| Citigroup is in advanced talks with regulators over plans to raise more than $15bn in an equity offering, in an effort to repay $20bn in bail-out funds as early as Thursday. People close to the situation said that Citi was also planning to raise around $2bn of mandatory convertible securities – a new form of security that converts into equity when a bank’s capital ratio falls below a predetermined level, says the FT. HSBC is closing in on acquiring the remaining Asian retail and commercial assets being divested by RBS. People familiar with the matter said that the sides had struck a deal for the assets in China, India and Malaysia but that it was subject to regulatory approval in the three countries, writes the FT. Royal Bank of Scotland has sent out sales documents for RBS Sempra Commodities, its American joint venture, and hopes to sell the energy trading business within the next few months, reports the Times. About 20,000 bankers are expected to be snared by the Government’s super-tax on bank bonuses announced in the pre-Budget report, the Telegraph has learned. The Times adds that the Chancellor was accused of going soft on the City by producing a tax on bonuses that would be easy to avoid and which exempts, among others, former Lehman Brothers staff blamed for the financial crisis. |
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| P/E: 17.3 | Div Yield: 1.3% 
| P/E: 31.5 | Div Yield: 2.1% 
| P/E: 15.5 | Div Yield: 3.5% 
| P/E: n/a | Div Yield: 0.0% 
| P/E: 7.7 | Div Yield: 10.3% 
| P/E: n/a | Div Yield: 0.0%
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