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Press Digest from FN

A round-up of stories making the news this morning...

Press Digest from FN

Bank lobby to approach EC over RBS' W&G alternative
A group of small banks, including CYBG and Secure Trust Bank, will lobby the European Commission, urging that Royal Bank of Scotland “sweeten” a £750m deal proposed as an alternative to the sale of Williams & Glyn. (Times)

Fidelity and Guaranty terminates $1.6bn sale
Fidelity and Guaranty Life Insurance has terminated a $1.6bn deal to sell itself to Beijing-based Anbang Insurance. The move will allow Fidelity and Guaranty to pursue other strategic alternatives. (WSJ)

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire