Sunday, December 2, 2012

Reuters: Regulatory News: UPDATE 1-Market Chatter-Corporate finance press digest

Reuters: Regulatory News
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UPDATE 1-Market Chatter-Corporate finance press digest
Dec 3rd 2012, 05:21

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Mon Dec 3, 2012 12:21am EST

  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. ()  

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