UPDATE 1-Market Chatter-Corporate finance press digest

Mon Dec 3, 2012 10:51am IST

Related Topics

Stocks

   

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. ()
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Jaitley's Health

Jaitley's Health

Finance minister back in hospital for check-up.  Full Article 

Modi's U.S. Visit

Modi's U.S. Visit

Modi to observe strict fast during maiden trip to U.S.  Full Article 

Mangalyaan

Mangalyaan

India's Mars mission a step closer to success with engine test  Full Article 

Shortage of Coal

Shortage of Coal

Coal import rush leads to port congestion  Full Article 

Alibaba IPO

Alibaba IPO

IPO ranks as world's biggest after additional shares sold   Full Article 

Bumper Sales

Bumper Sales

Apple sells more than 10 mln new iPhones in first three days  Full Article 

Asian Games 2014

Asian Games 2014

Full coverage of the 17th Asian Games as Incheon.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage