HSBC profits near double to $8.43bn in 'calmer waters' (Telegraph )
HSBC has reported its best quarterly performance in several years as Britain’s largest bank saw its pre-tax profits nearly double to $8.4bn.
Glass Lewis joins call for Dimon to split roles (FT )
Jamie Dimon’s prospects of holding on to his chairmanship of JPMorgan Chase darkened on Tuesday as a second shareholder advisory group recommended he be stripped of the role.
Glass, Lewis followed ISS in advising shareholders to vote for a split in Mr Dimon’s chief executive and chairman roles at an annual meeting in Tampa on May 21.
Consumers forced to cut back on savings (Telegraph )
A third of savers say will not be able to afford to put away as much in the coming months.
UK projects at risk after China funding threat (Telegraph )
The Daily Telegraph understands that China's sovereign wealth fund will not be able to invest in long-term British projects until a solution to the diplomatic stand-off, caused by David Cameron's meeting with the Dalai Lama last year, has been reached.
The Beijing government believes Britain needs to make amends before relations can return to normal.