PRESS DIGEST- Financial Times - Nov 22

Reuters

Nov 22 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

Banks ban traders from group chat rooms

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Goldman defends currency trading performance

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Dan Loeb builds $1 bln plus stake in Japan's SoftBank

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WTO on verge of global trade pact

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Spotify tunes in to $4 bln valuation

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Phone chatter likely to hit new highs

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Overview

Several big banks including Barclays, Citigroup and Royal Bank of Scotland have banned tradersfrom some online chat rooms in response to investigations intoalleged collusion between dealers over key financial marketbenchmark rates.

Goldman Sachs said on Thursday it did not suffer aloss in its currencies business in the third quarter, in anattempt to reassure investors after reports that it had sufferedmore than $1 billion in trading losses.

Activist investor Dan Loeb, who is pushing for change atSony, has revealed another $1 billion plus position in Japan'sSoftBank.

The World Trade Organisation is poised to seal the firstglobal trade deal for more than a decade, in a rare victory forthe body, whose struggle to secure an international pact hasincreasingly undermined its relevance.

Spotify has raised about $250 million in a new funding roundvaluing the Swedish digital music service at more than $4billion.

The U.S. Federal Communications Commission said it wasconsidering plans to do away with the 'outdated' ban on usingcell phones during flights.

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