Sept 30 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Italy's PM seeks to shore up government
Banks watchdog backs away from strict requirements
Axa to spin out private equity arm
Siemens to shed 15,000 jobs worldwide
BP said to have rejected plan that might have stopped
Intesa CEO quits after clash with shareholders
Italy's prime minister Enrico Letta is urgently seeking
parliamentary support for a new government after centre-right
leader Silvio Berlusconi pulled the rug under the five-month-old
coalition, sparking fears of a backlash from financial markets.
The world's banks watchdog could relax stringent capital
rules on securitisation or asset-backed products as part of a
second look at the instruments blamed for triggering the global
French insurer AXA SA is set to confirm the
closing of a deal to spin off its private-equity arm early this
week in a transaction that would value the unit at 510 million
euros ($690.6 million).
Siemens AG, Europe's biggest engineering firm, is
to slash 15,000 jobs over the next year as part of a 6 billion
euro cost-cutting programme.
BP shot down a plan that might have stopped its 2010
oil leak in the Gulf of Mexico within a month as it worried more
about defending its public statements about the flow rate from
the well, the company's legal opponents have alleged.
Italy's largest retail bank Intesa Sanpaolo ousted
CEO Enrico Cucchiani on Sunday, following a clash with Italian