PRESS DIGEST- Financial Times - Oct 21

Reuters

Oct 21 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

MORTGAGE WATCHDOG SEEKS $6 BLN FROM BOFA

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OPINION DIVIDED ON JPMORGAN SETTLEMENT

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ALCOA ATTACKS 'SHORT-SIGHTED AND MISGUIDED' LME

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AT&T SELLS CELL TOWERS FOR $4.9 BLN

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TERRA FIRMA TO LAUNCH 1 BLN STG FLOAT OF INFINIS

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Overview

U.S. housing regulators are looking to fine Bank of America more than $6 billion for its role in misleading mortgageagencies during the housing boom, compared with the $4 billionto be paid by JPMorgan Chase & Co.

Opinions are divided in the U.S. regarding the $13 billionsettlement JPMorgan Chase has agreed to pay to state and federalauthorities.

Aluminum producer Alcoa has attacked the London MetalExchange as "short-sighted and misguided" and called on the UKFinancial Conduct Authority and the U.S. Commodity FuturesTrading Commission to intervene in a row about metalswarehousing.

AT&T said it would lease the rights to about 9,100 ofits wireless network towers to Crown Castle International andsell another 600 towers to the tower operator for about $4.9billion.

Terra Firma, the buyout group run by dealmaker Guy Hands, isset to launch a 1 billion pound ($1.62 billion) float ofInfinis, a British wind power company, on Monday in a comebacksignal to prospective new investors.

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