Press release content from Business Wire. The AP news staff was not involved in its creation.
Ameriprise Financial to Acquire BMO’s EMEA Asset Management Business
April 12, 2021 GMT
MINNEAPOLIS, BOSTON & LONDON (BUSINESS WIRE) Apr 12, 2021
Ameriprise Financial, Inc. (NYSE: AMP) today announced that it has signed a definitive agreement with BMO Financial Group (BMO) to acquire its EMEA asset management business for £615 million, or approximately $845 million. The all-cash transaction adds $124 billion of AUM in Europe and is currently expected to close in the fourth quarter of 2021, subject to regulatory approvals in the relevant jurisdictions.
ADVERTISEMENT
The acquisition will further accelerate Ameriprise’s core strategy of growing its fee-based businesses and increase the overall contribution of Wealth Management and Asset Management within its diversified business. Together with BMO’s EMEA asset management business, Ameriprise will have more than $1.2 trillion of as
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
CIB Marine Bancshares, Inc. Announces First Quarter 2021 Results
CIBM BankApril 12, 2021 GMT
BROOKFIELD, Wis., April 12, 2021 (GLOBE NEWSWIRE) CIB Marine Bancshares, Inc. (the “Company” or “CIBM”) (OTCQB: CIBH), the holding company of CIBM Bank, announced its unaudited results of operations and financial condition for the first quarter of 2021.
Net income for the quarter ended March 31, 2021, was $2.1 million or $1.67 basic and $0.97 diluted earnings per share, compared to $0.8 million or $0.63 basic and $0.36 diluted earnings per share for the same period of 2020.
Financial highlights for the quarter include:
Press release content from Business Wire. The AP news staff was not involved in its creation.
Franklin Templeton Launches Corporate Social Responsibility Report
April 12, 2021 GMT
SAN MATEO, Calif. (BUSINESS WIRE) Apr 12, 2021
Franklin Templeton has launched its Corporate Social Responsibility (CSR) Report in recognition of the firm’s long-standing belief that being a responsible corporate citizen is vital to the long-term sustainability of its business, in addition to the well-being of the communities in which its employees live and work. Franklin Templeton has established specific goals for fiscal year 2021 focused on three areas: environmental, social and governance (ESG) investing; the environment; and diversity and inclusion (D&I).
Press release content from Business Wire. The AP news staff was not involved in its creation.
Merchants & Marine Bank Launches Residential Mortgage Division
April 12, 2021 GMT
PASCAGOULA, Miss. (BUSINESS WIRE) Apr 12, 2021
At its annual shareholders meeting on April 1st, Merchants & Marine Bank announced the creation of Canvas Mortgage, a new residential mortgage banking division. Canvas Mortgage will operate as a standalone division of the bank and serve the bank’s trade area of Mississippi and the Alabama Gulf Coast as well surrounding communities.
The new mortgage division will be led by Jonathan Shows and Sharon Rice, two of the region’s most accomplished residential mortgage leaders. Shows will serve as President, Mortgage Production, and Rice will be President, Mortgage Operations. Shows and Rice will be supported by a talented team of mortgage loan originators, underwriters and compliance officers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
United Arab Emirates (UAE) Cards and Payments Market Opportunities and Risks Report 2021-2024 - ResearchAndMarkets.com
April 12, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 12, 2021
‘United Arab Emirates (UAE) Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the Emirati cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2016-20e).
ADVERTISEMENT
The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2020e-24f). It also offers information on the country’s competitive landscape, including t