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Market Chatter-Corporate finance press digest
November 1, 2013 / 4:01 AM / 4 years ago

Market Chatter-Corporate finance press digest

Oct 31 (Reuters) - 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.

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