Sunday Papers: New fears over break-up of UK's banks - other news

The Sunday Telegraph

* The Independent Banking Commission will reveal this week that its investigation will go much further than the issue of splitting the banks apart and look at the lack of competition in the retail sector.

* Future generations should not expect to inherit wealth from their parents following the ravages of the worst financial crisis since the 1930s, according to a survey of consumer finances by Janus Capital Group.

* The Government was facing fresh pressure on its policy of capping immigration after the chief executive of General Electric, one of the UK's largest employers, said that the policy was damaging its ability to do business.

* Ireland's finance minister Brian Lenihan moved to calm markets with a rebuttal of a report that Ireland is 'perilously close' to a debt crisis.

* T. Boone Pickens, the legendary American oil investor, believes BP's shares are "cheap" at current levels; he argues the oil giant will spend only a fraction of the $20bn the US government has demanded it pay for clean-up and compensation costs.

The Observer

* Britain will this week press the United Nations to adopt a five-year blueprint to eradicate poverty in the world's poorest countries.

* SuperGroup and its fashion label Superdry record a 60% jump in sales over the summer – so much for gloomy market predictions.

The Independent on Sunday

* EDF Energy is looking to secure high-level agreements with the UK's largest unions to remove any threat of strikes on a proposed £20bn nuclear power plant.

* The Association for Financial Markets in Europe is scheduled on next Wednesday to publish a groundbreaking report that examines the causes of the financial crisis, as well as showing what needs to be done to reduce risks in future.