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  • 12/12/2017 20:16:39

    Morning News Call - India, December 13

    sources Punjab National Bank has raised 50 billion rupees from a share sale to institutional investors, sources with direct knowledge of the transaction said on Tuesday. • India's ...

  • 12/12/2017 17:07:19

    'I was saved from a £10,000 car scam'

    Bank staff now alert police when a potential scam victim attempts to withdraw large sums of cash.

  • 12/12/2017 16:12:31

    BRIEF-SmartFinancial Inc To Acquire Southern Community Bank

    SmartFinancial Inc(SMBK): * SMARTFINANCIAL(SMBK), INC. TO ACQUIRE TULLAHOMA, TN-BASED SOUTHERN COMMUNITY BANK. * SmartFinancial Inc(SMBK) - UPON COMPLETION OF TRANSACTION, COMBINED COMPANY IS EXPECTED TO HAVE ASSETS OF APPROXIMATELY $2.0 BILLION. * SmartFinancial Inc (SMBK) - AGGREGATE ANNOUNCED TRANSACTION VALUE OF APPROXIMATELY $31.8 MILLION.

  • 12/12/2017 16:11:15

    BRIEF-Heartland Financial USA Announces Plan To Acquire First Bank Lubbock Bancshares In Texas

    Heartland Financial USA Inc(HTLF): * HEARTLAND FINANCIAL USA(HTLF), INC. ANNOUNCES PLAN TO ACQUIRE FIRST BANK LUBBOCK BANCSHARES, INC. IN TEXAS. * Heartland Financial USA Inc(HTLF) - FBLB COMMON SHAREHOLDERS WILL RECEIVE 3.0934 SHARES OF HEARTLAND COMMON STOCK FOR EACH SHARE OF FBLB COMMON STOCK. * Heartland Financial USA Inc (HTLF) - STOCK AND CASH TRANSACTION IS VALUED AT APPROXIMATELY $185.6 MILLION.

  • 12/12/2017 16:10:58

    BRIEF-Sinclair Raises Additional Term Loans And Amends Bank Credit Agreement

    Sinclair Broadcast Group Inc(SBGI): * SINCLAIR RAISES ADDITIONAL TERM LOANS AND AMENDS BANK CREDIT AGREEMENT. * SINCLAIR BROADCAST GROUP(SBGI) - SINCLAIR TELEVISION RAISED NEW INCREMENTAL TERM B LOANS AND AMENDED CERTAIN TERMS OF ITS EXISTING CREDIT FACILITY. * SINCLAIR BROADCAST (SBGI) - PROCEEDS FROM LOANS, ARE EXPECTED TO BE USED TO PURCHASE OUTSTANDING SHARES OF TRIBUNE MEDIA, REFINANCE TRIBUNE'S INDEBTEDNESS.

  • 12/12/2017 14:47:24

    BRIEF-Electromed Inc Says Renewed Its $2.5 Million Revolving Line Of Credit With Venture Bank

    Electromed Inc(ELMD): * Electromed Inc(ELMD) - ON DEC 12, CO RENEWED ITS $2.5 MILLION REVOLVING LINE OF CREDIT WITH VENTURE BANK PURSUANT TO RIDER TO BUSINESS LOAN AGREEMENT. * Electromed Inc (ELMD) - RENEWAL DOCUMENTS PROVIDE THAT LINE OF CREDIT WILL BE EXTENDED FOR AN ADDITIONAL YEAR AND MATURE ON DECEMBER 18, 2018 Source: Further company coverage:

  • 12/12/2017 14:03:48

    S&P 500, Dow end at records ahead of Fed decision

    The S&P 500 and Dow industrials advanced to end at records on Tuesday, as the Federal Reserve kicked off its two-day meeting. However, weakness in tech stocks weighed on the Nasdaq Composite. The central bank's Federal Open Market Committee is widely expected to announce its third and final interest-rate hike of 2017 on Wednesday. The S&P 500 closed at a record, rising 4.15 points, or 0.2%, to 2,664.14. The Dow Jones Industrial Average also ended at a fresh all-time high, after adding 118.57 points, or 0.5%, to 24,504.60. The Nasdaq Composite index slipped 12.76 points, or 0.2%, to 6,862.32 Among the biggest winners on Tuesday, Coty Inc and Freeport-McMoRan Inc jumped about 4% after upgrades from analysts. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/12/2017 11:19:47

    SEC charges biopharmaceutical company with failing to disclose millions in executive perks

    The Securities and Exchange Commission charged Tennessee-based Provectus , a biopharmaceutical company, with allegedly failing to properly report millions of dollars in perks provided to its then-CEO and then-CFO as compensation. The company allegedly lacked sufficient controls surrounding the reporting and disclosure of travel and entertainment expenses submitted by its executives, including Provectus' former CEO, Dr. H. Craig Dees, who obtained millions of dollars from the company using limited, fabricated, or non-existent expense documentation, according to the SEC. Provectus' former CFO, Peter R. Culpepper, also allegedly obtained $199,194 in unauthorized and undisclosed perks and benefits. The SEC said Dees treated the company "as his personal piggy bank," using falsified records to obtain $3.2 million in cash advances and reimbursements to allegedly pay for personal expenses such as cosmetic surgery for female friends, restaurant tips, and personal travel. The SEC settled with the company, which did not include any fines based on its proactive remediation and the cooperation of its new leadership. Provectus also fired the alleged wrongdoers. The company and Culpepper consented to separate orders, without admitting or denying the SEC's findings. Culpepper agreed to pay $152,376 in disgorgement and interest, a civil penalty, and to be suspended from appearing and practicing before the SEC as an accountant for three years. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/12/2017 11:03:32

    S&P, Dow at record levels as Boeing, bank stocks gain

    (Reuters) - The S&P and the Dow hit record levels in early afternoon trading on Tuesday as Boeing rose and bank stocks gained ahead of a near certain move by the Federal Reserve to raise interest rate.

  • 12/12/2017 10:14:32

    Banks lead US stock indexes higher in midday trading

    Banks are leading U.S. stocks higher in midday trading ahead of a Federal Reserve meeting where the central bank is expected to raise interest rates.

  • 12/12/2017 09:41:00

    BHP takes next step for US Shale exit: Sources

    LONDON/NEW YORK (Reuters) - BHP (NYSE:BHP), the world’s largest miner, has asked four investment banks to help it prepare for either a sale or spin-off of its underperforming U.S. shale oil and gas unit, with a view to taking a decision in early 2018, sources said.

  • 12/12/2017 09:18:51

    UPDATE 1-Banks eye Paris airports operator in Macron privatisation drive -sources

    LONDON/FRANKFURT, Dec 12 (Reuters) - Investment banks are vying to work with potential buyers or the French government on the sale of its majority stake in Aeroports de Paris (ADP) , sources close to the matter said, in one of the largest infrastructure deals expected to come to market in 2018.

  • 12/11/2017 13:26:00

    Farm debt waivers not favoured by ex-RBI heads

    At a discussion on policy, two former Reserve Bank of India (RBI) governors were critical of the farm debt waiver announcements by some state governments.Y V Reddy, ex-governor, said such decisions would not help the economy. C Rangarajan, another ex-governor, agreed and said it was better to instead give farmers more time to repay."Loan waiver is not good for economic or credit culture. Every political party in India has given farm loan waivers in some state or the other or at all-India level. It is a political decision but cannot be justified in the longer run," Reddy said, on the sidelines of the Inclusive Finance India Summit.Recent announcements in this regard have been made by the governments of Telangana, Uttar Pradesh, Punjab, Karnataka and Maharashtra."First, waive interest payments during a year of distress. Second, reschedule the loan, so that farmers get a longer timeframe for repayment. Only if all these things don't succeed should the government think of loan waiver," ...

  • 12/11/2017 09:32:59

    US stocks edge higher in morning trading; oil prices rise

    U.S. stock indexes are edging higher in morning trading as gains in technology and energy companies outweigh losses among banks and makers of packaged foods and other consumer goods

  • 12/11/2017 09:26:08

    UBS leads blockchain data reporting pilot ahead of new EU rules

    Financial companies led by Swiss bank UBS are testing a blockchain platform to help them comply with new European Union trade data standards due to come into force next year. Blockchain, the technology underpinning cryptocurrencies such as bitcoin, is a shared and immutable database maintained by a network of computers on the internet.

  • 12/10/2017 15:50:51

    Britain's Labour Party looks to move some BoE functions away from London

    (Reuters) - Britain's Labour Party is considering moving some of Bank of England's functions to Birmingham, from its current home in Threadneedle Street in the City of London, according to an interim report on the British financial system released on Sunday.

  • 12/08/2017 10:44:16

    Banking’s Auto Pullback Proves Beneficial to Captives, Credit Unions

    Credit unions and captives have gained marketshare amid pullback from banks, according to Experian’s third-quarter Automotive Finance Report. Banks in the auto lending space control 32.9% of total financing, down from a 35.1% marketshare during the same period the year prior, according to the report. Meanwhile, captives managed to grow their share of total financing […]

  • 12/08/2017 09:53:09

    Deutsche Bank can cope with Basel III outcome: CFO in paper

    Deutsche Bank is able to cope with the stricter capital rules on banks that were agreed this week, its finance chief told a German paper. "We are well capitalized. Financial regulators reached a long-sought deal on Thursday to harmonize global banking rules, known as Basel III, capping a decade of effort to make banks more resilient.

  • 12/07/2017 10:44:21

    Men's Wearhouse parent Tailored Brands shares surge after earnings and sales beat, guidance raised

    Tailored Brands Inc. shares jumped 11.3% in Thursday trading after the men's clothing retailer reported third-quarter earnings and sales beat estimates. Tailored Brands' portfolio includes Men's Wearhouse, Jos. A. Bank and K&G. Net income for the quarter totaled $36.9 million, or 75 cents per share, up from $28.4 million, or 58 cents per share last year. Sales totaled $810.8 million, down from $846.9 million last year. The FactSet consensus was for EPS of 56 cents and sales of $808.0 million. Retail segment same-store sales were up 0.1%, posting the second consecutive quarter of positive same-store sales, according to a statement from Chief Executive Doug Ewert. Same-store sales rose 4.9% at Jos. A. Bank, but fell at the company's other retail chains. Tailored Brands expects full-year EPS in the range of $1.80 to $1.85 and adjusted EPS of $2.03 to $2.08. The previous guidance was for EPS of $1.42 to $1.62 and adjusted EPS of $1.65 to $1.85. The company expects full-year same-store sales for Men's Wearhouse, K&G and Moore's to be down low-single digits while Jos. A. Banks same-store sales are expected to be up mid-single digits. Tailored Brands shares are down 24.5% for the year so far, but up 1.9% for the last 12 months. The S&P 500 index is up 17.7% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/06/2017 14:39:00

    Tailored Brands stock surges on third-quarter results

    Tailored Brands Inc. shares surged in the extended session Wednesday after the company released its third-quarter results topped analyst earnings expectations. Tailored shares jumped 12% to $19.25 after hours. The owner of Men's Wearhouse and Jos. A. Bank reported third-quarter net income of $35 million, or 75 cents a share, compared with $28 million, or 58 cents a share, in the year-ago period. Adjusted earnings were 75 cents a share. Revenue fell to $810.8 million from $846.9 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 56 cents a share on revenue of $808 million. For the fourth quarter, analysts estimate losses of 18 cents a share on revenue of $790 million. Executives issued fiscal-year 2017 guidance for earnings of $1.80 to $1.85 cents a share. Tailored stock has lost 33% this year, with the S&P 500 index rising 17%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/05/2017 18:13:37

    UPDATE 1-Turkish gold trader says he paid $45,000 bribe to U.S. prison guard

    (Adds Zarrab testimony) By Brendan Pierson NEW YORK, Dec 5 (Reuters) - A Turkish-Iranian gold trader testifying in the trial of a Turkish banker accused of helping Iran evade U.S. sanctions said on Tuesday that he paid a $45,000 bribe to a U.S. prison guard to obtain alcohol and use the guard's phone. Reza Zarrab, who is cooperating with prosecutors, testified that he got the money through a Turkish attorney whom he did not identify. Zarrab said he used the guard's phone to speak w

  • 12/05/2017 16:36:05

    Senate panel votes to roll back some Dodd-Frank requirements

    A Senate panel has approved legislation that would provide banks and credit unions with relief from some of the stricter regulatory requirements approved after the 2008 financial crisis.

  • 12/05/2017 13:42:23

    Trump-Russia probe: Mueller 'demands Deutsche Bank data'

    The US special counsel has issued a subpoena to Deutsche Bank as part of his inquiry, reports say.

  • 12/05/2017 12:35:18

    BRIEF-Omega Flex Agreed To New Amended Revolving Line Of Credit Note

    Omega Flex Inc(OFLX): * OMEGA FLEX(OFLX) - ON DEC 1, CO AGREED TO NEW AMENDED & RESTATED REVOLVING LINE OF CREDIT NOTE & THIRD AMENDMENT TO LOAN AGREEMENT WITH SANTANDER BANK N.A. * Omega Flex Inc (OFLX) - CO ESTABLISHED A LINE OF CREDIT FACILITY IN MAXIMUM AMOUNT OF $15 MILLION MATURING ON DEC 1, 2022 - SEC FILING Source text : Further company coverage:

  • 12/05/2017 10:14:32

    Prior to Business Exit, TCF Scores Pointed to Waning Performance

    In announcing TCF Bank’s exit last week from the auto sector, CEO Craig Dahl said subsidiary Gateway One Lending & Finance “performed as expected” under the new direction set earlier in the year. Yet, data from the 2017 Auto Finance Performance initiative paint a picture of a lender whose representatives were falling short of dealer […]

  • 12/05/2017 10:01:34

    Report: Mueller subpoenas bank records in Russia probe

    A German business newspaper is reporting that former FBI director Robert Mueller has subpoenaed Deutsche Bank seeking records as part of his investigation into allegations that Russia helped Donald Trump win the 2016 U.S. presidential election.

  • 12/05/2017 09:11:27

    B of A CEO says Q4 trading is down 15 pct

    Dec 5 (Reuters) - Trading revenues at Bank of America Corp are on track the be 15 percent lower in the fourth quarter than they were a year ago, Chief Executive Officer Brian Moynihan said during a question and answer session at an industry conference Tuesday.

  • 12/05/2017 00:19:37

    BRIEF-BBVA Accepts Offer From Bank Of Nova Scotia Over BBVA Chile

    * SAYS ACCEPTED OFFER AND ENTERED INTO SALE AND PURCHASE AGREEMENT WITH BANK OF NOVA SCOTIA Source text for Eikon: Further company coverage: (Gdynia Newsroom)

  • 12/04/2017 16:05:02

    BRIEF-Independent Bank Corp To Acquire Traverse City State Bank For About $63.24 Mln

    Independent Bank Corp: * INDEPENDENT BANK CORPORATION ANNOUNCES AGREEMENT TO ACQUIRE TRAVERSE CITY STATE BANK. * INDEPENDENT BANK CORP - TRANSACTION IS VALUED AT APPROXIMATELY $63.24 MILLION. * INDEPENDENT BANK CORP - TERMS OF MERGER AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY.

  • 12/04/2017 14:55:37

    BRIEF-Pamela Thomas-Graham Joins Butterfield Board

    Bank Of N.T. Butterfield & Son Ltd : * PAMELA THOMAS-GRAHAM JOINS BUTTERFIELD BOARD Source text for Eikon: Further company coverage:

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