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First American Announces Agreement To Acquire Bank Of America’S Lien Release Business Operations And Assets

Friday, 8 Dec 2017

Dec 8 (Reuters) - First American Financial Corp ::FIRST AMERICAN ANNOUNCES AGREEMENT TO ACQUIRE BANK OF AMERICA’S LIEN RELEASE BUSINESS OPERATIONS AND ASSETS.FIRST AMERICAN FINANCIAL CORP - ‍ BANK OF AMERICA'S LIEN RELEASE BUSINESS AND ITS EMPLOYEES WILL BECOME PART OF CO'S MORTGAGE SOLUTIONS DIVISION​.FIRST AMERICAN FINANCIAL CORP - ‍ ACQUISITION WILL INCLUDE AGREEMENT TO CONTINUE TO PROVIDE LIEN RELEASE SERVICES TO BANK OF AMERICA​.

Barclays Bank Updates on Proposed Structural Changes to Barclays Group Due To Ring-Fencing​‍

Friday, 8 Dec 2017

Dec 8 (Reuters) - Barclays Plc ::BARCLAYS BANK PLC [RIC:RIC:BARCR.UL] - ‍PROPOSED CHANGES TO STRUCTURE OF BARCLAYS GROUP DUE TO RING-FENCING​‍.TWO ENTITIES WILL OPERATE ALONGSIDE, BUT INDEPENDENTLY FROM, ONE ANOTHER AS PART OF BARCLAYS GROUP UNDER BARCLAYS PLC​.‍INTENDS TO SATISFY REQUIREMENT BY SETTING UP A RING-FENCED BANK, BARCLAYS BANK UK PLC, WHICH WILL BE SEPARATE FROM BARCLAYS BANK PLC.EXPECTS TO IMPLEMENT RESTRUCTURING, ESTABLISH RING-FENCED BANK IN APRIL, AHEAD OF JAN 1 LEGISLATIVE DEADLINE FOR IMPLEMENTATION OF RING-FENCING​.‍HEARING IS SCHEDULED IN NOVEMBER 2017 FOR COURT TO INITIATE PROCESS TO CONSIDER AND APPROVE SCHEME​.‍SECURED FUNDING PROGRAMMES ​OF BARCLAYS BANK WHICH RELATE TO ASSETS TRANSFERRING TO RING-FENCED BANK WILL TRANSFER TO BARCLAYS BANK UK.‍FINAL COMPOSITION OF ASSETS,LIABILITIES WHICH ARE TO REMAIN IN BARCLAYS BANK MAY DIFFER FROM BARCLAYS' CURRENT EXPECTATIONS​.‍FOLLOWING TRANSFERS OF ASSETS & LIABILITIES TO BARCLAYS BANK UK, BARCLAYS BANK WILL DISTRIBUTE TO BARCLAYS EQUITY OWNERSHIP OF BARCLAYS BANK UK​.

Barclays Bank Updates on Proposed Structural Changes to Barclays Group Due To Ring-Fencing​‍

Friday, 8 Dec 2017

Dec 8 (Reuters) - Barclays Plc ::BARCLAYS BANK PLC [RIC:RIC:BARCR.UL] - ‍PROPOSED CHANGES TO STRUCTURE OF BARCLAYS GROUP DUE TO RING-FENCING​‍.TWO ENTITIES WILL OPERATE ALONGSIDE, BUT INDEPENDENTLY FROM, ONE ANOTHER AS PART OF BARCLAYS GROUP UNDER BARCLAYS PLC​.‍INTENDS TO SATISFY REQUIREMENT BY SETTING UP A RING-FENCED BANK, BARCLAYS BANK UK PLC, WHICH WILL BE SEPARATE FROM BARCLAYS BANK PLC.EXPECTS TO IMPLEMENT RESTRUCTURING, ESTABLISH RING-FENCED BANK IN APRIL, AHEAD OF JAN 1 LEGISLATIVE DEADLINE FOR IMPLEMENTATION OF RING-FENCING​.‍HEARING IS SCHEDULED IN NOVEMBER 2017 FOR COURT TO INITIATE PROCESS TO CONSIDER AND APPROVE SCHEME​.‍SECURED FUNDING PROGRAMMES ​OF BARCLAYS BANK WHICH RELATE TO ASSETS TRANSFERRING TO RING-FENCED BANK WILL TRANSFER TO BARCLAYS BANK UK.‍FINAL COMPOSITION OF ASSETS,LIABILITIES WHICH ARE TO REMAIN IN BARCLAYS BANK MAY DIFFER FROM BARCLAYS' CURRENT EXPECTATIONS​.‍FOLLOWING TRANSFERS OF ASSETS & LIABILITIES TO BARCLAYS BANK UK, BARCLAYS BANK WILL DISTRIBUTE TO BARCLAYS EQUITY OWNERSHIP OF BARCLAYS BANK UK​.

Laurentian Bank Financial Group Reports Q4 Adjusted Earnings Per Share C$1.63

Tuesday, 5 Dec 2017

Dec 5 (Reuters) - Laurentian Bank Of Canada ::LAURENTIAN BANK FINANCIAL GROUP REPORTS 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$1.63.Q4 REVENUE C$268 MILLION VERSUS I/B/E/S VIEW C$258.3 MILLION.Q4 EARNINGS PER SHARE VIEW C$1.55 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE C$1.42.PROVISION FOR CREDIT LOSSES INCREASED TO $11.5 MILLION FOR Q4 OF 2017 FROM $10.3 MILLION FOR Q4 OF 2016​.IMPAIRMENT AND RESTRUCTURING CHARGES AMOUNTED TO $5.7 MILLION FOR Q4 OF 2017 COMPARED WITH $38.3 MILLION FOR Q4 OF 2016.QTRLY NET INTEREST INCOME INCREASED BY $27.5 MILLION OR 18% TO $176.2 MILLION.

Credit Suisse CFO: likely litigation, restructuring costs in 2018

Thursday, 30 Nov 2017

Nov 30 (Reuters) - Credit Suisse Group Ag ::CREDIT SUISSE CFO SAYS LIKELY THERE COULD BE LITIGATION COSTS IN 2018.CREDIT SUISSE CFO SAYS ALSO EXPECT RESTRUCTURING COSTS IN 2018.

KBC Groep Says Some KBC Securities Business Lines To Be Transferred To Other Parts Of Group‍​

Tuesday, 28 Nov 2017

Nov 28 (Reuters) - KBC GROEP NV ::NUMBER OF BUSINESS LINES WITHIN KBC SECURITIES TO BE TRANSFERRED TO OTHER PARTS OF THE KBC GROUP‍​.BUSINESS LINES ARE BOLERO, BOLERO CROWDFUNDING, SECURITIES SERVICES.AS OF 1 JULY 2018, BOLERO AND BOLERO CROWDFUNDING WILL FORM PART OFTHE KBC GROUP BELGIUM.PROCESSING OF ORDERS FOR SECURITIES WILL BECOME PART OF THE KBC SECURITIES SERVICES DIVISION OF KBC BANK.KBC SECURITIES HUNGARY TO BE INTEGRATED INTO K&H BANK.

Oleg Tinkov's company plans to sell 6.6 pct stake in TCS Group

Monday, 20 Nov 2017

Nov 20 (Reuters) - TCS GROUP HOLDING PLC :TADEK HOLDING & FINANCE INTENDS TO SELL C. 12 MILLION GLOBAL DEPOSITARY RECEIPTS REPRESENTING INTERESTS IN CLASS A SHARES OF COMPANY​.SAYS ‍PLACING SECURITIES REPRESENT APPROXIMATELY 6.6 PER CENT OF COMPANY'S ISSUED SHARE CAPITAL​.SAYS ‍PLACING SECURITIES ARE BEING OFFERED BY WAY OF AN ACCELERATED BOOKBUILD​.SAYS ‍MORGAN STANLEY & CO. INTERNATIONAL PLC IS ACTING AS BOOKRUNNER IN CONNECTION WITH PLACING​.SAYS ‍COMPANY WILL NOT RECEIVE ANY PROCEEDS FROM PLACING​.SAYS ‍TADEK HOLDING & FINANCE IS A COMPANY CONNECTED WITH MR. OLEG TINKOV (SELLING SHAREHOLDER)​.

SHANGHAI COMMERCIAL & SAVINGS BANK to merge two insurance agency units

Wednesday, 15 Nov 2017

Nov 15 (Reuters) - SHANGHAI COMMERCIAL & SAVINGS BANK Ltd <5876.TWO> ::Says it plans to merge two insurance agency units which will be dissolved after transaction .

ProCredit Holding 9-mth earnings from continuing operations ‍at EUR 36.5 mln

Tuesday, 14 Nov 2017

Nov 14 (Reuters) - PROCREDIT HOLDING AG & CO KGAA ::‍CONFIRMS GROWTH FORECAST FOR FINANCIAL YEAR 2017, WHICH WAS ADJUSTED IN JULY​.9-MONTH EARNINGS FROM CONTINUING OPERATIONS ‍AT EUR 36.5 MILLION (9M 2016: EUR 36.6 MILLION)​.‍9M 2017 RESULT FROM CONTINUING BUSINESS OPERATIONS EUR 36.5 MILLION VERSUS EUR 36.6 MILLION YEAR AGO​.FY ‍FORECAST FOR ROAE UNCHANGED, EXPECTED IN RANGE OF 7% TO 9% FOR FINANCIAL YEAR 2017​.

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