PRESS DIGEST- Financial Times - Oct 30

Reuters

Oct 30 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

RABOBANK AGREES TO PAY $1 BLN LIBOR FINE

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BARCLAYS FACES NEW $700 MLN BILL

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CREDITORS FEAR BEING LEFT WITH NOTHING AFTER OGX GASSELL-OFF

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BP PROMISES FURTHER $10 BLN OF ASSET SALES

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HIGH STREET HORROR AS BLOCKBUSTER'S UK ARM COLLAPSES AGAIN

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Overview

Rabobank agreed to a $1 billion fine to U.S.,British and Dutch authorities, admitting that dozens ofemployees manipulated the Libor and other key benchmark interestrates over six years.

Barclays may need to pay out as much as $700million to U.S. hedge fund Black Diamond, after losingan appeal in a five-year legal struggle when a New York supremecourt found the bank liable for breach of contract over a vastcredit derivatives transaction.

Creditor banks of Brazilian tycoon Eike Batista's OGX on Monday struck a private deal to sell off thetroubled oil company's natural gas business. The move has othercreditors and shareholders anxious that they will be left withnext to nothing if OGX files for bankruptcy.

BP's Chief Executive Bob Dudley said the UK oil majorplans to sell a further $10 billion worth of assets by the endof 2015, which could signal higher payouts to investors.

DVD rental chain Blockbuster's British arm is set to go backinto administration for the second time in 10 months, putting2,000 jobs at risk after poor retail and rental sales.

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