Jason A Redburn

NRG Energy Inc. (NRG) and GenOn Energy Inc. (GEN) said Sunday they plan to merge in an all-stock deal valued at about $1.7 billion that would create the largest U.S. competitive power company.

Taiwanese cell-phone maker HTC Corp. is selling back part of its stake in sound gear maker Beats Audio, HTC said on its website Sunday.

The International Monetary Fund is expected to cut off further rescue aid to troubled Greece, reports said Sunday.

Banco Santander SA (SAN) will shut 96 high street branches as part of its effort to complete the integration of the British lenders it bought during the financial crisis, the Sunday Times reported.

U.K. oil giant BP PLC (BP.LN) has proposed that its Russian joint venture TNK-BP pays shareholders a $1 billion interim dividend, TNK-BP said in a statement.

Andy Haste, the former chief executive of RSA Insurance Group PLC (RSA.LN), is leading a private-equity consortium looking to bid for Direct Line Group, the insurance business being sold by Royal Bank of Scotland Group PLC (RBS.LN), the Sunday Telegraph reported.

Lloyds Banking Group PLC (LYG) is set to signal that it will bring forward its so-called "ring fence", or separation of retail and investment banking, ahead of the 2019 deadline demanded by the Independent Commission on Banking, the Sunday Telegraph reported.

Barclays PLC (BCS.LN) Deputy Chairman Michael Rake has shunned the chance to become chairman of the beleaguered bank, and Rich Ricci, Chief Executive of Barclay's investment banking arm, pulled out of the race to become CEO of the parent company, U.K. newspapers reported Sunday.

Credit Suisse Group (CS) President Urs Rohner said the bank has no plans to split off, or sell its investment bank business, according to an interview in the Neuer Zuercher Zeitung.