Industry News

Israel Discount Bank is selling five properties for NIS 100 million. Sources inform "Globes" that after selling properties separately over the past two years, the bank has now initiated the simultaneous sale of several of its properties in Tel Aviv, Jerusalem, Haifa, and Herzliya, which it plans to complete within six weeks. The most valuable property being sold is 70% of an office building on Lilienblum Street in Tel Aviv, in which part of the bank's headquarters are located,..."/>
Discount selling Jerusalem, Tel Aviv, Haifa branches [Globes, Tel Aviv, Israel]
United Bank of India, after the agency carried out raids at multiple cities and recovered cash, jewellery and investment of over Rs13.5 crore. Allegedly, Bhargava had abused her official position, first as an executive director of Canara Bank and later as the boss of UBI for making money for herself and/or for a..."/>
Mint, New Delhi, Tamal Bandyopadhyay column [Mint, New Delhi]
Detroit Free Press Susan Tompor column [Detroit Free Press]
Winter Park library team recommended [Orlando Sentinel]
Park National Corp., which purchased Panama City-based Vision Bank in 2007, paid a $500,000 fine last week to the Securities and Exchange Commission after an investigation found an error in the company's accounting of impaired loans at Vision Bank in 2010 and 2011.. "During 2010 and the first three quarters of 2011, Park had understated its reported by incorporating into its impairment analysis of problem loans certain cash flows..."/>
BRIEF: Former Vision Bank owner hit with $500,000 SEC fine [The News Herald, Panama City, Fla.]
Axis Bank on Friday fell 5.8%, the steepest fall in 11 months, after news reports indicated that the government may start selling some of its stake in the lender. At the end of the June quarter, the government owned 11.51% in Axis via the Specified Undertaking of Unit Trust of India, or SUUTI. The government is currently hiring merchant bankers for divesting stakes held under SUUTI."/>
BRIEF: Axis Bank falls 5.8%, most in 11 months [Mint, New Delhi]
Brookfield Asset Management Inc. is set to invest Rs450 crore in Mumbai-based Peninsula Land Ltd's premium project in Byculla in a structured debt transaction, three people familiar with the deal said. The Peninsula deal marks Brookfield's first investment in a residential project in India from its new $9 billion global real estate fund. The money will be used partly to refinance Kotak Mahindra Bank's loan to Peninsula Land, which would give the..."/>
Brookfield to invest Rs450 crore in Peninsula Land's Mumbai project [Mint, New Delhi]
Mosaic Capital Corporation announced today that it has filed, and received receipt for, a final short form base shelf prospectus. The Prospectus was filed with the securities regulatory authorities in each of the Provinces of Canada, except Québec, to provide Mosaic with..."/>
Mosaic Capital Corporation Files Final Base Shelf Prospectus

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