Nov 4 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
SAC to plead guilty to insider trading
Twitter poised to hit acquisition trail
Number of new City jobs fell slightly in October, says
European banks cut corporate lending
Blackstone tests waters with first security backed by rented
Steve Cohen's $15-billion hedge fund SAC Capital Advisors,
currently fighting criminal insider trading charges, will plead
guilty to securities fraud and pay over $1 billion in fines, a
person familiar with the matter said. The announcement on the
plea and fine is expected as soon as Monday, the source said.
Twitter , which is expected to list with a
valuation of as much as $13.9 billion this week, is set to make
a "substantial investment" after the initial public offering, to
expand research and development including buying other companies
for their products, technologies and staff.
The number of new jobs in London's financial district
dropped slightly in October despite renewed optimism in the
financial services sector, according to specialist recruiter
Europe's largest banks have increased their risk exposure to
sovereign debt by more than a quarter in 2011 and 2012, while
reducing corporate lending as they prepare for stricter global
capital rules, according to findings by Fitch Ratings.
Private equity group Blackstone will offer investors
a novel security this week, backed by cash flow from more than
3,000 foreclosed homes across the United States that it bought
and converted into rental properties.