Wells Fargo & Co's profits increased however its mortgage banking income had fell, said a Reuters report.
Investors
Barclays aids Detroit with lifeline financing
The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.
Wall Street hopeful on debt solution in Washington
US stocks rose last Friday as investors were hopeful for the government to reach an agreement over the weekend to end the partial deadlock of the US government.
Brazil probes Google over antitrust charges
Brazilian antitrust regulators had been investigating Google over alleged anticompetitive practices by Microsoft Corp and Brazilian rivals.
Catapult Group formed from consortium of funds and groups of companies
The Catapult Group provides service and administrative support for contract affiliates. The most recent fund of the Natural Gas Partners, NGP Natural Resources X LP as well as NGP Energy Technology Partners LP had pledged significant capital commitments in order to establish the Catapult Group.
Latest News
In an announcement, after completion of a previous second lien loan, Bacchus Capital Management exits Bob Lundquist's Quepe Wines.
BlackBerry's co-founders had showed interest in acquiring the struggling smartphone manufacturer, said a report by The Economic Times.
Cambridge Innovation Capital (CIC) launched a GBP50 million fund to place investments in help the development of ideas of companies and startups, said a TechCruch report.
Stonegate Mortgage Corp raised USD 114 million in funds in its New York IPO. Stonegate Mortgage Corp was able to raise USD 114 million in its initial public offering in New York.
In its second largest acquisition in the past six months, KKR had acquired 30% of India's Gland Pharma for USD150 million.
Mitsubishi UFJ Trust and Banking Corp announced the completion of its acquisition of Butterfield Fulcrum Group, now known as Mitsubishi UFJ Fund Services.
Victory Park Capital sold its portfolio company Ascent Aviation Services Corp to LongueVue Capital Partners.
Technology giant would be making a USD 103 million investment in Silver Ridge Power's Mount Signal Solar project.
Samsung Electronics Co Ltd issued a statement to deny reports of its acquisition of Fingerprint Cards AB for USD650 million.
