UPDATE 1-Market Chatter-Corporate finance press digest

Dec 3 (Reuters) - The following corporate finance-related stories were reported by media: * Swiss bank UBS AG is close to a settlement with U.S. and British authorities and is expected to pay more than $450 million over claims that some of its employees submitted false Libor rates, the New York Times reported. * It will take a decade to fully return Royal Bank of Scotland to the private sector, the state-owned lender has predicted, according to the UK's Times newspaper on Monday. T