PRESS DIGEST- British Business - Nov 10
Nov 10 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Under rules published Monday by the Swiss-based Financial Stability Board, the most systemically important banks, including British lenders such as Barclays Plc and HSBC Holdings Plc, will have to raise almost 800 billion pounds ($1.21 trillion) by 2022 in an attempt by regulators to prevent taxpayers having to bail out failed lenders. (thetim.es/1PyxMXf)
BHP Billiton Plc faces a $1 billion clean-up operation after the collapse of two tailings dams at the Samarco iron ore mine in Brazil, in what looks likely to be the worst industrial disaster to involve a British company in a generation. (thetim.es/1Pyy3tc)
Under the headline "We're Working to Make Things Right", Volkswagen AG on Monday launched a webpage where Volkswagen owners can enter their vehicle identification numbers and learn whether they qualify to receive up to $1,000 to compensate them for their unwitting role in one of the worst car scandals in history. (bit.ly/1PyyaVE)