Market Chatter-Corporate finance press digest

Wed Mar 6, 2013 11:38pm EST
 
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March 7 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* Italy's Banca Monte dei Paschi di Siena is seeking damages of at least 1.2 billion euros ($1.56 billion) from two former executives and investment banks Nomura Holdings Inc and Deutsche Bank AG over derivative trades, a judicial source with direct knowledge of the matter told Reuters.

* Mervyn King, the outgoing governor of the Bank of England, has urged the government to break up the Royal Bank of Scotland Plc as the best way to recover the bulk of the 45 billion pounds ($67.75 billion) used to bail out the state-controlled bank.

* Exxon Mobil Corp, the world's largest oil company by market value, has hired Barclays Plc to re-launch the sale of a stake in a Hong Kong power venture, sources told Reuters, in a deal that could be worth up to $2 billion.

* Canadian newspaper magnate David Black said he is close to finalising a C$25 billion ($24.25 billion) financing deal for his proposed West Coast refinery project aimed at creating a new market for Alberta oil sands production, a media report said on Wednesday.   Continued...