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Wells Fargo Warms to Investment Banking (TheStreet.com)Wells Fargo is building out its investment banking franchise, rather than selling off or winding down some key Wachovia operations.

Bank of America Merrill Lynch today announced that Alan Murray will join the company’s Global Corporate & Investment Banking business as managing director of Energy Corporate & Investment Banking in late September.Bank of America Merrill Lynch Hires Alan Murray as Managing Director of Energy Corporate & Investment Banking (PR Newswire Finance)

NCB Capital, the investment banking arm of National Commercial Bank, has completed an extensive review of the healthcare sector in the GCC region.Healthcare reforms throughout the GCC set to trigger massive investment (AME Info)

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NEW YORK—-Fitch Ratings has assigned an ‘F1′ rating to Great Bridge Capital Company, LLC’s asset-backed commercial paper . The rating is based on the full credit and liquidity support provided by banks or financial institutions rated at least ‘F1′, the managerial capabilities of The Liberty Hampshire Company, LLC and the program’s legal structure.Fitch Rates Great Bridge Capital Company, LLC’s Asset Backed-Commercial Paper ‘F1′ (Business Wire Finance)

PPL Agrees to Sell Maine Hydroelectric Assets to ArcLight Capital Partners (PR Newswire Finance)PPL Corporation announced Wednesday that its PPL Maine subsidiary has signed a definitive agreement to sell the majority of PPL Maine’s hydroelectric generation business to Black Bear Hydro Partners, LLC, an affiliate of ArcLight Capital Partners, LLC, for a total of approximately $95 million, subject to the receipt of various state and federal regulatory approvals and consents.

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COLUMBUS, Ohio—-Beginning June 30, the State Auto Insurance Companies will add flood insurance to the long list of State Auto coverages available for home, business and farm offered through more than 3,400 independent insurance agencies.State Auto to Offer Flood Insurance (Business Wire Finance)

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