UPDATE 3-Russian tycoon report moves European banks' stocks

(Rewrites, adds new report, Nafta comment, updates shares)

By Gleb Bryanski

MOSCOW, June 11 (Reuters) - A report that Russian billionaire Suleiman Kerimov is interested in buying stakes in major European banks and wants other tycoons to join him briefly lifted shares in several major European banks on Wednesday.

Kommersant business daily, quoting sources, said Kerimov has been selling his Russian assets, including stakes in the country's biggest bank Sberbank (SBER03.MM: Quote, Profile, Research, Stock Buzz) and gas giant Gazprom (GAZP.MM: Quote, Profile, Research, Stock Buzz), to buy shares in Deutsche (DBKGn.DE: Quote, Profile, Research, Stock Buzz), UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz), Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) and Credit Suisse (CSGN.VX: Quote, Profile, Research, Stock Buzz).

Shares in Deutsche and UBS rose by 2 percent on the report but later fell back along with other financial stocks. Deutsche closed 1.3 down, UBS fell 3.8 percent and Credit Suisse 0.6 percent. The DJ Stoxx bank index weakened 2.8 percent.

One source in a major investment bank told Kommersant that Kerimov, Russia's eighth-richest man and a member of the upper house of the Russian parliament, owned 3 percent of Deutsche at the end of last year.

"Kerimov now continues to increase his stake in Deutsche Bank and plans to take it to 9 percent," a source familiar with Kerimov's plans told Kommersant. Other sources said Kerimov's holdings in other banks amounted to about 1 percent.

Deutsche Bank said it was aware of only two shareholders with stakes of more than 3 percent, British bank Barclays and French insurer AXA. The spokesman declined further comment on the report.

A Deutsche spokesman in Moscow said the bank was obliged to disclose when someone buys more than 3 percent of the shares. "We have not made such disclosures," he said.