RIO DE JANEIRO, Sept 8 Banco Santander Brasil SA and Itaú Unibanco Holding SA are the final two bidders to buy the Brazilian retail banking unit of Citigroup Inc, according to a report in Valor Economico on Thursday that cited three sources familiar with the matter.
Neither of the two banks has yet secured exclusive negotiations, Valor reported. Citi, Santander and Itau did not immediately respond to a request for comment. (Reporting by Stephen Eisenhammer; Editing by Bill Trott)
UPDATE 1-Milan court orders trial over Monte dei Paschi trades -legal sources
MILAN, Oct 1 A Milan court has ordered Banca Monte dei Paschi di Siena, Nomura and Deutsche Bank to stand trial for a string of alleged financial crimes, legal sources said on Saturday.
Texas businessman Wyly strikes $198 million deal with SEC
NEW YORK, Oct 1 Texas businessman Sam Wyly has agreed to pay $198.1 million to resolve claims by U.S. securities regulators that he engaged in a long-running securities fraud to hide trades in companies he controlled using offshore trusts, according to a court filing.