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Trading of the company's securities was immediately suspended for failure to meet minimum shareholder equity levels, a move it agreed with. [ABSTRACT FROM AUTHOR]

Trading of the company's securities was immediately suspended for failure to meet minimum shareholder equity levels, a move it agreed with. [ABSTRACT FROM AUTHOR]

The article discusses the effect of financial market crisis on hybrid pension models in the U.S. in 2010. A sponsor survey by Hewitt reportedly served as an impetus for the reconsideration of hybrid pension designs. Mercer senior retirement consultant Don Fuerst explains the reason behind minimized sponsor liability in the variable defined benefit (VDB) model. Sibson Consulting national retirement practice leader Stewart D. Lawrence notes that the pension equity hybrid plan is based on the final pay.

Banc of California plans to cut about 35% of Pacific Mercantile's annual noninterest expenses while incurring $18.1 million in merger-related expenses. The deal value, boosted by an 18% increase in Banc of California's share price since its initial offer, priced Pacific Mercantile at 146% of its tangible book value. When Pacific Mercantile in Costa Mesa, California, agreed to be sold to Banc of California in Santa Ana in late March, it pledged to shore up credit quality before the deal's expected completion in the third quarter. [Extracted from the article]

M&A January 25, 2021 Investar Holding in Baton Rouge, La., has agreed for a second time to buy Cheaha Financial Group in Oxford, Ala. Investar originally agreed to buy Cheaha in December 2019, but the deal was terminated six months later because of the unpredictable market conditions tied to the coronavirus pandemic. [Extracted from the article]

The Oak Brook, Ill.-based manager is adding interest-only notes as well as a subordinate, single-B rated tranche in an extension of a 2016 CLO. [ABSTRACT FROM AUTHOR]

The article offers information tips related to risk management in banks. It states that shareholder and management expectations should be included in a risk-appetite framework for key performance indicators, such as return on equity or revenue. It says that in boosting risk-culture transformation, communication from both the executive and staff is necessary. It adds that according to a consulting firm director, risk management responsibility must be vested exclusively in senior officers.

January 08, 2021 After nine months of stockpiling capital to ensure they could withstand the strains of the pandemic, Canada's biggest banks are facing a new problem: how to spend all that extra money. Investors initially welcomed the capital buildups because they reduced the likelihood banks would be forced to raise more money, which would dilute shareholders' equity, Aiken said. Extra capital The result is that Canada's six largest banks reported a combined C$262 billion in CET1 capital as of Oct. 31, accounting for 12.3% of their risk-weighted assets. [Extracted from the article]

The article looks at the mistakenly viewed past decade that affects the decision of investors. Investors abandon high quality U.S. equities prior to their fears of the lost decade without realizing that they are under-allocating such stocks and may hurt them in the next 10 years. According to the article, investors should build a diversified portfolio, reallocate assets annually to out-of-favor asset classes, and forget the lost decade to have a successful stock performance.

The article reports on the announcement by Blackstone Capital Partners to acquire the credit card operator, Alliance Data System in the U.S. According to the author, The firm allocated $7 billion including the $1 billion in existing debt. Stockholders will also receive $81 billion per share when the deal would be completed. Furthermore, He added that the deal is on its way to final stage where a fee of $170 million will be assessed if the transaction is terminated.

Focuses on the possible impact of the proposal of the Financial Accounting Standard Board (FASB) to require companies to elevate the funded status of their pension plans from footnote to a plus or minus on their balance sheets on regulated industries in the U.S. Effect of the proposed FASB rule on shareholder equity; Possibility for ratios of assets and liabilities to change sufficiently to violate existing loan covenants and require renegotiation of terms of the loans; Businesses that would most be affected by the proposed rules, including car manufacturers.

The article reports on the move by the Fresno County Employees' Retirement Association (FCERA) in California to revise a list of candidates for its International Equity search to replace Boston, Massachusetts-based Oechsle International Advisors in 2012.

The article reports on the record set by the U.S. Federal Home Loan Bank of Seattle company to run out of retained earnings. It states that the reduction of the retained earnings fund which totaled $16.2 million puts the value of member capital at the Bank at risk. It notes that the continued deterioration of the housing market could result to bigger other-than-temporary impairment charges and erase retained earnings at other Home Loan Banks.

The article reports on the preferred stock tender offer amended by Thornburg Mortgage Inc. in the U.S. It says that the move is the key to survival to the executives in reducing the percentage of total preferred stockholders. Moreover, preferred tender also will be key to whether it can proceed with plans they have made to resume originating, aggregating and securitizing jumbo mortgages, which has been hit by market's credit crunch and depreciating property values.

The article offers information on the global equity investments included in the portfolio of the Orange County Employees Retirement Association (OCERS) in Orange County, California and the search for its managers. Robert Kinsler, spokesman for the plan, said the board approved the new mandate with the funding from domestic equity with initial allocation of $300 million. The searching and hiring of two managers for the mandate will be assisted by investment consultant Callan Associates.

The article reports on the merger agreement between Fidelity National Information Services Inc. (FIS) and Certegy Inc. in the U.S. It offers information about the terms and conditions of the deal. After the issuance of Certegy stock to FIS shareholders, current Certegy shareholders own approximately 68 percent of the combined entity.

The article reports development related to dividends and stock split in the financial services industry in the U.S. The board of director of Old Republic International Corp. have decided to pay special dividend and stock split. Impac Mortgage Holdings delayed a meeting of their board members to decide its fourth-quarter dividend plans. New York Mortgage Trust will pay a cash dividend to stockholders of record as of January 6, 2006.

Reports on the acquisition of credit card provider Providian Financial Corp. by Washington Mutual Inc. in the U.S. Amount received by Providian stockholders; Date of the deal closure; Terms of the deal; Notes offered by Providian.

Reports on the rating for Federal National Mortgage Association's (Fannie Mae) stock by the analysts at A.G. Edward & Sons in the U.S. Role of Fannie Mae in the large and politically sensitive residential mortgage market; Capability of delivering attractive returns on shareholders' equity; Impact of regulatory reform on the commercial and mortgage banking industry.

Reports on the approval of reverse stock split of First Chesapeake Financial Corp. by its board for its common stock in Florida. Expectation of the company regarding the share price after the approval of reverse split by the board; Meeting to be called by the company to obtain further approval of the reverse split from its common stockholders.

The article discusses the report "The State of the Financial Services Industry 2017: Transforming for Future Value". Topics discussed include comments from John Lester of consulting firm Oliver Wyman, regarding digital strategy that fuels shareholder equity, partnering with other providers to offer services for customers and Goldman Sachs' Marquee platform that provide access to the global investment bank's proprietary analytics.

The article examines means by which U.S. banks are raising bank capital. Banks which are offered debt-based securities such as convertible debentures to investors, including Community West Bancshares of Goleta, California, are discussed. Although this form of financing is costly for the banks, it avoids diluting the share values held by current stockholders.

The article discusses the case filed by the U.S. Securities and Exchange Commission (SEC) against Bank of America Corp. for allegedly misleading shareholders when they voted to acquire Merrill Lynch filed in August 2009. The settlement, rejected by the federal court included a permanent injunction on future violations and a fine of 33 million U.S. dollar. The author believes a re-negotiation under court supervision and aimed at preventing recurrence is a better option.

The article reports on the disposition of Tampa, Florida-based nFinanse Inc. on the practicability of their13 million dollars shareholders' equity for prepaid card providers to maintain a good balance sheet. According to Jerry Welch, chief executive officer (CEO) of nFinance, the move is significant to them having put this kind of equity in the company. The plan of nFinance to offer Visa-branded, reloadable prepaid cards issued by Palm Desert National Bank is cited.

The article reports that the Federal Home Loan Bank of Seattle ran out of retained earnings. Commentary is provided by Brian Harris, an analyst with Moody's Investors Service. Other topics include deterioration in the housing market and investors in the bank who may hold onto their investment in the bank in the hope that shares will regain their $100 par value.

The article reports on the regulatory capital rules by the Federal Reserve bank for banks with nontraditional institutional investors such as limited liability corporations or partnerships holding controlling interests. Topics discussed include holding of "common equity Tier 1" stock by state member banks, bank holding companies and loan companies, equity stock in partnerships, and regulation regarding CET1 while mandatory capital distribution or unequal sharing of losses.

The article discusses six lessons to be learned by financial executives of public companies for enhancing shareholder values. It is stated that once they acquire a company, the need to evaluate its individual business units and portfolio to determine where to invest, hold or divest. It is said that to be effective, portfolio evaluation needs to be an ongoing process by determining where each business falls. Also include long-term value management and capital structure optimization.

A division of the payments firm ACI Worldwide will pay $185,000 to California authorities to resolve allegations that it violated numerous state licensing requirements. [ABSTRACT FROM AUTHOR]

The OTC Markets Group has opened up its community bank marketplace to privately held institutions, offering a chance for investors to monetize their holdings without selling the bank. [ABSTRACT FROM AUTHOR]

Porter Bancorp in Louisville, Ky., is rearranging some of its capital with an eye toward improving common equity and perhaps making its pursuit of additional funds easier. [ABSTRACT FROM AUTHOR]

The article offers information on the analysis done on 20 publicly traded, U.S.-based annuity companies by the financial rating agency in the U.s. A.M. Best which reveals the increased ability and willingness of company management to return excess capital to shareholders. Topics discussed include returning of capital through share repurchases and cash dividend payouts, returning of more than 33 billion dollar to investors, and showing increased profitability from life insurers.

The article focuses on the MoneyFund Report of iMoneyNet.com which states that tax-exempt money market funds has regained more than half of the outflows as $1.92 billion of net new cash boosted total net assets to $266.64 billion in the week ending in September 9, 2014. It states that the seven-day simple yield for the 421 reporting tax-exempt money funds was steady at 0.01%. It adds that the maturity average of the seven-day simple yield for the 1,022 reporting money funds was held at 0.01%.

The article offers news briefs related to credit unions (CUs) in the U.S. as of January 21, 2013. CU Direct Corp. pays its owners with $1.5 million dividend for 2012 and has signed new contract agreements with other credit unions. The tickets for the 25th Annual Dinner Presenting the Herb Wegner Memorial Awards led by National Credit Union Foundation on February 25, 2013 are already on sale. Metro CU expands its firm to suburban cities in Boston, Massachusetts with a deal to acquire FenWal CU.

The article reports that Flagstar Bancorp Inc. raised $300 million in capital in a rights offering, only 60 percent of its goal of $500 million. Almost all of the capital raised came from funds invested by the company's controlling stockholder, the private equity firm MatlinPatterson Global Advisors LLC.

The article discusses the desire of Wells Fargo & Co. to repay the U.S. government the bailout funds it received under the U.S. Troubled Asset Relief Program. The author notes that Wells Fargo continues to hold $5 billion in debt as of December 2009 which it owes to Prudential Financial Inc., thus hindering the ability of the company to repay the bailout funds without potentially harming shareholder interests.

The article reports that prepaid card provider nFinanSe Inc. has raised 12.2 million dollars in shareholders' equity by the sale of preferred stock and warrants convertible to common stock. Chief executive officer Jerry Welch said that the equity helps the company maintain a good balance sheet as it grow along with the prepaid card industry. The company plans to begin offering Visa-branded, reloadable prepaid cards issued by Palm Desert National Bank.

The article reports that Banco Santander SA of Spain has set a stock price for its acquisition of Sovereign Bancorp Inc. Stockholders of Sovereign will receive $2.58 a share from the bank based on Banco Santander's current U.S. price of $8 a share.

This article discusses an 11 billion dollar stock offering organized by the bank Wells Fargo & Co. The difficulty of timing this stock offering during a financial crisis that has resulted in a volatile market is assessed. The fact that Wells managed to raise enough capital to finance much of their purchase of Wachovia Corp. is noted.

The article discusses the class action lawsuit filed by the stockholders against Alliance Data Systems Corp. It mentions that the company is paying the plaintiffs for their attorney fees to settle this issue. It explains this lawsuit was filed in response to an acquisition agreement Alliance Data reached with Blackstone Capital Partners, who backed out of the proposed purchase.

The article reports that FNB Corp. of Virginia won stockholders' approval of its proposed merger with Virginia Financial Group Inc. after a bitter stockholders' meeting with took two days. A dissident group of stockholders maintained that a recent fall in the latter company's stock price meant FNB was assuming too much of the merger's costs.

The article reports that financial services provider State Street Corp. has completed its purchase of financial services company Investors Financial Services Corp. Shareholders in Investors Financial Services will receive nearly a full share of common stock for each of their shares. Joseph L. Hooley, vice chairman at State Street, expects the integration of Investors Financial customers to State Street's platform to be complete in eighteen months.

This article reports that former U.S. Securities and Exchange Commission Chairman Richard C. Breeden is seeking a place on the board of H&R Block. Breeden is the chairman and chief executive officer of his own private equity firm, Breeden Capital Management LLC and he believes that H&R Block's banking, brokerage and lending businesses have diminished value for shareholders.

The article reports that Greater Atlantic Financial Corp. of Reston, Virginia has failed to maintain the minimum $10 million in shareholders' equity required for continued listing on the NASDAQ Global Market. NASDAQ suspended trading of Greater Atlantic stock on February 20, 2007. Previously, Greater Atlantic had warned shareholders that shareholder equity had fallen $1.5 million short of the NASDAQ minimum, and that it had failed to file timely reports for 2006's second and third quarters.

Reports that Samsung Electronics Co. and three other stockholders agreed to a bailout of Samsung Card Co. for the second time in less than a year to keep the company in business. Reasons why Samsung Card is seeking help; Breakdown of the contributions to Samsung Card from Samsung Electronics, Samsung Life Insurance Co., Samsung Electro-Mechanics Co. and Samsung Corp.; Percentage of overall shares owned by each entity.

Reports that QCR Holdings, Inc. of Moline Illinois plans to issue 260,000 shares to certain stockholders to help fund the creation of a banking subsidiary. Placement which would price each share of common stock at $19.50; How the proceeds will help establish the Rockford Bank & Trust Company which will be the third subsidiary of QCR.

Reports that Sky Financial Group Inc. of Bowling Green, Ohio has agreed to buy Prospect Bancshares of Worthington for $46.9 million in cash and stock. How the deal will more than double Sky's market share in the Columbus market; Details of the offering and what it means for shareholders.

States Webster Financial Corp. will pay $33 million for First City Bank in Connecticut. Number of branch offices that Webster and First City have in Hartford County; Outlook for Webster to expand into New York, Massachusetts, and Rhode Island; How the deal benefits Webster in terms of net income; Benefits to First City shareholders.

Axa Financial Inc. said that stockholders of New York-based Mony Group voted to accept Axa's purchase offer in a special meeting on Tuesday. Under terms of the deal, Axa is to buy 100% of Mony, a financial services company that sells protection, accumulation, and retail brokerage products through advisory and wholesale distribution channels. The cash transaction is valued at about $1.5 billion. The deal is expected to close late this quarter or early in the third quarter. It calls for Mony stockholders to get $31 per share in cash, plus dividends of 33 to 35 cents from Mony.

Metris Cos. Inc. has restated earnings for 1998 through the third quarter of 2003. The subprime credit card issuer said on Tuesday that the restatements, which were expected, resulted in a $26 million drop in stockholder equity, to $875 million, as of September 30. Metris shares rose 14.7% on Wednesday, to $5.93. The Minnesota, Minneapolis company attributed the miscalculations to the way it quantifies retained interest in securitized loans.