Subprime mortgage crisis

New Jersey Resources Schedules Fiscal 2020 Third-Quarter Earnings Call

Retrieved on: 
Monday, July 20, 2020
Utilities, Energy, Finance, Companies, Money, Primary dealers, Subprime mortgage crisis, New York Stock Exchange, fis, UBS

New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2020 third-quarter earnings results on Friday, August 7, 2020, at 10 a.m.

Key Points: 
  • New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2020 third-quarter earnings results on Friday, August 7, 2020, at 10 a.m.
  • President and Chief Executive Officer Steve Westhoven and Chief Financial Officer Pat Migliaccio will present an overview of NJRs financial and operational performance for the third quarter of fiscal 2020.
  • Scroll down and click Investor Information on the left side of the page, then select Events & Presentations and click on the webcast link.
  • New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Monday, July 20, 2020
Subprime mortgage crisis, Finance, Financial services, Companies, Primary dealers, Financial District, San Francisco, U.S. Bancorp, PNC Financial Services, Morgan Stanley, Goldman Sachs, Wells Fargo, Bank holding company

TORONTO, July 20, 2020 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05133 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, July 20, 2020 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05133 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable August 10, 2020 to shareholders on record as at July 31, 2020.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

Emclaire Financial Corp Reports Earnings for Second Quarter 2020

Retrieved on: 
Friday, July 17, 2020
Loans, Subprime mortgage crisis

The increase in interest income wasdriven by an $81.5 million increase in the average balance of loans outstanding as a result of record loan production during the first quarter and the addition of $51.9 million of PPP loans in the second quarter of 2020.

Key Points: 
  • The increase in interest income wasdriven by an $81.5 million increase in the average balance of loans outstanding as a result of record loan production during the first quarter and the addition of $51.9 million of PPP loans in the second quarter of 2020.
  • During the quarter ended June 30, 2020, the Corporation recognized $265,000 of interest income related to the PPP loans.
  • Of this $6.0 million increase, $5.1 million related to the downgrade of five commercial relationships after receipt of current financial information.
  • Book value per common share was $31.14 at June 30, 2020, compared to $30.14 at December 31, 2019.

Karora Delivers Another Strong Quarter With Gold Production of 24,078 ounces and June 30, 2020 Cash Balance of $50.2 Million

Retrieved on: 
Thursday, July 16, 2020
Subprime mortgage crisis, Higginsville, American International Group, Economy of New York City, Companies, New York City

Karora's consolidated cash balance increased to $50.2 million as at June 30, 2020, a 31% increase from $38.4 million on March 31, 2020.

Key Points: 
  • Karora's consolidated cash balance increased to $50.2 million as at June 30, 2020, a 31% increase from $38.4 million on March 31, 2020.
  • The improved cash balance is after payments into gold hedge agreements during the second quarter.
  • As of June 30, 2020, Karora is completely unhedged and will have full exposure to spot gold prices going forward.
  • In fact, this is our fourth straight quarter of strong, consistent gold production results since acquiring the Higginsville mill and mining operations in June of 2019.

AIG to Report Second Quarter 2020 Results on August 3, 2020 and Host Conference Call on August 4

Retrieved on: 
Thursday, July 16, 2020
Professional services, Insurance, Finance, Economy of New York City, New York City, American International Group, Subprime mortgage crisis, New York Stock Exchange, Companies

American International Group, Inc. (NYSE: AIG) will report financial results for the second quarter ended June 30, 2020 after the market closes on Monday, August 3, 2020.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) will report financial results for the second quarter ended June 30, 2020 after the market closes on Monday, August 3, 2020.
  • AIGs press release and financial supplement will be available in the Investors section of AIGs website at https://www.aig.com .
  • AIG will also host a conference call on Tuesday, August 4, 2020 at 8:00 a.m.
  • The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com .

Norwegian Cruise Line Holdings Ltd. Announces Offering of Ordinary Shares

Retrieved on: 
Thursday, July 16, 2020
Cruise lines, Finance, Companies, Investment, Primary dealers, Subprime mortgage crisis, Norwegian Cruise Line Holdings, Norwegian Cruise Line, Oceania Cruises, Goldman Sachs, UBS

MIAMI, July 16, 2020 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the Company) announced today that it has commenced an underwritten public offering of $250 million of ordinary shares of the Company (the Offering).

Key Points: 
  • MIAMI, July 16, 2020 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the Company) announced today that it has commenced an underwritten public offering of $250 million of ordinary shares of the Company (the Offering).
  • The Company intends to grant the underwriters an option to purchase up to $37.5 million of additional ordinary shares.
  • J.P. Morgan Securities, Citigroup, Goldman Sachs & Co. LLC, Barclays, Mizuho Securities and UBS Investment Bank are acting as joint book-running managers for the Offering.
  • About Norwegian Cruise Line Holdings Ltd.
    Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.

Shareholder Alert: Robbins LLP is Investigating the Officers and Directors of Fifth Third Bancorp (FITB) on Behalf of Shareholders

Retrieved on: 
Wednesday, July 15, 2020
Legal, Professional services, Economy of Pennsylvania, Fifth Third Bank, Companies, Regions of the United States, Economy of the United States, Subprime mortgage crisis, JPMorgan Chase, Great Recession in the United States, National Bank of Detroit

Shareholder rights law firm Robbins LLP informs shareholders that it is investigating Fifth Third Bancorp (NASDAQ: FITB) for potential material misstatements and violations of federal securities laws pursuant to its March 2019 acquisition of MB Financial, Inc. On March 21, 2018, Fifth Third Bancorp and MB Financial announced the signing of a merger agreement in which MB Financial would merge with Fifth Third in a transaction valued at approximately $4.7 billion, with shareholders of MB Financial receiving 1.45 shares of Fifth Third common stock and $5.54 in cash for each share of MB Financial common stock.

Key Points: 
  • Shareholder rights law firm Robbins LLP informs shareholders that it is investigating Fifth Third Bancorp (NASDAQ: FITB) for potential material misstatements and violations of federal securities laws pursuant to its March 2019 acquisition of MB Financial, Inc. On March 21, 2018, Fifth Third Bancorp and MB Financial announced the signing of a merger agreement in which MB Financial would merge with Fifth Third in a transaction valued at approximately $4.7 billion, with shareholders of MB Financial receiving 1.45 shares of Fifth Third common stock and $5.54 in cash for each share of MB Financial common stock.
  • The merger was completed on March 22, 2019.
  • Since the merger, shares of Fifth Third have declined precipitously, and it currently trades at around $18 per share.
  • If you received shares of Fifth Third Bancorp stock in the March 2019 acquisition, click here .

Local NC Mortgage Company Matches $50,000 in Donations During COVID-19 Crisis

Retrieved on: 
Wednesday, July 15, 2020
Fictional characters, Loans, Mortgage loan, Dash Parr, Fiction, Subprime mortgage crisis

Dash Home Loans' $50,000 donation match comes in the midst of the COVID-19 crisis, when many families are experiencing income uncertainty and concern about affordable housing.

Key Points: 
  • Dash Home Loans' $50,000 donation match comes in the midst of the COVID-19 crisis, when many families are experiencing income uncertainty and concern about affordable housing.
  • Dash Home Loans and CASA are committed to giving back to the local community, helping friends and neighbors get through tough times that have been made tougher by the recent COVID-19 crisis.
  • Dash's team challenges everyone to get involved and give back to their community and local businesses however they can.
  • Dash Home Loans is a local NC and SC mortgage company with offices in Charlotte and Raleigh, NC.

Mednow.ca Closes Successful $6.5M Seed Round Led by Gravitas Securities

Retrieved on: 
Wednesday, July 15, 2020
Finance, Financial services, Banking, Primary dealers, Subprime mortgage crisis, Investment banking, UBS, Investment banks

TORONTO, July 15, 2020 /PRNewswire-PRWeb/ --Virtual Pharmacy and Healthcare platform Mednow.ca announced today that it has closed an oversubscribed $6.5 million seed round, far exceeding its original $3 million target.

Key Points: 
  • TORONTO, July 15, 2020 /PRNewswire-PRWeb/ --Virtual Pharmacy and Healthcare platform Mednow.ca announced today that it has closed an oversubscribed $6.5 million seed round, far exceeding its original $3 million target.
  • Gravitas Securities led the financing, putting together a robust virtual roadshow culminating in a strong strategic shareholder base.
  • Funds generated through this round of investment will allow the company to scale to all Canadian provinces.
  • Gravitas Securities Inc. (GSI) is a leading full service Investment Dealer providing customized Investment Banking services with a global distribution platform for all types of companies from offices in Toronto and Vancouver.

Anne Yang, Former Managing Director & Member of the Executive Office at Goldman Sachs, Joins Star Mountain as a Partner & Strategic Portfolio Manager

Retrieved on: 
Wednesday, July 15, 2020
Other Communications, Other Professional Services, Publishing, Legal, Small business, Public relations, Investor relations, Insurance, Marketing, Human resources, Advertising, Finance, Communications, Consulting, Banking, Accounting, Professional services, Social media, Search engine optimization, Search engine marketing, Blogging, Financial services, Banking, Finance, Goldman Sachs, Subprime mortgage crisis, Investment banking

Star Mountain Capital , LLC ("Star Mountain"), an investment manager focused exclusively on the large and underserved U.S. lower middle-market, is pleased to announce that Anne Yang has expanded her role from Senior Advisor to Partner & Strategic Portfolio Manager.

Key Points: 
  • Star Mountain Capital , LLC ("Star Mountain"), an investment manager focused exclusively on the large and underserved U.S. lower middle-market, is pleased to announce that Anne Yang has expanded her role from Senior Advisor to Partner & Strategic Portfolio Manager.
  • Anne has extensive advisory and investment experience from a career at some of Wall Streets leading asset management and investment banking institutions.
  • She will help us provide additional large market expertise to the established small and medium-sized private businesses we invest in.
  • Ms. Yang was a Managing Director in the Mergers & Acquisition Group and member of the Executive Office at Goldman Sachs.