PRESS DIGEST-Financial Times - Nov 23

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- UBS chief Sergio Ermotti calls for tougher sanctions on negligent bankers - Nissan set to build two new electric models at its Sunderland plant

- Scotland's Grangemouth refinery to close in early 2025 - Rio Tinto to pay $28 mln penalty in US settlement over Mozambique mine

Overview - UBS Chief Executive Sergio Ermotti on Wednesday called for greater powers for Switzerland's financial regulator and sanctions for negligent bankers in the wake of Credit Suisse's collapse.

- Japanese carmaker Nissan will announce on Friday that it will build two new electric models at its UK plant as part of an investment expected to be worth more than 1 billon pounds. - Scotland's only remaining oil refinery at Grangemouth will cease operations in 2025, its owner Petroineos said on Wednesday, putting about 400 jobs at risk as the company grapples with lower demand and tightening margins.

- Rio Tinto said it will pay a $28 million penalty to the U.S. Securities and Exchange Commission to settle a suit over a failed $3.7 billion coal deal in Mozambique more than a decade ago. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)