UPDATE 1-Market Chatter-Corporate finance press digest

Dec 3 (Reuters) - The following corporate finance-related
stories were reported by media:

* Swiss bank UBS AG is close to a settlement with
U.S. and British authorities and is expected to pay more than
$450 million over claims that some of its employees submitted
false Libor rates, the New York Times reported.

* It will take a decade to fully return Royal Bank of
Scotland to the private sector, the state-owned lender
has predicted, according to the UK's Times newspaper on Monday.
The bank plans to be ready to start paying dividends in late
2014, the Times reported, without citing a
source.

* HSBC is planning to sell four sub-prime loan
portfolios worth a total of $2.7 billion in the next year, with
hedge funds already expressing an interest, the Telegraph
reported. ()

* Google is facing the prospect of a multi
million-pound tax bill in the United Kingdom after Revenue &
Customs opened a review into the internet company's tax returns
for the past six years, the Times reported. ()

* Italian airport operator SEA SpA has cancelled plans to
list on the Milan stock exchange after weak take-up by investors
and bickering among the main shareholders about the price. ()

* Cerberus Capital Management LP, working on an acquisition
of Supervalu Inc has indicated it is willing to pursue
multiple options for the troubled grocer, including a deal to
buy Supervalu's entire business and another to purchase its
Albertsons stores, the Wall Street Journal reported. ()