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WireTap 1400 05/01/12

A round-up of the key stories across the specialist financial media, including news that MF Global assets could be returned to investors as early as this month.

Exclusive: KPMG plans return of MF Global assets

KPMG, MF Global’s administrator, is planning to begin the return of cash and assets to investors, potentially as early as this month.

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French costs rise but demand solid at debt sale

French borrowing costs rose slightly at a bond auction today, but demand remains high in face of the country’s threatened AAA rating.

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SocGen seeks to axe investment staff

Societe Generale is considering axing an additional 1,580 jobs in its corporate and investment bank – around 13% of the unit’s staff.

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Yields on Hungary’s short-term debt near 10%

Yields on one-year Hungarian bonds are nearing 10% as a bond auction today failed to meet its sales target.

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Italy jobless rate hits new high

The unemployment rate in Italy reached 8.6% in November, the highest level since May 2010.

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UniCredit slumps to lowest since 1997 after pricing offer

UniCredit fell to the lowest level in Milan trading since 1997 following its heavily discounted rights issue.

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