March 31 The following are the top stories in
the Financial Times. Reuters has not verified these stories and
does not vouch for their accuracy.
DEPARTING LLOYDS CHAIRMAN CALLS FOR RETURN TO "COSY"
UK FINANCIAL SERVICES SET TO ADD 26,000 JOBS
SOCGEN ACCUSED OVER LIBYA DEALS
GLENCORE CLOSER TO IRON ORE AMBITION
AFRICA'S DIGITAL MONEY HEADS TO EUROPE
Outgoing chairman of Lloyds Banking Group, Sir Win
Bischoff, calls for informal banking regulation opposed to the
rule-book style of regulation followed by regulators.
UK's financial services sector is set to add up to 26,000
jobs in the year to June according to an industry survey by the
CBI employers' group and PriceWaterHouseCoopers.
The Libyan Investment Authority has accused France's
second-biggest bank Societe Generale of funnelling
bribes worth tens of millions of dollars to associates of Saif
al-Islam, the son of former Libyan leader Muammar Gaddafi.
Glencore Xstrata Plc has reached a preliminary deal
for a $1 billion contract for access to railway and port
facilities with Mauritania as part of its plans to expand into
iron ore mining.
The London-listed telecom giant Vodafone has
acquired an e-money licence to expand in Europe, with plans to
launch M-Pesa in Romania, after the success of its mobile
payment system in sub-Saharan Africa.
(Compiled by Aashika Jain in Bangalore; Editing by Eric Walsh)