July 9, 2014 / 5:51 AM / in 4 years

RPT-Market Chatter- Corporate finance press digest

(Repeats with no changes to text)

July 9 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* The Justice Department and Citigroup Inc are close to a deal for the bank to pay about $7 billion to settle allegations it sold shoddy mortgages in the run-up to the financial crisis, people familiar with the matter told The Wall Street Journal. (on.wsj.com/1pYzNSm)

* Three main suitors are in the running to buy the Balkans network of nationalised Austrian bank Hypo Alpe Adria , a deal that could be signed before the end of July, several sources close to the sale told Reuters.

* Barclays Plc has hired an adviser to help the British bank offload its natural resource focused private-equity unit, Bloomberg reported on Tuesday, citing sources.

For the deals of the day click on

For the Morning News Call-EMEA newsletter click on (Compiled by Aashika Jain in Bangalore)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below