** Private equity firm The Carlyle Group [CYL.UL] and some investors are in talks to buy the failed Silverton Bank of Atlanta, the Wall Street Journal reported. [ID:nBNG476399]** Private equity group CVC Partners [CVC.UL] has offered to pay just under 2 billion pounds ($3.2 billion) for a 30 percent stake in UK state-owned postal group Royal Mail, the Sunday Telegraph reported. [ID:nLV387761]
** Chancellor Alistair Darling is to fast-track the recruitment of a top financial executive to run the government's toxic-loan insurance scheme, the Guardian reported.
The appointee will be responsible for ensuring that the banks involved do not behave recklessly, while controlling a new body to oversee it.
** The UK Financial Services Authority, the Bank of England and the Treasury identified Northern Rock NRK.L as the weakest element of the UK banking sector in 2004, when they carried out risk simulation planning, contradicting assertions that the collapse of the bank could not have been foreseen, the Financial Times reported.
** Commercial property developer Modus Ventures has been put into administration by its lenders, the Financial Times reported.
** BSkyB (BSY.L) would need a rights issue of 500 million pounds to kick start a recovery at ITV (ITV.L), the Daily Telegraph reported.
** LCH.Clearnet will go into talks with the 13-strong bidding consortium on Monday, but Chairman Chris Tupker and the board believe the consortium's bid to be too low, the Times reported.
For further details visit as : www.reuters.com/article/marketsNews/idUSL142079820090601
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