Keefe, Bruyette & Woods Inc. announced this week it will be making changes to its bank and mortgage finance indices.
Effective prior to the opening of business on Monday, Aug. 30, Citigroup Inc. will undergo an increase in shares to account for the shares sold by the U.S. Treasury.
In addition, NewAlliance Bancshares Inc. will be deleted from the KBW Mortgage Finance Index due to its announced merger with First Niagara Financial Group Inc.
Radian Group Inc. will replace NewAlliance Bancshares.
SOURCE: Keefe, Bruyette & Woods Inc.