SIR Mervyn King ripped into Britain’s banks yesterday — claiming they need to raise £35billion to get back in the black.
The BANK OF ENGLAND Governor said they were woefully underestimating potential losses from Europe.
And he warned they faced billions more pounds of potential fines and penalties from PPI and Libor. In all, banks may need to raise another £35billion to shore up their balance sheets — and guard against disaster.
CORPORATE sponsorship is breaking new ground as TALKTALK funds … lollipop ladies.
The self-styled “value” telecoms group is in talks with Wandsworth Council in South West London.
Initially, TalkTalk expects to pay for three school crossing patrols but sources claim up to half of the part-time council workers could be funded by the firm. Talks to confirm a deal took place yesterday.
A TalkTalk spokesman said the move was designed to promote its HomeSafe internet security product.
He told The Sun: “We’re like the Green Cross Code of the internet.” TalkTalk sponsored two patrols in Bedfordshire this summer.
The tie-up comes four months after the Tory-led council sparked fury by saying it couldn’t afford £198,000 a year for school crossing patrols. Only this week Wandsworth announced plans to spend £35,000 on new trees.
In a move that sent hundreds of pre-match previews up in flames, Queens Park Rangers manager Mark Hughes was dismissed from his post after a run of 12 games without a win and with his team bottom of the Premier League.
Without any background or contextual information, the sacking is a black and white affair, something that few can have any complaints about.
If an individual employed to nurture players into a cohesive unit that is able to function effectively in the Premier League fails to do this once over a dozen matches, then he deserves to be fired for effectively breaching the terms of his contract.
Feel comfortable at the thought of Robin van Persie running at Anton Ferdinand in a one-on-one contest in front of 75,000 supporters? Me neither.
This game is nothing short of terrifying, pitting winless Queens Park Rangers against the fearsome might of Manchester United in a match where one side will be driven back to London on a stretcher, with frantic medics desperately resuscitating the lifeless QPR corpse down the M1. Who will come out on top? It is not even a question worth asking.
With the dust barely having settled on the departure of Mark Hughes and arrival of Harry Redknapp as Queens Park Rangers manager, the Rs travel to Sunderland to take on Martin O’Neill’s struggling side.
Having failed to win their opening 13 games, surprisingly Rangers have not yet been cut adrift. A victory here would not only haul The Black Cats into the relegation battle, but bring QPR to within four points of safety.
Can Harry Houdini make an early start on his latest great escape with a win in the north east?
No sooner had it been confirmed that Queen’s Park Rangers manager Mark Hughes had been sacked, than reports were springing up on television, social media and the internet that Harry Redknapp was being interviewed by the club.
It is hard to avoid the feeling that the dismissal of Hughes has been a week-long affair. On Monday, when it was falsely announced that the Welshman had been given his marching orders, there was clearly no smoke without fire.