Europe
NBNK talking to Middle East sovereign wealth funds - source
New banking venture NBNK has held talks with Middle Eastern sovereign wealth funds to bolster its bid for 632 Lloyds branches that are up for sale.
Nokia in advanced talks to sell luxury Vertu unit: FT
Cellphone maker Nokia is in advanced talks to sell its UK subsidiary Vertu toprivate equity group Permira, the Financial Times reported.
European Union to shine light on shadow banking
The European Commission pledged to tighten control of so-called shadow banking on Friday, answering central bank calls for stricter regulation of the sprawling 46 trillion euro ($61 trillion) sector which has been blamed for aggravating the financial crisis.
Russia, China to announce progress on fund during Li visit
Russia and China will announce progress on a joint investment fund during a visit by the man expected to be China's next premier.