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In the papers: Banks, Greece and Lloyds

Last updated: 08:00 11 May 2015 BST, First published: 07:00 11 May 2015 BST

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Times                     

Another full year of rock-bottom interest rates will be one outcome of the Conservative victory at the polls, analysts have forecast.

Lloyds is being challenged for paying its Chief Executive £11.5mln despite a £12bn bill for misselling payment protection insurance.

Barclays set to pay £2bn over forex scandal as the big investment banks make final settlements with British and US authorities.

A slump in the oil price and a strong pound wiped billions off the sales and profits of Britain’s biggest companies last year.

Lawyers take to the pitch after Sainsbury’s Bristol Rovers deal collapses.

Independent

Tesco has dumped its auditors of 32 years, PwC, in the wake of the £263mln accounting scandal that hit the supermarket last year.

Cheap flights across the Atlantic helped to boost the number of passengers passing through Gatwick airport to a record 3.2 million last month.

Financial Times

The government has capitalised on a recent rally in Lloyds Banking Group shares to sell down its stake in the bank to below 20% in a move likely to be announced this week.

Funds run by Prudential and Neil Woodford have agreed to back a rapid rollout of ultrafast broadband networks in rural areas of the UK.

Daily Telegraph

BG staff must compete for jobs after Shell takeover, says Boss Helge Lund.

Greece's "war cabinet" has resolved to defy the European creditor powers after a nine-hour meeting on Sunday, ensuring a crescendo of brinkmanship as the increasingly bitter fight comes to a head this month.

Shop Direct has called time on the Littlewoods catalogue after more than 80 years as consumers switch to online shopping at a rapid pace.

HSBC to lend £8bn to UK's small businesses.

Alibaba, the Chinese online retailer, has moved to increase its foothold in the US by building a stake in a website that runs “flash sales”.

Business leaders were this weekend preparing to fight to keep Britain in the European Union after David Cameron’s election triumph set the stage for a referendum on membership of the bloc.

Guardian

Eurozone politicians are hoping for glimmers of a long-awaited economic rebound this week, with growth in the single-currency bloc forecast to beat both the UK and US.

Electricity grid holds back renewable energy, solar trade body warns.

Daily Mail

Interest rates set to be frozen again when Bank of England sets borrowing costs for first time since General Election.

Bidding war looks set to break out for Dunnhumby - operator of Tesco's Clubcard loyalty scheme.


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