Papers

Mortgage bank Bradford & Bingley is expected to announce further details of a £12bn mortgage deal tomorrow as it announces its results for 2006, according to the Scotsman .

HBOS today shored up its strategic position in its 10-year banking partnership with J Sainsbury, paying £21m to buy a further 5% of Sainsbury's Bank, the embattled supermarket-based financial services operation, reports the Times .

HSBC stunned investors late last night with a stark warning its bad debt provisions would rise by $1.7bn as a result of US borrowers defaulting on their mortgages, says the Daily Telegraph .

Philip Hammond, shadow work and pensions secretary, hit out yesterday at the government's failure to help people who lost their life savings when company schemes went bust, says the Daily Telegraph .

Alan Steel Asset Management, a leading Scottish independent financial adviser, has been targeted by fraudsters, reports the Scotsman.

The Financial Ombudsman Service has warned banks they need to implement tougher codes of conduct to prevent mis-selling of credit cards and loans, especially to people on low incomes, reports the Guardian .

Pay settlements in the three months to 31 January have delivered the biggest average UK pay rises in nearly six years, raising fears last year's surge in energy prices will be converted into permanently higher inflation, reports the Times.

The Scotsman takes note of yesterday's figures from asset manager F&C, in which it reported a further £5bn in institutional mandates are to be lost.

Punters are braced for the government's announcement today of the location of the country's first ‘super casino' - widely tipped to be placed in the Greenwich area of London.

The trade union which represents senior civil servants has been dumped by its financial advisers because its members are not rich enough, reports the Guardian .