(Adds China Mobile, Metro AG)
Aug 6 (Reuters) - The following corporate finance-related stories were reported by media:
* French telecom firm Iliad is in talks with investors to improve its bid for T-Mobile US because it expects the parent company Deutsche Telekom to reject its $15 billion offer, three sources familiar with the matter said on Tuesday.
* Sprint Corp has dropped its bid to acquire T-Mobile U.S. Inc because the challenge of securing regulatory approval for the deal was too steep, a person familiar with the matter told Reuters.
* Private-equity firm TPG reached a deal to sell a small ownership stake in itself to China Life Insurance Co , people familiar with the matter said. The deal, which could be disclosed in coming days, calls for China Life to pay $250 million for an ownership stake in TPG of between 2 percent and 5 percent, the people said. (on.wsj.com/UTW6do)
* Standard Chartered PLC is back in the crosshairs of New York's banking regulator over alleged failure to flag high risk transactions for further review, according to a person familiar with the matter.
* Blackstone Group LP had hired four banks, including U.S. firm Morgan Stanley and Swiss bank UBS, to assist with the initial public offering of Dutch financial services company Intertrust Group Holding SA, Bloomberg reported on Tuesday, citing three people with knowledge of the matter.
* The private-equity arms of Goldman Sachs Group Inc and Deutsche Bank AG were close to sealing a deal to purchase the buyout unit of National Bank of Greece SA , Bloomberg reported on Wednesday, citing sources.
* BATS Global Markets Inc, the second-largest U.S. exchange operator by volume, is in advanced talks with regulators to settle allegations that it gave unfair advantages to high-speed traders, the Wall Street Journal reported, citing people familiar with the matter.
* China Mobile Ltd has held talks about purchasing a minority stake in Axiata Group Bhd, Malaysia's largest wireless carrier by market value, Bloomberg reported, citing people with knowledge of the matter. (bloom.bg/1y40Ytg)
* German retailer Metro AG is in advanced talks to sell its cash-and-carry unit in Vietnam to Thailand's Berli Jucker for more than $500 million, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
For the deals of the day click on
For the Morning News Call-EMEA newsletter click on (Compiled by Rama Venkat Raman in Bangalore; Editing by Biju Dwarakanath)