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Bankruptcy

UPDATE 2-China's CITIC pays CEFC's Czech debts to end spat, to take over J&T stake

* CITIC also to take CEFC's stake in JTFG (Adds payment made, amount, CITIC comment)

UPDATE 4-EU agrees new capital rules, large banks secure easier terms

* Deal comes after 18 months of talks, adopts global standards

Bonds, Regulatory News 25 May 2018

OFFICIAL CORRECTION-UPDATE 2-Reduced costs of broker Beaufort's insolvency may provide relief for small mining firms

LONDON, May 23 PwC halved the estimated costs of winding up British brokerage Beaufort Securities on Wednesday, potentially boosting funds for hard-pressed mining companies and other clients that are expected to shoulder the costs.

Bonds, Regulatory News 25 May 2018

Croatia's parliament approves new economy minister

ZAGREB, May 25 Croatia's parliament on Friday confirmed Darko Horvat as the new economy minister after his predecessor quit amid criticism of her handling of the crisis at food giant Agrokor, the country's biggest private firm.

25 May 2018

EU finance ministers strike deal on overhaul of banking capital rules

BRUSSELS, May 25 European Union finance ministers reached on Friday an agreement on reforming bank capital rules, a major step to boost the bloc's financial stability and to agree on a backstop for its bank-rescue fund in June, officials said.

25 May 2018

Czech J&T and China's CITIC reach deal in CEFC debt dispute

PRAGUE, May 25 Czech financial firm J&T said on Friday it had reached a deal with Chinese conglomerate CITIC to settle debts owed by troubled Chinese group CEFC, potentially drawing a line under a complex dispute.

Private Capital, 25 May 2018

PRESS DIGEST- Wall Street Journal - May 25

May 25 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

Regulatory News, Bonds, 25 May 2018

Australia's Litigation Capital to fund shareholder class action against Quintis

May 25 Australia's Litigation Capital Management will fund a shareholder class-action against sandalwood distributor Quintis Ltd as well as its auditor Ernst & Young, Litigation said in a statement to the Australian bourse on Friday.

25 May 2018

EU mulls clampdown on money laundering after Latvia, Malta bank troubles

* Talks follow Latvia's ABLV, Malta's Pilatus cases exposed by U.S.

24 May 2018

CORRECTED-Eddie Bauer, Pacific Sunwear explore merger amid retail downturn -sources

May 23 Eddie Bauer LLC and Pacific Sunwear of California LLC are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector, people familiar with the matter said on Wednesday.

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