PRESS DIGEST- Financial Times - Oct 7

Reuters

Oct 7 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

Osborne lays EU ground for any RBS split

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Temasek, Sinopec eye Gas Natural stake

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Paulson leads charge into Greek banks

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Peter Voser says he regrets Shell's huge bet on US shale

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Outgoing ING chairman attacks bancassurance model

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France investigates suspicious assets

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Overview

UK Chancellor George Osborne sought clearance from EUofficials for a possible split of Royal Bank of Scotland in order to avoid strict EU regulations on state supportedbanks.

Temasek and Sinopec have separatelyexpressed interest in buying Repsol's 4.7 billion euro($6.39 billion) domestic gas distributor business, Gas Natural

Hedge fund billionaire John Paulson's Paulson & Co and anumber of other U.S. hedge funds are investing aggressively intoGreece's struggling banking sector expecting it to turn acorner.

Shell's outgoing CEO Peter Voster said he wasdisappointed that the company's huge investment in Alaskan shaleresources did not pan out as planned.

Jan Hommen the outgoing CEO of Dutch bancassurer ING has criticized the model combining insurance andbanking, saying that his company had been "too big to manage"

France is stepping up efforts to trace the illegally fundedFrench assets of foreign leaders after Syrian president, Bashiral-Assad's uncle was accused of having properties amassedthrough illegal means in France.

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