In today's FT: Osborne looks at ‘bad bank’ for RBS, PRA identifies ...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/G8OTZZ/EK8PY4/MZ7S4N/KEOMFH/   In today's FT Thursday June 20 2013 UK Homepage   Osborne looks at 'bad bank' for RBS Chancellor tells Mansion House the Treasury 'actively considering' how to start sale of Lloyds, while more radical restructuring may be needed at RBS http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/A5TRDE/XL/h?a1=2013&a2=6&a3=19   PRA identifies £26bn bank capital holes UK regulator is poised to reveal a £26bn capital holes at the country's lenders, with 90% of the total accounted for by RBS, Lloyds and Barclays http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/LSAG3U/XL/h?a1=2013&a2=6&a3=19   Asia joins sell-off after Fed comments Ben Bernanke, Fed chairman, says US central bank could begin scaling back asset purchases later this year if the US economy continues to improve http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/SUX2BE/XL/h?a1=2013&a2=6&a3=19   Financial Times - US homepage   Bernanke sees 2014 end for QE3 Chairman says the Fed may slow its pace of asset purchases this year, assuming its expectations for an improved economic outlook hold true http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/9MLJKM/XL/h?a1=2013&a2=6&a3=19   Brazilian states in U-turn to defuse protests Thousands of people in the city of Fortaleza protested at a football match in the Confederations Cup, the warm-up tournament for the World Cup http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/LSAGPE/XL/h?a1=2013&a2=6&a3=19   Microsoft to scrap Xbox One restrictions Ahead of the One's launch in the fourth quarter, the core audience has been antagonised by proposed restrictions and the emphasis on entertainment http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/GYO1SL/XL/h?a1=2013&a2=6&a3=19   Financial Times - Europe homepage   IMF warns Spain against slowing reforms Fund praises Madrid but insists it needs more changes to the labour market to reduce the country's 27 per cent unemployment rate http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/XBE507/XL/h?a1=2013&a2=6&a3=19   Dolce and Gabbana guilty of tax evasion Two Italian fashion designers have been handed suspended sentences and a nearly €500m fine by a court in Milan for evading taxes http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/LSAG30/XL/h?a1=2013&a2=6&a3=19   US eyes prosecution of foreign cyber thieves Any charges would mark an escalation in the US response to what it has said is a growing number of attacks by foreign hackers on US businesses and government http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/Z89WV2/XL/h?a1=2013&a2=6&a3=19   Financial Times - Asia homepage   China cash crunch deepens as PBOC stalls A battle of wills is developing between China's central bank and some of the country's lenders as short-term interbank rates hit new record highs http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/VTY76J/XL/h?a1=2013&a2=6&a3=19   Apple ebook court case nears final chapter Apple points to figures that show that price for ebooks in the 'relevant market' of best sellers and new releases fell http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/HI0LJO/XL/h?a1=2013&a2=6&a3=19   Indonesian fires fuel Singapore pollution Forest fires on the Indonesian island of Sumatra send pollution in neighbouring Singapore soaring to the highest level in 16 years http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/MJZ8PG/XL/h?a1=2013&a2=6&a3=19   World News   Obama ready to cut US nuclear weapons US president uses the occasion of his first official visit to Berlin to call for a push on disarmament and a new global combat on climate change http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/6APQ47/XL/h?a1=2013&a2=6&a3=19   Brazil's BBQ protesters turn up the heat The inability of earlier, more festive protests to bring about social change over the past couple of years has also encouraged Brazilians to take a more direct approach http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/LSAG3A/XL/h?a1=2013&a2=6&a3=19   EU struggles to unlink banks from states Making bank rescue packages the responsibility of the EU rather than its member states has proven harder than many anticipated http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/GYO1S8/XL/h?a1=2013&a2=6&a3=19   Karzai suspends talks with US and Taliban Efforts to revive Afghanistan peace talks have hit an obstacle, with Kabul refusing to meet the Taliban and suspending separate talks with the US http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/7ZU9WH/XL/h?a1=2013&a2=6&a3=19   Fears rise over Portugal and Ireland bailouts Rising bond yields and long-term interest rates are adding to worries of how two countries will exit their programmes to tackle sovereign debt http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/B4HFYW/XL/h?a1=2013&a2=6&a3=19   Companies news and analysis - FT.com   UK widens scrutiny of hedge funds Financial regulator is to examine activities of US funds with operations in the UK and vet senior appointments with 'significant influence functions' http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/EK8PQE/XL/h?a1=2013&a2=6&a3=19   Eurotunnel fees too high, rules Brussels Brussels Commission to tell UK and France, which oversee the operator of the Channel tunnel, that they are in breach of European regulations http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/T1KAGA/XL/h?a1=2013&a2=6&a3=19   Stratasys to buy 3D printer start-up The listed Israel-based maker of higher-end 3D printers will acquire MakerBot, a producer of cheap 3D printers, for about $403m in an all-stock deal http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/HI0LJJ/XL/h?a1=2013&a2=6&a3=19   SandRidge terminates chief's employment Pressure from TPG-Axon and other investors followed period of underperformance for the shares, which have lost 92% of their value in five years http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/7ZU9WO/XL/h?a1=2013&a2=6&a3=19   NBA viewers a touch down on football Audiences for broadcasts of Finals games are about half what they were in 1998 broadcast between the Chicago Bulls and the Utah Jazz http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/FD6U9F/XL/h?a1=2013&a2=6&a3=19   Markets   Sprint falls after Dish sticks on offer Rising Treasury yields and rosy outlook from Fed hit defensive sectors, with telecoms, utilities, consumer staples and healthcare bearing the brunt http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/871SXF/XL/h?a1=2013&a2=6&a3=19   Dollar rises sharply after Fed comments Euro surrenders gains against dollar after US central bank made no changes to its bond-buying scheme and presented an optimistic economic outlook http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/CWBNIP/XL/h?a1=2013&a2=6&a3=19   Eurozone bonds turn havens amid QE nerves The lull may prove temporary as worries about the weakness of southern EU economies, the sustainability of government debt and political risks remain http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/EK8PQA/XL/h?a1=2013&a2=6&a3=19   Highbridge raises $3bn for direct lending Hedge fund is attempting to capitalise on the decline in traditional bank lending as regulation punishes banks for holding large and complex loan books http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/9MLJKV/XL/h?a1=2013&a2=6&a3=19   US mortgage rate jump cools demand Overall index of mortgage application activity, comprising refinancing and home purchase demand, has dropped 3.3%, according to latest data http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/871SXH/XL/h?a1=2013&a2=6&a3=19   Financial Times - Comment   Big Steel is a very big problem for China In terms of being a profitmaking enterprise, Wisco is a large part of an ailing, inefficient industry that Beijing appears unable to discipline http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/1OJKAB/XL/h?a1=2013&a2=6&a3=19   End the nuclear stand-off with Tehran Rohani has the authority to craft a compromise: he won a landslide victory in the popular vote and has the approval of the supreme leader http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/FD6U97/XL/h?a1=2013&a2=6&a3=19   America cedes cyber moral high ground After the NSA leaks it will be more difficult for Washington to cast China Inc as some unholy alliance of the state and a phoney private sector http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/7ZU9WA/XL/h?a1=2013&a2=6&a3=19   The trial of Fred Goodwin The idea of establishing a criminal offence of 'recklessly mismanaging a UK bank' makes one wonder how it might have applied to the ex-RBS chief http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/B4HFYS/XL/h?a1=2013&a2=6&a3=19   Britain's banks are still a danger to the real economy Is the UK economy now protected from the City? The simple answer is No – there is still some way for the reforms to go http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/LSAG3F/XL/h?a1=2013&a2=6&a3=19   Financial Times - Management   The death of a colleague The death of a colleague is still a workplace taboo but it can raise issues from dealing with the grief to marking their passing in a sensitive manner http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/ULDZ8I/XL/h?a1=2013&a2=6&a3=19   Time for a business push on migrants Without immigrants, there are not going to be enough people to look after us when we are old – and that applies to all of us, rich or poor http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/Z89WVI/XL/h?a1=2013&a2=6&a3=19   Local brands pursuing global recognition Rob Minto reviews 'Brand Breakout: How Emerging Market Brands Will Go Global' by Nirmalya Kumar and Jan-Benedict Steenkamp http://link.ft.com/r/G8OTZZ/GYT8ZG/6VRT5E/08HXNY/1OJKAR/XL/h?a1=2013&a2=6&a3=19   Special Reports - FT.com Sustainable Healthcare Yachts and Marinas New Trade Routes: Russia Rugby: Lions tour Video Lex Another banking review A UK parliamentary committee has published a 500 page report that proposes reforms to the banking system. Lex’s Nikki Tait and Oliver Ralph discuss the committee’s interest in the question of how to hold individuals responsible for misconduct. Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..