Subprime mortgage crisis

RMR Mortgage Trust Announces Second Quarter 2021 Results

Retrieved on: 
Tuesday, August 3, 2021
REIT, Finance, Professional services, Commercial Building & Real Estate, Construction & Property, Finance, Banks, Financial services, Subprime mortgage crisis, Primary dealers, UBS, Warburg family

During the quarter ended June 30, 2021, UBS AG advanced approximately $49.2 million to RMRM under its master repurchase facility.

Key Points: 
  • During the quarter ended June 30, 2021, UBS AG advanced approximately $49.2 million to RMRM under its master repurchase facility.
  • On July 15, 2021, RMRM declared a quarterly distribution of $0.15 per common share for the second quarter of 2021, or approximately $1.5 million in aggregate, to shareholders of record on July 26, 2021.
  • At 10:00 a.m. Eastern Time on Wednesday, August 4, 2021, President, Tom Lorenzini, and Chief Financial Officer and Treasurer, Doug Lanois , will host a conference call to discuss RMRMs second quarter 2021 financial results.
  • A copy of RMRMs Second Quarter 2021 Supplemental Operating and Financial Data is available for download at RMRMs website, www.rmrmortgagetrust.com .

Rockwell Automation Announces Notes Offering

Retrieved on: 
Tuesday, August 3, 2021
Manufacturing, Electronic design automation, Technology, Engineering, Software, Companies, Banks, Finance, Goldman Sachs, Subprime mortgage crisis, Plex Systems, Prospectus, Rockwell Automation, Wells Fargo

Rockwell Automation, Inc. (NYSE: ROK) today announced that it is offering three series of its notes, subject to market and other conditions.

Key Points: 
  • Rockwell Automation, Inc. (NYSE: ROK) today announced that it is offering three series of its notes, subject to market and other conditions.
  • Rockwell Automation intends to use the net proceeds it receives from this offering to partially fund the purchase price in its anticipated acquisition of Plex Systems.
  • BofA Securities, Inc., Goldman Sachs & Co. LLC, Loop Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
  • The offering of securities may be made only by means of a prospectus supplement and accompanying prospectus.

Home Financial Bancorp Announces Fourth Quarter and Year-End Results

Retrieved on: 
Tuesday, August 3, 2021
Banking, Professional services, Finance, Agencies of the United States government, Bank regulation in the United States, Federal Deposit Insurance Corporation, Regions of the United States, Economy of the United States, Primary dealers, Subprime mortgage crisis, Silver State Bank, U.S. Bancorp

Home Financial Bancorp (Company) (OTCPink: HWEN), an Indiana corporation which is the holding company for Our Community Bank, (Bank) based in Spencer, Indiana, announces unaudited results for the fourth quarter and twelve months ended June 30, 2021.

Key Points: 
  • Home Financial Bancorp (Company) (OTCPink: HWEN), an Indiana corporation which is the holding company for Our Community Bank, (Bank) based in Spencer, Indiana, announces unaudited results for the fourth quarter and twelve months ended June 30, 2021.
  • No provisions for loan losses were recorded during fourth quarter 2021, compared to $15,000 for the same period a year earlier.
  • Home Financial Bancorp and Our Community Bank, an FDIC-insured, Indiana stock commercial bank, operate from headquarters in Spencer, Indiana, and a branch office in Cloverdale, Indiana.
  • Additional information concerning Home Financial Bancorp and its subsidiaries is available at www.hfbancorp.com or www.ocbconnect.com .

Morgan Stanley Investment Management Raises $1.6 billion for North Haven Credit Partners III

Retrieved on: 
Tuesday, August 3, 2021
Banking, Professional services, Finance, Finance, Financial services, Primary dealers, Money, Subprime mortgage crisis, House of Morgan, Mitsubishi UFJ Financial Group, Morgan Stanley, Investment banking, Wealth management, Investment management, J.P. Morgan & Co.

Morgan Stanley Investment Management today announced that it has raised $1.6 billion for North Haven Credit Partners III (NHCP III or the Fund), exceeding its original fundraising target by 29%.

Key Points: 
  • Morgan Stanley Investment Management today announced that it has raised $1.6 billion for North Haven Credit Partners III (NHCP III or the Fund), exceeding its original fundraising target by 29%.
  • Morgan Stanley Private Credit, part of Morgan Stanley Investment Management, is a private credit platform focused on direct lending and opportunistic private credit investment in North America and Western Europe.
  • Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
  • Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services.

Noah Holdings Limited to Announce Second Quarter 2021 Financial Results on Tuesday, August 17, 2021

Retrieved on: 
Tuesday, August 3, 2021
Finance, Investment, Financial services, Institutional investors, Primary dealers, Subprime mortgage crisis, CDH Investments

Noah Holdings Limited (NYSE: NOAH, BBB-) is a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors.

Key Points: 
  • Noah Holdings Limited (NYSE: NOAH, BBB-) is a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors.
  • In the first quarter of 2021, Noah distributed RMB27.1 billion (US$4.1 billion) of investment products.
  • Through Gopher Asset Management, Noah had assets under management of RMB154.1 billion (US$23.5 billion) as of March 31, 2021.
  • Noah's wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies.

Owl Rock Capital Corporation Announces Appointment of Jonathan Lamm as Chief Financial Officer

Retrieved on: 
Tuesday, August 3, 2021
Economy of New York City, Primary dealers, Subprime mortgage crisis, New York Stock Exchange, Finance, Ottawa Rape Crisis Centre, Lamm, Goldman Sachs, Banks

NEW YORK, Aug. 3, 2021 /PRNewswire/ -- Owl Rock Capital Corporation (NYSE: ORCC) ("ORCC") today announced that it has appointed Jonathan Lamm as its Chief Financial Officer and Chief Operating Officer, effective September 1, 2021.

Key Points: 
  • NEW YORK, Aug. 3, 2021 /PRNewswire/ -- Owl Rock Capital Corporation (NYSE: ORCC) ("ORCC") today announced that it has appointed Jonathan Lamm as its Chief Financial Officer and Chief Operating Officer, effective September 1, 2021.
  • From 2013 to 2021, Mr. Lamm served as Managing Director, Chief Operating Officer and Chief Financial Officer at GSAM Credit Alternatives.
  • From 2007 to 2013, Mr. Lamm served as Vice President, Chief Operating Officer and Chief Financial Officer at GSAM Credit Alternatives.
  • ORCC is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser that is an indirect subsidiary of Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and part of Owl Rock, a division of Blue Owl.

Milrose Consultants Appoints Domenick Chieco as Co-Chairman and Dominic Maurillo as CEO

Retrieved on: 
Tuesday, August 3, 2021
Primary dealers, Subprime mortgage crisis, Articles, Business, Banks, Chief operating officer, Corporate governance, Citigroup, Consulting firm, Morgan Stanley

In his new role as Co-Chairman of the Board of Directors, Mr. Chieco will join Co-Chairman Mr. Louis Milo in overseeing the strategic growth of Milrose.

Key Points: 
  • In his new role as Co-Chairman of the Board of Directors, Mr. Chieco will join Co-Chairman Mr. Louis Milo in overseeing the strategic growth of Milrose.
  • Mr. Maurillo joined Milrose in 2014 as COO and worked alongside Mr. Chieco and the other members of the leadership team to transform Milrose into a national, industry-leading real estate consulting firm.
  • Prior to his career at Milrose, Mr. Maurillo served as Global CAO of Distribution at Morgan Stanley Investment Management and as COO of CGCM funds at Citibank.
  • Milrose is a leading provider of building code compliance, fulfillment and consulting solutions to the Class A commercial real estate market.

BNY Mellon Wealth Management Names Daniel Gebhart Regional Director, Head of Portfolio Management in New England

Retrieved on: 
Tuesday, August 3, 2021
Finance, Financial services, Banks, Primary dealers, Subprime mortgage crisis, BNY Mellon, Mellon, UBS, Morgan Stanley, Wealth management, BNY Mellon Investment Management, CIBC Mellon

BOSTON, Aug. 3, 2021 /PRNewswire/ -- BNY Mellon Wealth Management has appointed Daniel Gebhart as Regional Director, Head of Portfolio Management in New England. He oversees the investment management, wealth planning and advice services for individuals, entrepreneurs, and endowments and foundations for the region, as well as providing direct leadership for the wealth managers. Daniel also serves as chairman of the region's Account Review Committee. He is based in Boston and reports to Vicary Graham, President of the New England Region.

Key Points: 
  • BOSTON, Aug. 3, 2021 /PRNewswire/ --BNY Mellon Wealth Management has appointed Daniel Gebhart as Regional Director, Head of Portfolio Management in New England.
  • Daniel joined BNY Mellon Wealth Management in 2000 from the firm's Pittsburgh office where he held a variety of roles.
  • Prior to joining BNY Mellon Wealth Management, Daniel held positions at PNC and Morgan Stanley.
  • BNY Mellon Wealth Management, which delivers leading wealth advice across investments, banking, custody, and wealth and estate planning, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation.

Stock Yards Bancorp to Participate in the KBW Virtual Community Bank Investor Conference

Retrieved on: 
Monday, August 2, 2021
Regions of the United States, Banks of the United States, Economy of the United States, U.S. Bancorp, Subprime mortgage crisis, JPMorgan Chase, First Bancorp

LOUISVILLE, Ky., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Cincinnati and Indianapolis metropolitan markets, today announced that James A.

Key Points: 
  • LOUISVILLE, Ky., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Cincinnati and Indianapolis metropolitan markets, today announced that James A.
  • Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.1 billion in assets, was incorporated in 1988 as a bank holding company.
  • It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904.
  • For more information about Stock Yards Bancorp, visit the Companys website at www.syb.com .

UBS Announces Completion of the Index Succession for Two ETNs

Retrieved on: 
Monday, August 2, 2021
Banking, Professional services, Finance, Finance, Investment, Money, Subprime mortgage crisis, UBS, Warburg family, Exchange-traded note, Alerian, the Wells Fargo® Business Development Company Index, the MVIS US Business Development Companies Index, ETRACS, UBS, THE WELLS FARGO® BUSINESS DEVELOPMENT COMPANY INDEX, THE MVIS US BUSINESS DEVELOPMENT COMPANIES INDEX, ETRACS, UBS

- the Initial Index Level of the ETN has been adjusted to be equal to the Index Closing Level of the Successor Index on the Effective Date, times an Adjustment Factor.

Key Points: 
  • - the Initial Index Level of the ETN has been adjusted to be equal to the Index Closing Level of the Successor Index on the Effective Date, times an Adjustment Factor.
  • UBS is not providing tax advice to holders of ETNs and such holders should consult with their tax advisors regarding the tax treatment of the ETNs.
  • The Original Index was publicly disseminated starting from January 2011 and has no live performance history prior to that date.
  • This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS").