What the Sunday papers say

Click to follow
The Independent Online

The senior policeman at the centre of the News of the World phone hacking investigation is now working on corporate fraud cases for a security company that advised on the Royal Wedding. John Yates, dubbed "Yates of the Yard", who led Scotland Yard's counter-terrorism unit, was involved in a string of high-profile probes including the cash-for-honours scandal and Jeffrey Archer perjury case.

The Sunday Times: Convenient truth: Al Gore in $30m Apple windfall

Al Gore, the former US vice-president, has added nearly $30m (£19m) to his burgeoning wealth, following a lucrative share deal with Apple, where he has spent 10 years on the board. Last week, the global warming campaigner quietly triggered a share package he was given by Apple founder Steve Jobs. In 2003, Mr Gore was given the right to buy 59,000 shares at $7.475. They now trade at $500.

The Mail on Sunday: Coalition to reap huge windfall from 4G radio deposits

The Government's auction of the 4G radio spectrum will earn it a multi-million-pound windfall from interest on the huge obligatory deposits of bidders. The seven bidders must deposit 50 per cent of their maximum first bid with Ofcom to qualify to remain in the bidding process. Bidders have each had to deposit at least the equivalent of the reserve price for the auction – £1.3bn – with the regulator.

Rate swap scandal: Mis-selling bill to top £1.5bn for banks

The cost of compensating businesses for the mis-selling of complex derivative products is to double to more than £1.5bn across the UK's major banks. At least one of the "Big Four" banks – HSBC, Royal Bank of Scotland, Lloyds and Barclays – is poised to increase its provision for the sale of interest rate swaps to small and medium-sized firms by more than twofold.