'Draconian' bank reforms will spark crisis - today's papers

Pressure is growing on the Government to pull back from imposing draconian new rules on banks amid worries that a new banking crisis is brewing, writes the Telegraph.  Less than two weeks before the publication of the final report of the Independent Commission on Banking, senior politicians and financiers have warned its recommendations could imperil Britain's banks. Andrew Tyrie MP, chairman of the Treasury Select Committee, told The Daily Telegraph he was worried that pushing banks to take on more expensive funding could damage them at a time when they are ill-equipped to deal with ...