Wells Fargo & Co create underwriting group to keep mortgages inhouse

San Francisco-based Wells Fargo & Co has given the task of originating mortgages for the largest home lender in the US to 400 underwriters, Bloomberg reported.

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Twitter lands USD1 billion credit line

Like Facebook and Zynga before it, Twitter was able to secure a USD1 billion credit facility from its IPO bank managers.

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Nine more banks on board for Barclays rights offering

Nine more banks were hired by Barclays to manage its rights offering next month worth GBP 5.8 billion or USD 8.9 billion.

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