Deals of the day-Mergers and acquisitions

** The Federal Reserve Board of Governors said it has approved UBS Group AG's acquisition of the U.S. subsidiaries of Credit Suisse Group AG, clearing the way for the Swiss-brokered deal in the U.S.
** Canadian copper miner Teck Resources' biggest shareholder, China Investment Corp (CIC), has backed Glencore's takeover offer, which would allow investors to exit their coal exposure for cash, Bloomberg News reported.
** HSBC's planned sale of its French retail banking business to Cerberus-backed My Money Group may fall through due to interest rate rises in France that have boosted the amount of capital the buyer will need after completion, the British bank said.
** Digital media conglomerate Starboard said it has bought Parler for an undisclosed sum and will temporarily shut down the social media app popular with U.S. conservatives to give itself time to roll out a revamped version of the platform.
** Power company Iberdrola plans to sell and lease back land on which some of its wind and solar farms are located as it seeks to lower its borrowing costs, according to three sources close to the deal.
** Reliance Industries Ltd's Viacom18 will receive an investment of 43.06 billion rupees ($527.84 million) from Bodhi Tree, about 70% less than what was planned by the joint venture between James Murdoch and a former Star India executive.
** British consumer lender Non-Standard Finance (NSF) said it has agreed provisional terms with its lenders to convert 71 million pounds ($89 million) of secured debt into equity as part of a recapitalisation that would likely wipe out existing shareholders.
** LVMH , the world's largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse, with an eye to bulking up production for its U.S. jeweller Tiffany. Financial terms of the deal were not provided.
** CK Hutchison's senior leadership met British government officials last month to seek political support to merge its Three UK mobile network with Vodafone UK in a deal set to receive intense regulatory scrutiny, three sources said.
** Nissan is developing growth plans in areas such as software and electric vehicles independent of Renault SA as the automakers work to finalise terms of a sharply limited alliance, said seven people with knowledge of the matter. (Compiled by Anne Florentyna Gnanaraja Sekar and Pratyush Thakur in Bengaluru)