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Stock rout deepens with banks leading latest drop

December 6, 2018 detroitnews Leave a Comment

Samuel Potter Bloomberg News Published 11:43 AM EST Dec 6, 2018 The sell-off in global stocks deepened, taking U.S. financial shares to a 15-month low, as concern mounted that the rate of global economic growth has peaked. Oil slid as OPEC ministers met in Vienna. The Dow Jones Industrial Average sank more than 600 points, European stocks headed for a two-year low and emerging-market equities sank almost 3 percent on bets that the truce between China and the U.S. won’t last after the arrest of Huawei’s chief financial officer. The 10-year Treasury yield plunged to the lowest since August amid a flood of buying on haven demand. Gold rose while industrial metals tumbled. The yuan dropped the most since October. The dollar slumped. “The biggest qualm is the trade war escalating and this is haunting the markets,” said Naeem Aslam, chief market analyst at Think Markets U.K. in London, in an email. “It is arduous to find bulls in the market and it seems … [Read more...] about Stock rout deepens with banks leading latest drop

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Houston’s Cadence Bancorporation merges with Atlanta bank

May 14, 2018 chron Leave a Comment

By Ileana Najarro Published 9:40 am, Monday, May 14, 2018 Photo: Billy Smith II, HC Staff Image 1of/1 CaptionClose Image 1 of 1 Cadence Bank at 1925 Hughes Landing Blvd. Suite 200 in the Woodlands, Texas, May 27, 2015. (Billy Smith II / Houston Chronicle) Cadence Bank at 1925 Hughes Landing Blvd. Suite 200 in the Woodlands, Texas, May 27, 2015. (Billy Smith II / Houston Chronicle) Photo: Billy Smith II, HC Staff Houston's Cadence Bancorporation merges with Atlanta bank 1 / 1 Back to Gallery Houston's Cadence Bancorporation, a regional bank holding company, will merge with Atlanta's State Bank Financial Corp. The combined organization has $16 billion in assets, $12 billion in loans, $13 billion in deposits and approximately 100 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi. "When … [Read more...] about Houston’s Cadence Bancorporation merges with Atlanta bank

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Houston banks Allegiance Bancshares and Post Oak Bancshares to combine in $350 million deal

May 1, 2018 chron Leave a Comment

By Collin Eaton Published 6:00 am, Tuesday, May 1, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-10', placement: 'Interstitial Gallery Thumbnails 10', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-12', placement: 'Interstitial Gallery Thumbnails 12', target_type: 'mix' }); _taboola.push({flush: true}); Photo: William Howell Image 1of/12 CaptionClose Image 1 of 12 Real currency can be identified by the raised lettering, … [Read more...] about Houston banks Allegiance Bancshares and Post Oak Bancshares to combine in $350 million deal

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Mississippi bank to purchase Houston’s Icon Bank

April 19, 2018 chron Leave a Comment

By Collin Eaton Updated 9:09 am, Thursday, April 19, 2018 Photo: Martin Mistretta, Contributor Image 1of/1 CaptionClose Image 1 of 1 tall stack of $100 dollar bills tall stack of $100 dollar bills Photo: Martin Mistretta, Contributor Mississippi bank to purchase Houston's Icon Bank 1 / 1 Back to Gallery A Mississippi bank led by a former Houston bank executive has struck a cash and stock deal to buy Houston's Icon Bank of Texas, an $800 million institution with seven local branches. The publicly traded BancorpSouth Bank of Tulepo, Mississippi said late Wednesday it plans to pay $17.5 million in cash and issue more than 4.1 million shares to acquire Icon. Dan Rollins, CEO of BancorpSouth, had served as president and chief operating officer of Houston's Prosperity Bank, the largest local publicly traded bank, … [Read more...] about Mississippi bank to purchase Houston’s Icon Bank

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Hayes man missing without mobile phone, bank card or Oyster card

April 10, 2018 robert Leave a Comment

An appeal has been launched for the public to help trace a 22-year-old from Hayes who has not been seen since Saturday (April 7). Satvir Singh was last seen leaving his home at around 8.30am, police said. He was wearing a red top, dark trousers and carrying a Sainsbury's shopping bag. Police believe Satvir does not have an Oyster card, bank card or mobile phone with him. He is known to frequent the Hayes area as well as Brunel University and Southall. Satvir's family are very concerned for his welfare and his disappearance has been described as being out of character. Police in Hillingdon are asking anyone who has seen Satvir Singh to contact them on 101. The charity Missing People has released a poster, which reads: "Satvir we are here for you whenever you are ready; we can listen, talk you through what help you need, pass on a message for you and help you to be safe." To get in touch with Missing People, call or text 116 000. Keep up to date with the latest news in west London via … [Read more...] about Hayes man missing without mobile phone, bank card or Oyster card

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