BRIEF-Xenith Bankshares reports Q1 earnings per share $0.24
* Xenith Bankshares- net interest income after provision for loan losses was $24.84 million for three months ended march 31, 2017 compared to $14.79 million
NEW YORK Dec 8 The U.S. municipal bond market shrank slightly to $3.831 trillion in the third quarter from a revised $3.838 trillion in the second quarter, according to a quarterly report from the Federal Reserve released on Thursday.
Households, or retail investors, held $1.591 trillion of muni bonds compared with $1.598 trillion the previous quarter.
Property and casualty insurance companies bought $19 billion of munis in the third quarter after a revised $1.9 billion of acquisitions in the second quarter. Life insurance companies added $7.6 billion to their muni holdings, while U.S. banks picked up $40 billion.
U.S mutual funds bought $75.9 billion of munis in the third quarter, and exchange-traded funds added $6.2 billion.
Foreign owners bought $14 billion of muni bonds. Their third quarter holdings were $93.3 billion, the highest level on record. (Reporting by Hilary Russ)
NEW YORK, April 26 The loss of a multi-billion dollar contract with Anthem Inc comes with a silver lining for some shareholders of Express Scripts Holding Co : a higher likelihood that the pharmaceutical benefits manager (PBM) gets scooped up in a deal.