Market Chatter -- Corporate finance press digest
LONDON, May 22 (Reuters) - The following corporate finance-related stories involving U.S., European and Asian companies were reported by media on Friday:
* The Obama administration is preparing to steer General Motors GM.N into bankruptcy next week, The Washington Post reported [nN21324883].
* Private equity firm BC Partners has stopped working on bidding for Barclays (BARC.L) exchange-traded funds arm BGI, the Financial Times reported.
* British investment group Mountgrange has raised more than 300 million pounds ($473.9 million) to invest in real estate, the Financial Times said.
* Tata Motors (TAMO.BO) is expected to reach agreement with its banks to roll over a $1 billion loan on Monday, the Financial Times said.
* Sir Sandy Crombie, the chief executive of British insurer Standard Life (SL.L), is to join the board of part-nationalised lender Royal Bank of Scotland (RBS.L), the Daily Telegraph said. [nLL89446]
* Hainan Airlines Co (600221.SS), China's fourth largest carrier, will receive a cash injection of 3 billion yuan ($439.7 million) from local government and its parent group, the official China Securities Journal said. [nSHA60645]
* Fiat (FIA.MI) has signed an agreement to set up a car manufacturing venture with China's Guangzhou Automobile Industry Group, Shanghai Securities News reported. [nSHA14353]
For Deals of the Day, click on [ID:nSP478302]
(Compiled by Tom Freke; Editing by Rupert Winchester)
