What the Sunday papers said
Monday 04 February 2013
Royal Bank of Scotland has moved to calm investor fears over the future of its chief executive Stephen Hester, as chairman Sir Philip Hampton privately promised shareholders Mr Hester will stay well into next year. The news comes as the taxpayer-owned bank is expected to be hit with a £500m fine by US and UK regulators this week, just as it pays bankers £250m in bonuses.
The Sunday Times: EE owners near to appointing advisers for LSE flotation
Deutsche Telekom and France Télécom are close to appointing advisers for the flotation of Britain's biggest mobile-phone operator, Everything Everywhere, on the London Stock Exchange. The pair are expected to raise more than £1bn a piece by selling 25 per cent stakes in the group, which was formed from the merger of their T-Mobile and Orange units. A flotation is expected this autumn.
The Mail on Sunday: MPs crank up the pressure on bank chiefs over bonuses
Bank bosses will come under fresh pressure to surrender their bonuses and slash payouts to colleagues when they appear before MPs. The chief executives of Barclays, HSBC and Lloyds are due to be questioned by the parliamentary Commission on Banking Standards this week. Lloyds' Antonio Horta-Osorio and Barclays' Antony Jenkins have already ruled out receiving a bonus themselves this year.
The Sunday Telegraph: Osborne in last-ditch talks over ringfencing banks' varied roles
George Osborne was locked in last-ditch talks over plans for new powers to split up Britain's banks if ringfencing retail and investment banking divisions is deemed not to have worked. The Chancellor, who is giving a speech on the issue this week, is expected to oppose a "blanket" power for regulators to break up banks. He also wants RBS to pay Libor fines from its bonus pool.
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 2 Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
- 3 Belgium fan Axelle Despiegelaere lands L'Oreal campaign after World Cup viral photo
- 4 Britney Spears sings 'Alien' without Auto-Tune in embarrassing leaked audio clip
- 5 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Mick Jagger denies being World Cup curse and reason for Brazil’s embarrassing defeat
Israel-Gaza crisis: ‘We just want it to end… We don’t deserve to live like this’
Israel-Gaza crisis: Eight killed in Gaza Strip cafe while watching World Cup semi-final
Sustained immigration has not harmed Britons' employment, say government advisers
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
There’s a nasty smell in the political air – and it’s coming from the Tories
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