Sunday Papers: Bankers 'shun London' due to higher taxes - money news

The Sunday Times

* Standard Chartered chief Peter Sands warns that higher taxes and tighter rules put financiers off the City and damage London's global status.

* Ivan Glasenberg, chief executive of Glencore, could make as much as $7.5 billion from the float of the world’s biggest commodities trader.

* Talking meerkat adverts for insurance comparison website has helped raised dividend of parent firm BGL Group by 30%.

* Equitable Life is seeking £2 billion in government compensation for the policyholders who lost out when the company nearly collapsed.

* Homeowners are being urged to take advantage of the cheapest fixed-rate home loans on record and to remortgage before interest rates start to rise.

* Millions more taxpayers are set to receive fresh demands from the Revenue due to the recent PAYE tax codes fiasco.

The Independent on Sunday

* British Gas's 8,000 engineers will get a "landmark" 11.3% wage increase in exchange for working a 45-hour week in the winter to tackle the increase of blackouts.

* Vince Cable, the Business Secretary, will step up the pressure on the UK's high street bankers tomorrow morning when he confronts them at the first meeting of the Small Business Economic Forum.

* US banks to post rise in profits, but investment income slumps; mixed third-quarter predictions blamed on 'lacklustre trading environment'.

The Sunday Telegraph