month period to the same period last year unless indicated otherwise.. Net Income increased 21.4% to $7.6 million from $6.3 million EPS increased 13.6% to$. 50 from$. 44 Cash..."/>
The First of Long Island Corporation Announces 21.4% Increase in Net Income for the Second Quarter of 2016
Gouverneur Bancorp, Inc. and its subsidiary, Gouverneur Savings and Loan Association, today announced the results for the third quarter and nine months ended June 30, 2016.. For the three months ended June 30, 2016, the Company reported net income of $313,000, or $0.14 per diluted share, representing a decrease of $23,000, or 6.85% from last year's net income of $336,000, or $0.15 per diluted share. Net interest income decreased $39,000..."/>
Gouverneur Bancorp Announces 2016 Third Quarter and Nine Months Results
TheStreet, today announced the nominees for its Most Admired Corporate Dealmakers Awards. Now in its ninth year, the awards recognize the best corporate dealmaking teams. Past winners include Eastman Chemical, Berry Plastics and Google.."/>
The Deal Announces Nominees for Ninth Annual Most Admired Corporate Dealmakers Awards
American International Group, Inc., announces an addition to its Directors’& Officers’ policies that will cover costs not paid for by the company for: legal challenges in the event of permanent residency applications being rejected pre Brexit; and the subsequent challenges to repatriation orders post Brexit. Executives that are citizens of the EU covered by AIG UK’ s D&O cover whose applications for permanent residency in the UK are rejected..."/>
AIG UK Announces New D&O Coverage for Residency and Repatriation Costs Associated with Brexit
Willis Towers Watson, a leading global advisory, broking and solutions company, has released Radar 2.0, the newest version of its Radar pricing software. Radar 2.0 will enhance support for the growing demand of pricing sophistication from property& casualty insurance markets around the world.. The leap forward in processing speed of Radar 2.0 enables insurers to extend their pricing decision support analyses with expanded data volumes."/>
Speed and scale integral to insurance pricing evolution
Mortgage Rates up Slightly
Sun Life Financial Inc. will release its second quarter 2016 financial results on Wednesday, August 10, 2016, after markets close. The Company will hold its earnings conference call and audio webcast at 10:00 a.m. ET the following day. Date: Thursday, August 11, 2016 Time: 10:00 a.m. ET."/>
Sun Life Financial hosts second quarter 2016 earnings conference call
Sun Life Financial Inc. will release its second quarter 2016 financial results on Wednesday, August 10, 2016, after markets close. The Company will hold its earnings conference call and audio webcast at 10:00 a.m. ET the following day. Date: Thursday, August 11, 2016 Time: 10:00 a.m. ET."/>
Sun Life Financial hosts second quarter 2016 earnings conference call
SBT Bancorp, Inc.,, holding company for The Simsbury Bank& Trust Company, Inc., today announced net income of $251 thousand or $0.19 basic and $0.19 diluted earnings per share for the quarter ended June 30, 2016, compared to a net income of $206 thousand or $0.15 basic and $0.15 diluted earnings per share for the quarter ended March 31, 2016.. Net interest and dividend income for the second quarter increased $123 thousand or 3.9% as compared to the first quarter of..."/>
SBT Bancorp, Inc. Reports Second Quarter 2016 Results
SouthCrest Financial Group, Inc. announced today that the company reported preliminary net income of $11.4 million or $1.36/ share for the second quarter ended June 30, 2016.“ As we expected, we were able to reverse $10.6 million of the valuation allowance against our deferred tax asset during the second quarter. This has long been the focus of the Company and we are proud to clear another significant hurdle in..."/>
SouthCrest Financial Group Reports Preliminary 2Q16 Earnings
Commercial National Financial Corporation, parent Company of Commercial Bank& Trust of PA, has reported results for the quarter ended June 30, 2016. The Company earned $1,211,000 in the second quarter 2016 compared to $2,390,000 in the second quarter 2015. The Company earned $2,457,000 for the six-month period ended June 30, 2016 and $3,987,000 for the six-month period ended June 30, 2015."/>
Commercial National Reports June 30, 2016 Earnings
Willis Towers Watson, a leading global advisory, broking and solutions company. Lifetime income solutions include education and the tools necessary to help plan participants determine how to spend down..."/>
U.S. employers slowly embracing lifetime income solutions
Sandy Spring Bancorp, Inc., please be advised that the last sentence of the first paragraph should read "This is consistent with the dividend paid in the second quarter of 2016 and $0.02 more than the third quarter of 2015" rather than "This is consistent with the dividend paid in the third quarter of 2016 and $0.02 more than the third quarter of 2016" as originally issued. The complete corrected text..."/>
CORRECTING and REPLACING -- Sandy Spring Bancorp Declares Quarterly Dividend of $0.24 Per Share
Chubb company, is encouraging seniors to mark the 51 st anniversary of this historic date by taking time out to determine if they are prepared to face an unexpected illness or injury with Medicare alone. Medicare benefit payments totaled..."/>
Combined Insurance Marks Anniversary of Medicare Law
First Financial Northwest, Inc., the holding company for First Financial Northwest Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on the Company’ s outstanding common stock. The cash dividend will be payable on September 23, 2016, to shareholders of record as of the close of business on September 9, 2016.. First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank, a..."/>
First Financial Northwest, Inc. Announces Quarterly Cash Dividend of $0.06 per Share
Nasdaq, Inc. and the Bolsa de Valores de Colombia today announced the extension of their current trading technology contract for an additional seven years. This extension is part of BVC’ s ongoing initiative to continue strengthening its position in both the regional and international exchange arena.. The upgraded Nasdaq matching engine, X-stream INET Trading, further enhances the Colombian capital market by supporting new asset..."/>
Bolsa de Valores de Colombia (BVC) Extends Trading Technology Contract with Nasdaq
Gland Pharma to be Acquired by Fosun Pharma
TowneBank Reports Second Quarter Earnings

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