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Friday, June 17, 2011

Market Corporate Finance Digest

The following corporate finance-related stories were reported by media on Friday: * Citigroup's attempts to sell its CitiFinancial unit have hit a stumbling block as potential bidders remain uncertain about the unit's funding as a standalone business, the Financial Times reported, citing people familiar with the matter. * China Everbright Bank plans to issue subdebt to replenish its tier-two capital when it completes its Hong Kong initial public offering, the China Securities Journal reported, citing a senior executive. For Deals of the day click on (Compiled by Purwa Naveen Raman in Bangalore)

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