What the Sunday papers said
Monday 30 July 2012
The Independent on Sunday: Banks face giant bill for IT upgrade after causing chaos
Britain's beleaguered banks must quickly inject billions of pounds into their creaking IT systems, on top of forking out for the many scandals that will continue to hit banking results this week. The warning from software firm Temenos comes after a computer meltdowns at NatWest and Nationwide that caused chaos for customers and hit the industry's reputation.
The Mail on Sunday: Rivals fear Tesco may push 'nuclear' price war button
Tesco's rivals and suppliers fear the supermarket giant may be planning a major price war if its recovery strategy does not work. The prospect that Tesco might be forced into dramatic action is being dubbed as its 'nuclear option' and rival chains are concerned about the impact.
The Sunday Telegraph: RBS's Irish arm takes £25m hit on interest-rate swaps debacle
Royal Bank of Scotland has forked out more than €30m (£25m) to a businessman who claimed he was mis-sold an interest rate swap by the bank. RBS's Irish subsidiary has agreed a settlement with David Agar that will see it write off swaps and loans worth €30m .
The Sunday Times: Britain heading for triple-dip recession next year
The UK economy could suffer a triple-dip recession next year after a brief recovery driven by the Olympic Games. Economists fear the Eurozone crisis will drag Britain back into recession next spring after a Greek exit early in 2013.
Swedish stars ask fans for £195 pledges on crowd-funding website
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Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute
The ten coldest places on Earth
Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
Krokodil in Mexico? Teenager hospitalised after 'injecting drug into her genitals'
Nelson Mandela memorial: Cheers, jeers and a masterclass from Barack Obama that stole the show
- 1 Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute
- 2 It’s shameful that our universities have accepted gender segregation under pressure from the most oppressive religious fanatics
- 3 Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
- 4 Exeter to Edinburgh and back in a day: How one fresher's lost bet left him facing a 900-mile round trip
- 5 Selfie at funeral: Cameron squeezes in on Obama snap at Mandela memorial
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