PRESS DIGEST- Financial Times - June 29

Headlines - UK government looks at nationalising Thames Water as crisis deepens - Jeremy Hunt to review profits in UK food industry supply chain - Police raid more than 20 offices and premises in Adler Real Estate probe - Big US banks would lose $541bn in doomsday scenario, predicts Fed Overview - Ministers have discussed a temporary nationalisation of Thames Water as investors and the government braced for the potential collapse of the debt-laden utility.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK government looks at nationalising Thames Water as crisis deepens - Jeremy Hunt to review profits in UK food industry supply chain - Police raid more than 20 offices and premises in Adler Real Estate probe - Big US banks would lose $541bn in doomsday scenario, predicts Fed

Overview - Ministers have discussed a temporary nationalisation of Thames Water as investors and the government braced for the potential collapse of the debt-laden utility. - UK Chancellor Jeremy Hunt is to scrutinise profits in the food industry supply chain as part of a series of steps agreed with UK regulators to try to help households and squeeze high inflation. - Police raided more than 20 offices and premises on Wednesday as part of a sprawling investigation into suspected false accounting, market manipulation and breach of trust at controversial German property group Adler Real Estate. - The largest U.S. banks would lose $541 billion in a hypothetical doomsday economic scenario but still have more than enough capital to absorb the losses, according to annual stress tests conducted by the Federal Reserve. (Compiled by Bengaluru newsroom)