For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes In an agreement to settle claims with the Federal Housing Finance Agency, Wells Fargo agreed to pay less than USD1 billion to resolve the issue on the bank's alleged knowledge of the faulty nature of mortgage bonds sold to Fannie Mae and Freddie Mac.

Pumpmaker ITT is expanding both on the shareholder value side and on the operations side as demand for pumps had increased by half in the third quarter alone.

Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.

To gain foothold for mobile broadband adoption in Europe, AT&T is seeking to acquire major telecoms firms such as Vodafone in the near future.

Denmark's Waoo!, Sweden's Com Hem and the UK's Virgin Media are the latest additions to the Netflix galaxy of streaming partners.

Novaquest Capital Management lands USD459 million for its Fund III. NovaQuest Capital Management had announced the closure of NovaQuest Pharma Opportunities Fund III LP.

Alexander Mann Solutions was purchased for GBP260 million by private equity firm New Mountain Capital.

The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.

Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.

Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.

Staff-less branches is the future, according to Mashreq Bank CEO. In a move its CEO says would be a way of the future, Mashreq Bank had planned to open its first fully electronic branch without any staff by January.

Shareholders in the largest milk producer in China sold nearly 5.2% stake. A group of shareholders raised nearly HKD855. 4 million or USD110 million from the sale of 5.

The term sheet indicated a USD150 million note with a maturity of five years for Modern Land offered to the bond market.

Deutsche Bank China was granted an interbank bond settlement license. An interbank bond settlement agent license was obtained by Deutsche Bank China from the People's Bank of China.

The five year USD300 million Singaporean backed note is now bring priced at the higher range indicating high demand.

Firms stand to earn nearly USD50 million from the Twitter IPO. During the visit of Twitter to New York last week, executives of JP Morgan Chase & Co had mingled outside their offices with jackets emblazoned with the logo of the microblogging site.

BaFin had said they would review the whole transaction of RHJI purchase of BHF Bank. BaFin, the German financial watchdog, had announced last Wednesday it would be needing to start from scratch in the review of the sale of Deutsche Bank AG's unit BHF Bank after BlackRock had exited from the auction.

To provide credence to their power to fine, the Telecommunications Department had a legal opinion drafted on the matter.

A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.

Paracetamol is an active ingredient in many drug formulations which now is subject to a USD787 per tonne anti-dumping duty.

Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.

The fund was able to raise an amount well above the projected amount with interest in the Nordic region as its greatest asset.

Vention Medical, one of the firms in the Fund IV of KRG Capital Partners, acquired Fast Forward Medical.

Onex Credit completed its fourth collateralized loan obligation through a private placement. Onex Corporation through a statement announced Onex Credit Partners LLC had completed the offer of its fourth collateralized loan obligation through a private placement transaction.

Water Street Healthcare Partners sells off assets in the past three weeks. The strategic investor with special focus on the health care industry, Water Street Healthcare Partners, announced the recent sale of its outsourced pharmaceutical services firm AAIPharma Services Corp.

The new venture of Cliffwater LLC and Virtus Investments would be called Cliffwater Investments. Multi manager asset management business operator Virtus Investment Partners together with leading advisory firm Cliffwater LLC announced the establishment of Cliffwater Investments LLC.

With the projected growth of video advertising, Rockabox opens a Series A funding round worth GBP3 million.

Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.

The subsidiary of UAE's Mubadala is on an expansion mode. Mubadala Petroleum has been looking to expand into overseas markets such as Thailand and Indonesia, as well as commence exploration work in Tanzania within 2013.

Al Nabooda Automobiles had set plans to expand its German car imports operations in Dubai and Sharjah.