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UPDATE 1-U.S. plan to ease banking rules goes too far -regulator

2017-11-21 reuters
WASHINGTON (Reuters) - A U.S. congressional plan to ease banking rules for some large institutions goes too far and could endanger the financial system, a leading bank regulator said on Tuesday. (50-0)

UPDATE 1-Zions Bancorp files petition to lose 'systemically important' tag

2017-11-20 reuters
(Reuters) - Zions Bancorp on Monday said it would file a petition with the Financial Stability Oversight Council to challenge its “systemically important” status, a label that triggers heightened oversight, and forces banks to hold more capital. (50-0)

US Financial 15 Split Corp Preferred Dividend Declared

2017-11-20 marketwired
TORONTO, ONTARIO--(Marketwired - Nov. 20, 2017) - US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.03894 for each Preferred share, or 5.25% annually based on the previous month end net asset value. Distributions are payable December 8, 2017 to shareholders on record as at November 30, 2017. (243-0)

Will The Senate Unleash A Wave Of Banking M&A?

2017-11-16 seekingalpha
Once the SIFI designation has been lifted, big banks under $200 billionassets will be able to make bank acquisitions easily for the first time since the Great Recession. (74-0)

Why Hold Strategy is Apt for SunTrust Banks (STI) Stock Now

2017-11-16 zacks
A favorable operating backdrop with the anticipation of another interest rate hike by the Fed has driven investors’ optimism for banking stocks. So it’s a good idea to bet on some bank stocks that possess strong fundamentals and have solid growth prospects. SunTrust Banks (STI - Free Report) is one such stock. Easing margin pressure, rise in loan demand and improving asset quality are the major driving factors. (23-0)

Senate reaches deal to cut number of systemically important banks | Reuters

2017-11-15 reuters
WASHINGTON (Reuters) - A bipartisan group of U.S. senators said on Monday they had reached a tentative deal to cut the number of banks labeled systemically risky, in a major step forward for efforts to roll back regulations enacted following the 2008 financial crisis. (87-0)

Regulatory Relief in Sight for Banks: STI, BBT, ZION & More

2017-11-14 zacks
The long wait for relief of regulatory burden may finally be over. While the Trump administration continues to push for the reversal the Dodd Frank Act, a bipartisan agreement announced on Monday came as a breather. This is expected to pave the way for significant changes and bring major relief to banks. Highlights of the Agreement The major relief from the plan, unveiled by the Senate Banking Committee Chairman Mike Crapo, is likely to come in the form of reduction in the number of banks labeled as systemically important financial institutions (SIFI). (160-0)

News Live: Govt says no undue insistence on dividend payout by PSUs

2017-11-14 moneycontrol
Union Heavy Industry and Public Enterprises Minister Anant Geete denied reports that the government was demanding hefty dividend from a few reluctant state-owned firms to bridge any tax shortfall this year, reports PTI. He clarified that there is no undue insistence being made in this regard. "We are not insisting much on dividend, but all our central public sector enterprises are paying satisfactory dividend," Geete said. (76-0)

US banks speed up with first new payment system in 40 years

2017-11-14 themalaymailonline
Screengrab from the Bank of New York Mellon website.NEW YORK, Nov 14 — An organisation of 25 US banks this week started the first new payment clearance and settlement system for the United States in more than 40 years, offering the prospect that businesses and individuals will be able to better track their funds minute-by-minute and use fewer paper checks. (133-0)

News Live: With an eye on job creation, govt plans major #39;Make in India#39; revamp

2017-11-14 moneycontrol
Billionaire-Mukesh Ambani controlled Reliance Industries has raised about Rs 17,500 crore from the bond market in the past few weeks in two tranches, as the low interest rate regime is coming to an end, reports The Economic Times. The company has sold the bonds in a private placement to ICICI Bank, Axis Bank, State Bank of India and Yes Bank in the past four-eight weeks, sources said. Country’s largest private sector bank ICICI Bank invested Rs 2,500 crore with a three-year maturity at 6. (73-0)

News Live: October WPI at 3.59%

2017-11-14 moneycontrol
Billionaire-Mukesh Ambani controlled Reliance Industries has raised about Rs 17,500 crore from the bond market in the past few weeks in two tranches, as the low interest rate regime is coming to an end, reports The Economic Times. The company has sold the bonds in a private placement to ICICI Bank, Axis Bank, State Bank of India and Yes Bank in the past four-eight weeks, sources said. Country’s largest private sector bank ICICI Bank invested Rs 2,500 crore with a three-year maturity at 6. (73-0)

News Live: MSCI rejigs index constituents, see which stocks made the cut

2017-11-14 moneycontrol
In the semi-annual index review for the MSCI equity indexes, Britannia, Petronet LNG and Vakrangee have been added to MSCI Global Standard Index while Apollo Hospitals has been removed. The MSCI Global Small Cap Index has seen 30 additions and 10 deletions. The stocks that have been added include CDSL, Chambal Fertilisers, Cochin Shipyard, DCM Shriram, Deepak Fertilisers, Eris Lifescience, Fortis Healthcare, Gujarat Alkalies, Gulf Oil Lubricants, Himadri Chemicals, IDFC, Jindal Saw, Jindal Stainless, Minda Industries, Nesco, Quess Corp, Radico Khaitan, Rain Industries, Shankara Building Products, Suprajit Engineering, Techno Electric, Tejas Networks, Time Techno, Uflex, VIP Industries and Welspun Corp. (57-0)

News Live: Bharti Airtel unit to sell $400m Bharti Infratel stake, says term sheet

2017-11-14 moneycontrol
A unit of Bharti Airtel will sell a stake worth about Rs 2,617 crore ($400 million) in mobile masts operator Bharti Infratel on Tuesday, according to a deal term sheet. Nettle Infrastructure Investments is offering to sell about 3.5% stake in Bharti Infratel in a price range of Rs 400 to Rs 415.5 per share, the term sheet showed. The price range is a nil to 3.7% discount to Bharti Infratel’s Monday closing price on the National Stock Exchange. (54-0)

News Live: Post-merger, SBI cuts staff by over 10,500 in H1 FY18

2017-11-14 moneycontrol
State Bank of India (SBI), which has finished two quarters since its consolidation, witnessed a massive layoff in its staff strength, reports Zee Business. The bank added 6,847 branches taking its overall headcount up to 23,423 branches as on June 2017 post consolidating five associate banks and Bharatiya Mahila Bank from April 1, 2017. These five associate banks are - State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore. (51-0)

GOVT / iShares U.S. Treasury Bond ETF - Stock Institutional Ownership and Shareholders - Fintel.io

2017-11-09 fintel.io
iShares U.S. Treasury Bond ETF (NYSE:GOVT) has 100 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 124,590,601 shares. Largest shareholders include UBS Group AG, Envestnet Asset Management Inc, Suntrust Banks Inc, Bank Of America Corp /de/, and United Capital Financial Advisers, Llc. (127-0)

CUSIP: 867914103