The Independent on Sunday: Germany ratchets up inquiry into interbank rate deals
German regulators have begun an intensive inquiry into Deutsche Bank over its involvement in setting Libor rates as regulators around the world investigate claims that the key interest rates were manipulated. BaFin, the German regulator, has moved an existing inquiry to the status of "special investigation process". The results are expected later this month.
The Mail on Sunday: Farepak victims call for more compensation
Farepak campaigners are set to press for an extra £10m in compensation for customers hit by the collapse of the Christmas hamper business from HBOS, now part of Lloyds Banking Group. The bank has already paid out £10m, including an £8m payment made last week. The campaigners, Unfairpak, are to meet the Business Secretary, Vince Cable, this week.
The Sunday Times: Marks & Spencer to reveal worst results in three years
Marks & Spencer is set to reveal its worst quarterly trading in three years at its annual meeting tomorrow, adding to the pressure on its chief executive, Marc Bolland. The high street stalwart is expected to report a 7 per cent fall in sales of clothing and homeware for the last quarter, fuelling fears it will have to cut its profits forecast for the year to March 2013 from £700m to £680m.
The Sunday Telegraph: Battle of the oligarchs heads for London courts
The owner of Chelsea FC, Roman Abramovich, is expected to be a witness in the High Court clash between the Russian billionaires Oleg Deripaska and Michael Cherney. Mr Cherney says he was a shareholder and partner in Mr Deripaska's aluminium business. Mr Deripaska says that payments made to Mr Cherney were "kyrsha" – extortion. The case starts today.Reuse content