Deal International: SocGen, UBS and more

Stay tuned to TheDeal.com and Deal International for updates on these stories and more.
 
Societe Generale SA
Banking news top headlines out of Europe again Wednesday morning. SocGen's board meets Wednesday to discuss the fate of chairman Daniel Bouton as mooted suitor BNP Paribas SA emerges relatively unscathed from the subprime fallout in the fourth quarter.
 

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UBS
Meanwhile Swiss bank UBS warns it will post a full-year loss of more than $4 billion after fouth-quarter subprime-related write-downs exceeded an earlier forecast.
 
Kaupthing Bank hf-NIBC Holding NV-JC Flowers & Co. LLC
Iceland's Kaupthing Bank pulls a deal to buy investment bank NIBC from JC Flowers for $4.4 billion, blaming market instability.
 
U.K. government moves to stabilize banks
In England, the government, Financial Services Authority and Bank of England launch a consultation designed to make institutions more stable as Bank of England Governor Mervyn King gets another five years in the top job.
 
Pearson plc-Gruner + Jahr
In M&A news, Pearson abandons an eight-year attempt to become the dominant German daily financial newspaper, selling its 50% of FT Deutschland to Gruner + Jahr.
 
Unibail-Rodamco SA
Unibail-Rodamco sells shopping centers and other stores in the Netherlands for $1.2 billion.
 
Actividades Construccion y Servicios SA-EDF-Iberdrola SA
Spain's Grupo ACS downplays an FT report that it has worked on a bid with France's EDF for Spanish construction group Iberdrola, saying that no there's no deal.
 
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