On Thursday, Shares of Regions Financial Corporation (NYSE:RF), lost -0.94% to $10.57.
Regions Bank has the best reputation among top U.S. banks according to a newly released survey from advisory firm Reputation Institute and the American Banker Magazine.
Regions Bank has an “excellent” reputation ranking, as defined by the Reputation Institute, and received the highest score (83.26 out of 100 points) among customers in addition to the highest combined score among customers and noncustomers in the annual survey. Customers ranked Regions No. 1 in the Performance, Leadership and Workplace categories and among the top five in the Products & Services and Governance categories.
Regions Bank chairman, president and CEO Grayson Hall said: “We have built our company culture on a foundation of creating shared value — providing quality financial products, services and advice in a manner that benefits customers, associates, communities and shareholders. We are grateful for the opportunity to serve our customers and those in our communities and for their vote of confidence in this year’s Reputation Institute survey.”
The July issue of the American Banker Magazine provides readers with an in-depth look at the Reputation Institute survey and trends among U.S. banks. The cover story examines Regions’ culture and approach to serving its customers and communities.
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
Shares of Gener8 Maritime Inc. (NYSE:GNRT), declined -6.43% to $13.10, during its last trading session.
Gener8 Maritime, declared the pricing of its initial public offering of 15,000,000 shares of common stock at a price to the public of $14.00 per share, on Wednesday, June 24, 2015. The underwriters have also been granted an option to purchase up to 2,250,000 additional shares from Gener8 Maritime at the public offering price less underwriting discount and commissions. The offering is predictable to close on June 30, 2015, subject to customary closing conditions.
Citigroup Global Markets Inc., UBS Securities LLC, Jefferies LLC and Evercore Group L.L.C. are acting as joint book-running managers for the projected offering. DNB Markets Inc. and Skandinaviska Enskilda Banken AB (publ) are acting as senior co-managers. DVB Capital Markets LLC, ABN AMRO Securities (USA) LLC, Pareto Securities AS and Axia Capital Markets, LLC are acting as co-managers.
Gener8 Maritime Inc. provides international seaborne crude oil transportation services. As of May 8, 2015, it had a fleet of 46 vessels, counting 21 very large crude carrier (VLCC) newbuildings; and 25 vessels on the water, such as 7 VLCCs, 11 Suezmaxes, 4 Aframaxes, 2 Panamax tankers, and 1 Handymax tanker together comprising about 11 million deadweight tons with an average age of less than 5.5 years.
Finally, Infosys Ltd. (NYSE:INFY), ended its last trade with 2.35% gain, and closed at $16.13.
Infosys Limited, declared that it has accomplished the implementation of its Smart Oilfield Services Solution for SAP ERP at FTS International (FTSI), the largest private well completion company in North America , allowing the company to achieve a noteworthy milestone in its planned business transformation.
FTSI has grown rapidly since its inception. The company’s IT infrastructure, based on a series of legacy systems, required an overhaul to manage that growth and avoid keeping the company’s operations in silos. Within 14 months, Infosys assisted FTSI implement 15 SAP modules across 20 locations for over 1,400 users, thus enabling the company to improve its operating metrics and to leverage an upgraded IT platform for future growth.
Infosys Limited, together with its auxiliaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally. Its solutions comprise business information technology (IT) services comprising application development and maintenance, independent validation services, infrastructure administration, business process administration, and engineering services comprising of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
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