Shares of Deutsche Bank AG (USA) (NYSE:DB) ended Friday session in green amid volatile trading. The shares closed up +0.47 points or 3.18% at $15.26 with 9.89 million shares getting traded. Post opening the session at $15.33, the shares hit an intraday low of $15.18 and an intraday high of $15.43 and the price vacillated in this range throughout the day. The company has a market cap of $21.33 billion and the numbers of outstanding shares have been calculated to be 1.37 billion shares.
On September 9, 2016 Deutsche Bank announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt program of Lundin Petroleum AB (publ) (“Lundin Petroleum”).
Founded in 2001, Lundin Petroleum is a Swedish oil and gas exploration and production company focused on two core areas in Norway and Malaysia and also holds assets in France, the Netherlands and Russia. Lundin Petroleum has a balanced portfolio of assets with existing proven and probable reserves of 716 million barrels of oil equivalent as of end 2015. Lundin Petroleum is listed on NASDAQ Stockholm.
“We are delighted to be appointed as depositary bank for Lundin Petroleum’s Level 1 ADR program,” said Jose Sicilia, Head of Depositary Receipts, Issuer Services. “Deutsche Bank’s broad range of customized ADR related services will enhance Lundin’s visibility to the US investment community.”
Deutsche Bank’s Depositary Receipts team is part of the Issuer Services business within the Bank’s Global Securities Services unit.
Shares of Genworth Financial Inc (NYSE:GNW) ended Friday session in red amid volatile trading. The shares closed down -0.02 points or -0.41% at $4.88 with 8.86 million shares getting traded. Post opening the session at $4.88, the shares hit an intraday low of $4.81 and an intraday high of $4.98 and the price vacillated in this range throughout the day. The company has a market cap of $2.49 billion and the numbers of outstanding shares have been calculated to be 498.34 million shares.
On Aug. 17, 2016 Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (GNW), announced an expansion of its Homebuyer Privileges® program to include discounts for nearly 300,000 retailers nationwide, including Target, Costco, Sears Commercial and ADT, among others.
The enhanced program, unique to the industry, allows homebuyers to save up to $7,500 through a variety of retailer coupons. Loan Officers can extend these savings to homebuyers regardless of whether or not their loan includes private mortgage insurance from Genworth Mortgage Insurance. Homebuyers have up to 12 months to enroll in the program, and up to 12 months after enrolling to utilize the discounts.
“Our research shows that down payments are still the biggest obstacle to homeownership for many consumers,” said Rohit Gupta, President and Chief Executive Officer, Genworth Mortgage Insurance. “By expanding our Homebuyer Privileges program, our customers can offer even more savings that might allow prospective homebuyers to better control their costs and achieve their homeownership dreams sooner.”