BEAR STEARNS RESCUE COST US, ADMITS DIMON
The boss of JPMorgan Chase has admitted his regretfor the bank's rescue of its ailing rival Bear Stearns through acontentious deal brokered by Washington at the height of theglobal financial crisis.
The Telegraph FUND MANAGERS 'MUST SPEAK OUT'
Fund managers have been accused of being "silent" and atrisk of being seen as little different from investment bankers,in a warning from a top Bank of England policymaker.
BUMI BACKERS CLAIM PHONES WERE HACKED
The Indonesian backers behind the troubled coal group Bumi
have stoked tensions prior to a board meeting onThursday by alleging that their telephones and emails have beenhacked.
CAMERON: I WANT PRIVILEGE FOR ALL
David Cameron on Wednesday took on those who criticise himfor being out of touch with ordinary people by declaring that hewanted everyone to enjoy the kind of privileged upbringing heexperienced.
The Guardian MERKEL BLAMED FOR COLLAPSE OF BAE/EADS MERGER The mega-merger between BAE Systems and EADS collapsed On Wednesday as a result of personalopposition from the German chancellor, Angela Merkel. The Independent BAE BOSSES FIGHT TO SURVIVE AFTER COLLAPSE OF MERGER
The chairman and chief executive of BAE Systemswere fighting to keep their jobs on Wednesday after the mergerwith EADS they had sold heavily to shareholderscollapsed under the weight of political infighting.
FACEBOOK PAYS LITTLE IN UK CORPORATION TAX
Facebook was accused on Wednesday of "disingenuousand immoral" tax avoidance after a new analysis of its UKbusiness suggested the social networking giant paid just 238,000pounds in corporation tax in Britain last year.
($1 = 0.6242 British pounds)
(Reporting by Stephen Mangan; Editing by Eric Walsh)
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Keywords: PRESS DIGEST BRITISH BUSINESS OCT 11