RPT-Market Chatter-Corporate finance press digest

Mon Feb 11, 2013 1:01am EST
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Feb 11 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* Barclays will target at least 2 billion pounds ($3.17 billion) in savings from its 20 billion pounds annual cost base when it announces a strategic overhaul on Tuesday, the Financial Times reported, adding that the overhaul includes cutting about 2,000 investment bank jobs and shuttering some operations in parts of Europe.

* The U.S. Treasury, under pressure to quickly wind down its crisis-era bailouts, believes it cannot rush the sale of auto lender Ally Financial because the company's mortgage lending unit is in a messy bankruptcy, a person familiar with the matter told Reuters.

* US Airways Group Inc and AMR Corp are nearing an $11 billion merger that would create the world's largest airline and could announce a deal within a week, after resolving key differences on valuation and management structure, people familiar with the matter said.