Monday Papers: Santander could hire 6,000 new staff - other news

Financial Times

* Santander is set to launch a recruitment drive that could see it hire 6,000 people as it presses ahead with UK expansion.

* Global banks boosted lending outside their national borders by $700bn, or 2.1%, to $33,400bn in the first quarter of this year, according to figures from the Bank for International Settlements.

* Investors in loss-making money market funds are less likely to be bailed out by fund sponsors in the future, according to Moody’s.

* Spain’s cajas de ahorros are undergoing the biggest upheaval in their 175-year history as a result of the global crisis.

* The eurozone debt crisis is about to enter a critical phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies.

* Giulio Tremonti, Italy’s finance minister, has conceded that the government must take fresh steps to improve the country’s sluggish growth rate.

* “No one will escape” tighter financial supervision in the European Union in the future, warned the bloc’s Internal Market Commissioner.

The Daily Telegraph

* Britain's six biggest banks have commissioned a report to profile the creditworthiness of their business customers in a bid to break the deadlock with the Government over lending levels.

* The Government must radically simplify the latest corporate pensions rules or risk damaging job creation in the UK, the British Chambers of Commerce warned.

* Partners in PricewaterhouseCoopers have suffered a 7% drop in their profit-sharing pot and lost further ground to rival Deloitte.