Oct 31 The following corporate finance-related
stories were reported by media:
* New York-based Ziff Brothers Investments plans to
gradually shut down its U.S. hedge fund, the Wall Street Journal
reported on Thursday.
* Wells Fargo & Co, the fourth-largest U.S. bank,
has settled claims with a U.S. government agency over bad
mortgages the bank sold ahead of the financial crisis, the
Financial Times reported on Thursday.
* The Royal Bank of Scotland has suspended two
traders in its foreign exchange division amid global
investigations into the possible manipulation of the $5.3
trillion-a-day forex market, the Financial Times reported,
citing two people familiar with the matter.
* China's Central Huijin Investment Co, the government's
main holding firm for state-owned financial companies, is
considering merging some of the major Chinese brokerages in
which it has controlling stakes directly or indirectly, the
official Securities Times said on Friday.