Independent on Sunday: Standard Chartered board split over rights issue
Standard Chartered’s board is divided over whether a rights issue is needed to strengthen its balance sheet after a tough year’s trading in emerging markets. The need for a cash call has been discussed privately between directors rather than at a formal board meeting.
Mail on Sunday: Fashion bosses consider fraud case against RBS
After allegations that Royal Bank of Scotland destroyed small firms for profit, former directors and shareholders of the failed fashion chain Peacocks are considering a complaint to the Serious Fraud Office. No national chain has yet begun a case against RBS.
Sunday Times: Diamond returns with plan to buy African bank
Bob Diamond, who resigned as chief executive of Barclays last year after the bank admitted rigging interest rates, is close to an audacious return to the City. The American has set up a cash shell, Atlas Mara, with the entrepreneur Ashish Thakkar, to buy a bank in Africa.
Sunday Telegraph: ‘Boris island’ scheme for airport may be ditched
Boris Johnson’s aviation adviser has admitted that proposals for a new hub airport in the Thames estuary are “at risk” of being ditched by Sir Howard Davies when he publishes a shortlist of options for additional runway capacity in the South-east.