A gunman killed during his attack on an Islamic prophet Muhammad art show in Garland, Texas, reportedly bought a pistol through a botched federal firearm sting.

Nadir Soofi bought a 9-mm pistol at a Phoenix gun shop in 2010, one report said, that sold illegal firearms through ATF’s heavily criticized Operation Fast and Furious to track firearms back to Mexican drug cartels.

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Beijing intensified efforts at the weekend to pull China’s stock markets out of a nose-dive that is threatening the world’s second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilization fund.

Beijing has also suspended new share offers in an attempt to take pressure off the market after a 30 percent plunge in three weeks, the Wall Street Journal said.

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The reputation of the banking industry took another hammering on Wednesday as the fines imposed on major banks – including Barclays and bailed-out Royal Bank of Scotland – for rigging foreign exchange markets topped £6.3bn.

The US Department of Justice accused the industry of “breathtaking flagrancy” as, along with other regulators on both sides of the Atlantic, it imposed a record $5.7bn (£3.7bn) of punishments on six banks. The new fines followed£2.6bn of penalties announced in November for manipulation of the £3.5tn a day currency markets.

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