PRESS DIGEST – Financial Times – Nov 3

The Financial Times

JAPAN’S MUFG TO BUY RBS ASSET FINANCE PORTFOLIO

Bank of Tokyo Mitsubishi (8306.T: ) is set to buy a 4 billion
pound portfolio of project finance loans from RBS (RBS.L: ) in the
first major sale of oil and gas financing assets since the
crisis.
http://www.ft.com/cms/s/0/7e52eed6-e6d8-11df-8894-00144feab49a.html

BBVA LAUNCHES $7 BILLION RIGHTS ISSUE

Spain’s BBVA (BBVA.MC: ) is launching a $7 billion rights
issue following a deal to buy joint control of Turkey’s Garanti
Bank (GARAN.IS: ) in the latest effort by an international lender
to bolster its capital base.
http://www.ft.com/cms/s/0/edfd1684-e657-11df-95f9-00144feab49a.html

BP DIVIDENDS LESS GENEROUS AFTER SPILL

BP (BP.L: ) Chief Executive Bob Dudley has indicated that the
oil major plans to adopt a less generous dividend policy when it
reinstates its pay-out to investors following the Gulf of Mexico
oil spill.
http://www.ft.com/cms/s/0/7979d450-e6cf-11df-8894-00144feab49a.html

JUROR REMOVED IN EMI CASE AFTER CITI OBJECTION

A juror has been removed in the court battle between Guy
Hands and Citigroup (C.N: ), which advised him in his buyout house
Terra Firma’s [TERA.UL] takeover of EMI, after the bank learnt
she took part in a stridently anti-Wall Street film.
http://www.ft.com/cms/s/0/d85de714-e6ba-11df-99b3-00144feab49a.html

CBI’S LAMBERT TO JOIN TRADE ENVOYS

CBI Director-General Richard Lambert is to become a British
trade ambassador — an unpaid and non-political post — under a
new programme to promote the UK among its top overseas trading
partners.
http://www.ft.com/cms/s/0/d85de714-e6ba-11df-99b3-00144feab49a.html

LSE PLATFORM CRASHES, SABOTAGE FEARED

The London Stock Exchange is trying to establish how human
error in possibly “suspicious circumstances” caused its trading
system Turquoise to crash for the second time in less than a
month.
http://www.ft.com/cms/s/0/939dc20c-e6b0-11df-99b3-00144feab49a.html

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – Nov 3