Shares of Deutsche Bank AG (USA) (NYSE:DB) ended Tuesday session in green amid volatile trading. The shares closed up +0.07 points or 0.59% at $11.92 with 17.15 million shares getting traded. Post opening the session at $11.59, the shares hit an intraday low of $11.57 and an intraday high of $11.97 and the price vacillated in this range throughout the day. The company has a market cap of $16.17 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.
In addition to specializing in administering cross-border equity structures such as American and global depositary receipts, Issuer Services provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.
Shares of Radian Group Inc (NYSE:RDN) ended Tuesday session in green amid volatile trading. The shares closed up +0.03 points or 0.22% at $13.55 with 1.63 million shares getting traded. Post opening the session at $13.45, the shares hit an intraday low of $13.43 and an intraday high of $13.63 and the price vacillated in this range throughout the day. The company has a market cap of $2.89 billion and the numbers of outstanding shares have been calculated to be 214.36 million shares.
On September 8, 2016 Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (RDN), now offers Radian MI for non-delegated data and document submission through a direct integration with the Ellie Mae’s Encompass® all-in-one mortgage management solution. The seamless integration allows lenders to access Radian’s solutions directly through Encompass to drive quality and efficiency in the loan origination process.
This integration allows Radian MI to be offered for non-delegated loans directly through Encompass. The integration will streamline the loan origination process for both Radian and Ellie Mae customers, by allowing them to order Radian MI for non-delegated loans, upload loan documents and get real time rate quotes directly via one simple process.
Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass all-in-one mortgage management solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.
“At Radian, we are always working to accomplish one of our top priorities – making it easier than ever to do business with us,” said Brien McMahon, Radian’s chief franchise officer and head of sales. “Our secure, seamless integration with Encompass enables our clients to simplify the process of ordering our products and services, so they can more efficiently process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae.”