Market Chatter -- Corporate finance press digest

LONDON, July 23 (Reuters) - The following corporate finance-related stories involving U.S. and European companies were reported by media on Wednesday.

* U.S. private equity firm TPG is considering a bid for specialist UK mortgage lender Paragon (PARA.L), weeks after pulling out of a deal to take a stake in Bradford & Bingley BB.L, the Financial Times reported.

* National City Corp NCC.N is trying to sell its money-management unit, according to the Wall Street Journal's online edition.

* China's central government and the Shanghai city government are discussing the possibility of merging Shanghai Airlines 600591.SS with China Eastern Airlines (600115.SS), business magazine Caijing reported on its website.

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(Reporting by Douwe Miedema; Editing by Louise Ireland)