Banks

DGAP-News: Notification of Stabilization Measures in accordance with Article 5 (4) lit. (b), (5), (6) of Reg. (EU) No 596/2014 and in accordance with Article 6 (2), (3) of the Com. Delegated Reg. (EU) 2016/1052

Retrieved on: 
Tuesday, August 3, 2021
Financial services, Banks, Banking, Berenberg Bank, Berenberg, Gossler family

Notification of Stabilization Measures in accordance with Article 5 (4) lit.

Key Points: 
  • Notification of Stabilization Measures in accordance with Article 5 (4) lit.
  • (EU) No 596/2014 and in accordance with Article 6 (2), (3) of the Com.
  • (EU) 2016/1052 (news with additional features)
    The issuer is solely responsible for the content of this announcement.
  • Berenberg, Gossler & Co. KG carried out following stabilisation measures:
    Price range in EUR within which stabilisation was carried out, for each of the dates:

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of BANCWEST INVESTMENT SERVICES CUSTOMERS

Retrieved on: 
Monday, August 2, 2021
Finance, Financial markets, Banks, United States securities law, Financial Industry Regulatory Authority, Stock market, Primary dealers, Securities fraud, United States Securities Regulation, BNP Paribas, Security, Arbitration

SAN FRANCISCO, Aug. 02, 2021 (GLOBE NEWSWIRE) -- National investor fraud law firm, KlaymanToskes (KT), commences an investigation of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (Northstar) purchased through Bancwest Investment Services, which is a subsidiary of BNP Paribass (BNPQY: U.S. OTC) Bank of the West.

Key Points: 
  • SAN FRANCISCO, Aug. 02, 2021 (GLOBE NEWSWIRE) -- National investor fraud law firm, KlaymanToskes (KT), commences an investigation of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (Northstar) purchased through Bancwest Investment Services, which is a subsidiary of BNP Paribass (BNPQY: U.S. OTC) Bank of the West.
  • In 2019, Northstar owner Greg Lindberg was indicted on federal wire fraud and bribery charges, and he is currently serving in prison after his conviction last year.
  • The sole purpose of this release is to investigate potential FINRA arbitration claims relating to Bancwest Investment Servicess sales practices concerning Northstar Financial Services (Bermuda).
  • KT is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters.

Newtek Business Services Corp. Hires Nicolas Young as Chief Risk Officer 

Retrieved on: 
Monday, August 2, 2021
Amiga, NewTek, IberiaBank, Companies, Banco Sabadell, Banks

BOCA RATON, Fla., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (Nasdaq: NEWT), an internally managed business development company (BDC), today announced that Mr. Nicolas Young has joined Newtek Business Services Corp. (Newtek or the Company) as Chief Risk Officer.

Key Points: 
  • BOCA RATON, Fla., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (Nasdaq: NEWT), an internally managed business development company (BDC), today announced that Mr. Nicolas Young has joined Newtek Business Services Corp. (Newtek or the Company) as Chief Risk Officer.
  • Mr. Young is a career C-level credit officer who, prior to joining Newtek, was Executive Vice President and Chief Credit Officer for IBERIABANK.
  • Earlier in his career, Mr. Young held the role of Executive Vice President and Chief Credit Officer Americas for Banco Sabadell Group, based in Miami, Florida.
  • Newtek and Your Business Solutions Company, are registered trademarks of Newtek Business Services Corp.

Transaction in Own Shares

Retrieved on: 
Monday, August 2, 2021
Banks, Finance, Financial services, Investment banks, Primary dealers, BNP Paribas, CAC 40

These share purchases form part of the Company's share buy-back arrangement previously announced on 29 July 2021.

Key Points: 
  • These share purchases form part of the Company's share buy-back arrangement previously announced on 29 July 2021.
  • In respect of this arrangement, Exane BNP Paribas will make trading decisions in relation to the Companys securities independently of the Company for a period from 29 July 2021 up to and including 29 December 2021.
  • In accordance with EU MAR and UK MAR, a full breakdown of the individual trades made by Exane BNP Paribas on behalf of the Company as a part of the buy-back arrangement is detailed below.
  • LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70

Glacier Bancorp, Inc. Appoints Board Member

Retrieved on: 
Friday, July 30, 2021
Finance, Companies, Banks, Primary dealers, Hormaechea, Glacier Bancorp, Corporate governance, Kalispell, Montana, UBS

KALISPELL, Mont., July 30, 2021 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc.s (NASDAQ: GBCI) Board of Directors and its wholly owned subsidiary Glacier Bank announce the appointment of Michael B. Hormaechea as a Director of the Company and Glacier Bank, effective September 1, 2021.

Key Points: 
  • KALISPELL, Mont., July 30, 2021 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc.s (NASDAQ: GBCI) Board of Directors and its wholly owned subsidiary Glacier Bank announce the appointment of Michael B. Hormaechea as a Director of the Company and Glacier Bank, effective September 1, 2021.
  • Mr. Hormaechea was also appointed to the Companys Audit, Compensation, Compliance, Nominating/Corporate Governance, and Risk Oversight Committees.
  • Michael B. Hormaechea is the manager of Hormaechea Development LLC and has over 25 years of leadership in the real estate development industry for residential, commercial resort and mixed-use projects.
  • He currently serves as a director for Mountain West Bank, a division of Glacier Bank.

IFC, McCormick & Company, and Citi Establish Sustainability-Linked Financing Partnership

Retrieved on: 
Monday, August 2, 2021
Environment, Finance, Consulting, Transport, Banking, Professional services, Logistics, Supply chain management, Agriculture, Natural Resources, Other Professional Services, Supply chain management, Citigroup, Midtown Manhattan, Subprime mortgage crisis, Supply chain, Economy of New York City, Banks, Companies, IFC, McCormick & Company, Citi, IFC, MCCORMICK & COMPANY, CITI

Under the initiative, suppliers can qualify for discounted rates on short-term working capital financing when they meet sustainability standards accepted by McCormick.

Key Points: 
  • Under the initiative, suppliers can qualify for discounted rates on short-term working capital financing when they meet sustainability standards accepted by McCormick.
  • At McCormick, were committed to doing whats right for people, communities, and the planet we share.
  • This innovative partnership between McCormick and IFC leverages Citis global Supplier Finance offering.
  • Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions.

Axos Financial, Inc. Closes E*TRADE Advisor Services Acquisition

Retrieved on: 
Monday, August 2, 2021
Consulting, Banking, Professional services, Finance, Finance, Financial services, Banks, Online banks, Axos Bank, Axos Financial, Financial adviser, Registered Investment Adviser, Morgan Stanley, Axus

Axos Financial, Inc. (NYSE: AX) (Axos or the "Company), parent of Axos Bank, announced today that it has closed its acquisition of E*TRADE Advisor Services (EAS), the registered investment advisor (RIA) custody business Morgan Stanley acquired in its acquisition of E*TRADE Financial Corporation in 2020.

Key Points: 
  • Axos Financial, Inc. (NYSE: AX) (Axos or the "Company), parent of Axos Bank, announced today that it has closed its acquisition of E*TRADE Advisor Services (EAS), the registered investment advisor (RIA) custody business Morgan Stanley acquired in its acquisition of E*TRADE Financial Corporation in 2020.
  • EAS has been rebranded Axos Advisor Services and operates as the RIA custody business within Axos Clearing LLC.
  • Axos Financial, Inc. is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos Bank is a nationwide bank, with approximately $14.3 billion in assets, that provides consumer and business banking products through its low-cost distribution channels and affinity partners.
  • provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents and digital investment advisory services to retail investors, respectively.

Team, Inc. Becomes The Exclusive Provider Of Credosoft Integrity Mangement In North America

Retrieved on: 
Monday, August 2, 2021
Finance, Banks, Financial services, Subprime mortgage crisis, UBS, Warburg family

"We are excited to strengthen our relationship with Credosoft, a premier global provider of integrity management software," said Robert Young, TEAM's President of Asset Integrity and Digital Group.

Key Points: 
  • "We are excited to strengthen our relationship with Credosoft, a premier global provider of integrity management software," said Robert Young, TEAM's President of Asset Integrity and Digital Group.
  • The Credosoft service offerings provides TEAM, a stable, subscription-based revenue profile and further positions the company to be a leading provider of integrated digitally-enabled asset integrity solutions in a variety of end markets."
  • "TEAM is the perfect partner to further help our expansion to North America," said John McAteer, Credosoft's Chief Executive Officer.
  • There are multiple clients currently utilizing the Credosoft platform for integrity monitoring services in North America.

Pretium Adds Residential Credit Expertise with Three Executive Hires

Retrieved on: 
Monday, August 2, 2021
Goldman Sachs, Subprime mortgage crisis, Banks, Economy of New York City, Finance

NEW YORK, Aug. 2, 2021 /PRNewswire/ --Pretium, a specialized investment management firm focused on residential real estate, residential credit and corporate credit with $26 billion in assets, today announced that Sarah Kong, Andrew Miller and Peter Morreale have joined the firm as Managing Directors.

Key Points: 
  • NEW YORK, Aug. 2, 2021 /PRNewswire/ --Pretium, a specialized investment management firm focused on residential real estate, residential credit and corporate credit with $26 billion in assets, today announced that Sarah Kong, Andrew Miller and Peter Morreale have joined the firm as Managing Directors.
  • "We are pleased to welcome these three uniquely talented and highly proven senior professionals to our team," said Don Mullen, CEO and Founder of Pretium.
  • Ms. Kong joins Pretium's Residential Credit team from Goldman Sachs where she spent 15 years in the firm's mortgage business.
  • Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers.

Transaction in Own Shares

Retrieved on: 
Friday, July 30, 2021
Banks, Finance, Financial services, Investment banks, Primary dealers, BNP Paribas, CAC 40

These share purchases form part of the Company's share buy-back arrangement previously announced on 29 July 2021.

Key Points: 
  • These share purchases form part of the Company's share buy-back arrangement previously announced on 29 July 2021.
  • In respect of this arrangement, Exane BNP Paribas will make trading decisions in relation to the Companys securities independently of the Company for a period from 29 July 2021 up to and including 29 December 2021.
  • In accordance with EU MAR and UK MAR, a full breakdown of the individual trades made by Exane BNP Paribas on behalf of the Company as a part of the buy-back arrangement is detailed below.
  • LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70