Banks may be forced to disclose €1m pay deals - today's papers

Controversy over City pay may be re-ignited by a new European directive that would force pay deals over €1m (£880,000) to be disclosed by banks.

The requirement, buried in a 700-page document largely concerned with the amount of capital a bank must hold, was likened by pay experts to an idea raised by Sir David Walker, the City grandee who was commissioned to look at corporate governance in banks by the Labour government. MORE...

Business Secretary Vince Cable called on the Bank of England to expand money supply if demand continues to falter following a promise by Chancellor of the Exchequer George Osborne to support economic growth. MORE...

The proposed £2.5bn sale of 632 Lloyds Banking Group branches has been thrown into disarray after it emerged that just two formal bids have been made. MORE (Sunday Times)...

British business is caught in an investment freeze that threatens to slow the already fragile economy, a survey shows today. Fewer than a fifth of businesses plan to boost investment for growth in the next six months, according to the Lloyds TSB Commercial Business in Britain report. MORE...

Payouts by UK companies to shareholders have reached their highest level for three years, according to the latest Dividend Monitor from Capita Registrars. MORE...