Industry News

Ally Financial distributed backpacks and school supplies to 600 Detroit-area students at Boys& Girls Clubs of Southeastern Michigan's annual "Be Fit for School" event, and stocked the Detroit Club's library with 50 books on financial literacy topics and money skills. Ally is also sponsoring the new Backpack Cafe program, which will allow Boys& Girls Clubs' kids dealing with food-insecurity to take a backpack full of healthy food home with..."/>
Ally teams with Boys & Girls Clubs to deliver school supplies to Detroit-area students and kick off new Backpack Cafe program
Macy's store at the Mall of New Hampshire and a Bloomingdale's outlet in Merrimack are on a list of 28 store locations "most at risk of closing," according to a statistical rating organization. Morningstar Credit Ratings identified 28 Macy's- owned locations that reported below-average tenant sales after the retailer said it planned to close around 100 stores starting next year because of slower traffic. Morningstar's analysis showed the Manchester store sales..."/>
Two NH stores on Macy's 'at risk' list [The New Hampshire Union Leader, Manchester]
Corporate Office Properties Trust approved a common stock dividend of USD0.275 per share for the third quarter of 2016, the company revealed on Friday. This dividend will be paid on 17 October 2016 to shareholders of record on 30 September 2016.. Additionally, the board authorised dividends of USD0.70 and USD0.4609 per share on the company's the series K cumulative redeemable preferred share and series L cumulative preferred shares for the period..."/>
COPT announces dividend of common and preferred stock dividends for Q3 2016
Old Republic International Corporation on Thursday reported certain decisions taken by its board of directors at the regularly scheduled third quarter meeting. Accordingly, the board authorised the election of class II directors Dew, Dixon and Van Mieghem for a three-year term, each receiving a majority and/or plurality of all the votes cast by the shareholders. Also, it considered the result of the shareholder proposal on proxy access in this year's Proxy Statement and the..."/>
Old Republic's board takes action on corporate governance and approves USD0.1875 per share quarterly dividend
OneBeacon Insurance Group Ltd authorised a quarterly dividend of USD0.21 per share on the company's common stock, it reported on Thursday. This dividend will be paid on 29 September 2016, to shareholders of record as of the close of business on 9 September 2016.. OneBeacon through its subsidiaries, provides speciality property and casualty insurance products and services through its Specialty Products segment and its Specialty Industries segment..."/>
OneBeacon announces dividend of USD0.21 per share for Q3 2016
Icra Ltd rose as much as 15.3%, its maximum gain since 3 July 2014, and touched a high of Rs.4, 144 a share, a level last seen on 24 June. Crisil Ltd rose as much as 7%, its maximum gain since 20 April, and touched a high of Rs.2, 180 a share, a level last seen on 10 June."/>
Rating firms gain, buoyed by new RBI norms for corporate bond markets [Mint, New Delhi]
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]

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