Morning Wrap: today's top business stories
News stories from around the web.
Chinese police probe GSK deals (FT)
Chinese police are probing more than Rmb3bn ($489m) of transactions by GlaxoSmithKline dating back to 2007, according to the chief investigator.
Benefits cap of £500 a week rolls out across Britain (BBC)
A cap on the total amount of benefits that people aged 16 to 64 can receive has begun rolling out across England, Scotland and Wales.
Rent 'unaffordable' for low-income families in third of UK (BBC)
A third of Britain is effectively off-limits to lower-income working families because private rents are unaffordable, a new report claims.
The report comes from the Resolution Foundation, which campaigns on behalf of low to middle-income families.
GlaxoSmithKline accused of "criminal godfather" behaviour in China (Telegraph)
GlaxoSmithKline behaved like a criminal "godfather" in China, dispensing some 3 billion yuan (£323m) in bribes since 2007, Chinese police said on Monday.
Ailing Co-op Bank could seek billions from taxpayers (Telegraph)
Taxpayers risk having to provide billions of pounds of emergency support to the stricken Co-operative Bank if the mutual’s rescue plan fails.