Marc Castro

Wells Fargo settles mortgage bonds issues with FHFA

For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes

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ITT Corp increases dividend and expands manufacturing to address higher demand

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.

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Citigroup preparing sale of mortgage backed securities, its first since 2008

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

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AT&T preparing takeover plan for UK's Vodafone Plc

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.

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Netflix includes Waoo!, Virgin Media and Com Hem to its TV streaming listing

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

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NovaQuest closes third fund at USD459 million

Novaquest Capital Management lands USD459 million for its Fund III.

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Graphite Capital purchases AMS for GBP260 million

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

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Commercial Bank of Qatar to issue bonds

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

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AUB looks for acquisitions overseas

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

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Standard and Poor's Dow Jones Indices upgrades Qatar and the UAE

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

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Mashreq Bank introduces technological innovations to its branches

Staff-less branches is the future, according to Mashreq Bank CEO.

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China Modern Dairy shareholders sell 5.2% stake

Shareholders in the largest milk producer in China sold nearly 5.2% stake.

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Modern Land offer attractive to investment hungry China

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

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Deutsche Bank China receives new license

Deutsche Bank China was granted an interbank bond settlement license.

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Clifford Capital's guaranteed note face high demand

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

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