The U.K-based education publisher wants to sell to the books business to its joint venture partner Bertelsmann to finance further investment in its digital operations.
A British financial services lobby group appears to give up on getting a 'passport' for U.K. financial services to be marketed in Europe. But the alternative, 'equivalence,' is weaker.
Portugal says Lone Star has made the best offer for the lender it rescued in a $5.1 billion bailout, but it wants better terms and is open to rival bids.
Britain's majority state-owned bank faces a fine of anywhere between $5 billion and $12 billion, according to official in charge of the government's bank bailout holdings.