UPDATE 1-Market Chatter -- Corporate finance press digest

(Adds Goldman, Shoprite)

BANGALORE Oct 5 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* Goldman Sachs Group Inc (GS.N) would be due a $1 billion payment if troubled commercial lender CIT Group (CIT.N) were to file for Chapter 11 bankruptcy, the Financial Times reported, citing people familiar with the matter. [ID:nN04333832]

* Shoprite Holdings Ltd (SHPJ.J) chairman Christo Wiese is looking to swap some or all of his stake in Africa's biggest grocer for stock in furniture maker Steinhoff (SHFJ.J), a South African newspaper reported. [ID:nL4541998]

* Hana Financial Group (086790.KS), South Korea's No. 4 banking group, is seeking to raise 1 trillion-2 trillion won ($853 million-$1.7 billion) in a rights offering, reports said on Monday, sending its shares tumbling. [ID:nSEO95311]

* Deputy Governor of the Bank of England Paul Tucker has suggested a levy on banks that could be used to pay the costs of future financial crises, the Daily Telegraph reported. [ID:nB607440]

* A U.S.-led consortium has entered the race to buy Volvo from Ford (F.N), the Financial Times reported, in a challenge to China's Geely Automotive (0175.HK), which confirmed its interest in the money-losing Swedish carmaker last month. [ID:nB604662]

* Chinese steel and iron ore group Baosteel has proposed to pay 1 billion pounds ($1.6 billion) for a 30 percent stake in Anglo American's (AAL.L) huge Minas Rio iron ore mine in Brazil, according to a report. [ID:nL4543413]

* Steel company ArcelorMittal (ISPA.AS) is close to pulling out of a $20 billion plan to build two steel plants in India due to difficulties buying land, its chairman and main owner, Lakshmi Mittal, told The Financial Times. [ID:nB600405]

* British housebuilder Taylor Wimpey (TW.L) is considering the sale of its North American housing operations, which have been hit hard by the global recession, in a bid to cut debt, the Sunday Times reported. [ID:nL4541454]

* Barclays Bank Plc (BARC.L) is likely to enter exclusive talks this week to buy insurer Standard Life's (SL.L) banking division, the Mail on Sunday reported. [ID:nL4558939]

* British insurance group Aviva (AV.L) will announce on Monday plans to raise 1 billion pounds ($1.6 billion) through a partial flotation of Dutch unit Delta Lloyd, the Sunday Times reported. [ID:nL4550046]

* British general insurer RSA (RSA.L) has scrapped plans for a $1 billion rights issue to fund major acquisitions and will instead focus on smaller bolt-on buys, the Sunday Telegraph reported. [ID:nL4552130]

* A Kohlberg Kravis Roberts-led consortium leads the bidding for Northrop Grumman Corp's (NOC.N) TASC unit, the Financial Times reported, citing people close to the matter. [ID:nN04336933]

For Deals of the Day, please click on [ID:nSP499161] (Compiled by Purwa Naveen Raman in Bangalore, editing by Will Waterman)