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Banks

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Montepio informs about closure of Cayman Islands branch

Thursday, 21 Jul 2016 12:31pm EDT

Caixa Economica Montepio Geral : Informs about closure of the Cayman Islands branch .Says all necessary legal and operational procedures for the branch closure were concluded on July 11.

Regions Financial reports Q2 earnings per share of $0.20

Tuesday, 19 Jul 2016 06:32am EDT

Regions Financial Corp : Q2 net interest income $848 million versus $820 million last year . Regions Financial Corp qtrly net interest margin (FTE) 3.15 percent versus 3.16 percent . Regions Financial Corp qtrly average loans and leases totaled $82 billion, an increase of 1 percent versus q1 of 2016 . Incurred $3 million of additional legal and regulatory charges related to pending settlement of previously disclosed matters . Charges incurred in quarter related to ongoing efficiency efforts as company executes its plan to eliminate $300 million in expenses through 2018 . Qtrly net charge-offs totaled $72 million, a 5 percent increase from previous quarter . Regions reports earnings of $259 million and earnings per share of $0.20 for the second quarter of 2016 . Q2 earnings per share $0.20 . Q2 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Q2 revenue $1.4 billion . Q2 earnings per share $0.20 from continuing operations . In Q2, co incurred $22 million of property-related costs related to consolidation of 60 branches, occupancy optimization initiatives . Branches are expected to close in q4 of 2016 . Including 60 branches, announced consolidation of 90 branches as part announcement to consolidate 100 to 150 branches through 2018 . Company benefited from a $6 million FDIC insurance refund related to overpayments in prior periods . Regions Financial Corp qtrly Basel III Common Equity Tier 1 Ratio (Non-gaap) is 10.7% versus 11.1%.

Bank of America says corporation changed basis of presentation of operations by eliminating legacy assets & servicing segment, effective April 1

Tuesday, 12 Jul 2016 07:34am EDT

Bank of America Corp : Effective April 1, 2016, corporation changed its basis of presentation of operations by eliminating legacy assets & servicing segment . Segment realignment resulted in net $23 billion and $1 billion increase in consumer real estate loans held on balance sheet of consumer banking and all other, respectively, as of April 1, 2016 . Revenue, credit costs, expenses related to core and non-core loans, both owned and serviced for others, realigned to appropriate business segment or all other . To report results of operations through consumer banking, global wealth & investment management, global banking, global markets .To report remaining operations recorded in "all other".

Old Line Bancshares announces closing and consolidation of 3 branches

Tuesday, 5 Jul 2016 10:30am EDT

Old Line Bancshares Inc : Old Line Bancshares announces plans for branch consolidation . Says branches to be closed on approximately September 30, 2016 are Accokeek, Bowie-Mitchellville Road and Odenton .Says closing and consolidation of three branches.

Mitsubishi UFJ designates MUFG Americas Holdings Corp as intermediate holding company

Friday, 1 Jul 2016 08:30am EDT

Mitsubishi UFJ Financial Group Inc <8306.T> : Designating U.S. bank holding company, MUFG Americas Holdings Corporation as intermediate holding company . Reorganization also allows all material U.S. subsidiaries of MUFG to be clearly aligned as one team . MUFG has announced establishment of U.S. risk committee under MUFG board risk committee . MUFG board risk committee will oversee all types of risk at combined U.S. operations level . Mitsubishi UFJ Financial says in line with EPS rules, all remaining U.S. subsidiaries of MUFG will be transferred under MUFG Americas Holdings by July 2017 .Designating mufg americas holdings corp as IHC as per requirements of U.S. Fed's rules for enhanced prudential standards.

BOC Hong Kong enters into acquisition agreements with Bank of China<2388.HK><3988.HK><601988.SS>

Thursday, 30 Jun 2016 04:37am EDT

BOC Hong Kong Holdings Ltd <2388.HK>: Bochk has entered into the acquisition agreements with Bank of China . Consideration for the proposed Thailand share acquisition is 14.90 bln baht million . Consideration for the proposed Malaysia share acquisition is 2.03 billion rgt . Agreements in relation to the acquisitions of BOC Thailand and of BOC Malaysia, respectively, as part of the restructuring exercise .

BOC Hong Kong enters into acquisition agreements with Bank of China<2388.HK><3988.HK><601988.SS>

Thursday, 30 Jun 2016 04:37am EDT

BOC Hong Kong Holdings Ltd <2388.HK>: Bochk has entered into the acquisition agreements with Bank of China . Consideration for the proposed Thailand share acquisition is 14.90 bln baht million . Consideration for the proposed Malaysia share acquisition is 2.03 billion rgt . Agreements in relation to the acquisitions of BOC Thailand and of BOC Malaysia, respectively, as part of the restructuring exercise .

EnTie Commercial Bank to merge with insurance broker unit

Tuesday, 21 Jun 2016 07:00am EDT

EnTie Commercial Bank <2849.TW>: Says it will merge with its insurance broker wholly owned subsidiary with merger record date of Aug. 1 .Says the subsidiary will dissolve after merger.

Bancolombia to merge with its leasing unit

Tuesday, 21 Jun 2016 05:47am EDT

Bancolombia SA : Said on Monday Bancolombia will merge with its unit Leasing Bancolombia SA Compania de Financiamiento .To complete merger in the third quarter of 2016.

BankNordik expects to close sale of Vørður group in H2

Tuesday, 21 Jun 2016 02:21am EDT

BankNordik P/F : Says Icelandic central bank and Icelandic FSA have approved sale of shares in Vørður group to Arion banki of Iceland . Says regulatory approval from Icelandic competition authorities is still pending . Says winding up of corporate banking activities in Denmark is progressing to plan . Expects to settle corporate loans at book value of about 1 billion Danish crowns ($152.43 million) in first six months of 2016 . Does not expect to receive final approval from competition authorities by end of June, which means transaction is expected to close in H2 . Intends to propose that bank distribute dividend in amount to be based on relative increase in group's total capital from sale .Expected overall dividend distribution is expected to amount to about 300 million crowns.

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Analyst Research

Report Title Price
Provider : Brown Brothers Harriman & Co.
$12.00
Provider : Brown Brothers Harriman & Co.
$12.00
Provider : Brown Brothers Harriman & Co.
$35.00
Provider : Brown Brothers Harriman & Co.
$35.00
Provider : Banorte-Ixe
$10.00

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