Newspaper headlines: 'Banker bashing', G7 summit and homework ban

It's another day of wide-ranging front page headlines, with the Financial Times reporting that Chancellor George Osborne is about to offer something of an olive branch to the banks.

The paper says Mr Osborne will defend rules intended to avert another financial crash, and his pre-election decision to increase the bank levy.

But he will reassure a Mansion House audience next week that he now wants to see stability.

A spokesman for the chancellor tells the FT: "We have reached a position that is sensible - there is a sense that this is a settlement. We are in a stable position."

The paper says: "Mr Osborne's attempt to draw a line under years of escalating regulation and bank taxes is unlikely to satisfy some bankers, who believe the regime is already so onerous that some banks will be driven out of Britain."

In contrast, the papers reflect on the £117m fine handed to Lloyds Bank for mis-handling payment protection insurance complaints.

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Image caption Will George Osborne be building bridges with the City?

The Times says top executives were stripped of millions of pounds in bonuses after the City watchdog hit the bank with a record fine for failing to compensate victims of one of Britain's most notorious financial scandals.

The Times says the regulator's penalty comes nearly two years after the paper exposed serious failings in Lloyds' PPI complaints handling operation.

In a leading article, the paper says the case - and that which is going on with Fifa - demonstrates the importance of journalists challenging organisations that have no culture of self-criticism and poorly developed safeguards.

"The fine of £117m imposed on the Lloyds Banking Group by the Financial Conduct Authority was the culmination of a process that began two years ago when one of our reporters stuffed a secret manual into his trousers and used a phone to snap its 90 pages in the lavatory," it states.

"The manual advised Lloyds' complaint handlers to turn a blind eye to the possibility of fraud and advised that most hapless customers would drop their complaint if rejected at the first hurdle."

Calling it "another day of shame" for the bank, the Mail comments: "After Lloyds Bank received a record fine for mistreating its customers over PPI mis-selling, its £11.5m-a-year chief executive Antonio Horta-Osorio was docked precisely £350,000 in bonuses.

"This is the equivalent of under 10 days' salary and will come out of a shares bonus due in 2018. Doesn't such a token gesture just prove the contempt in which the bank holds its long-suffering customers?"


Colditz's sister

The papers take a look ahead to the forthcoming two-day G7 summit in Germany.

On its front page, the Independent pictures the gathering police presence in scenic Schloss Elmau with the mountains of Bavaria providing a backdrop.

The Independent says the emphasis at Colditz's sister castle is on excluding the riff-raff - "including Vladimir Putin" - rather than keeping its elite and willingly incarcerated residents under lock and key.

"Ten miles of specially imported Slovak-made barbed wire fencing and more than 17,000 police will attempt to ensure that Schloss Elmau remains sealed off from the rest of the world," it says.

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Image caption Security is tight for the G7 summit in Germany

The Guardian says David Cameron will use the summit to make a wider call about corruption, in the wake of the Fifa crisis.

"The prime minister will criticise what he will call a widespread taboo in pointing the finger at corrupt institutions, and will say the Fifa scandal has shown how focusing on an organisation can provide the impetus for cleaning up operations," says the Guardian.

The Telegraph says the prime minister will call on world leaders to "shine a spotlight" on graft amid concerns that aid funded by taxpayers is being siphoned off by criminals and unscrupulous politicians.

For the Financial Times, a key issue at the summit will be Greece after the country's Prime Minister Alexis Tsipras told Greek MPs he could not accept "absurd" bailout proposals from the country's creditors.


'Fresh thinking'

The head of the prestigious Cheltenham Ladies' College suggests in an interview with the Times that homework could be banned to save pupils from depression.

The paper says the school will set its pupils' wellbeing on a par with their academic grades and give them more of a say in the day-to-day running of lessons and extracurricular activities.

From September, pupils will attend weekly meditation classes and be given twice as long to walk between lessons. Teachers are also being trained to spot the signs of depression and anxiety.

A total of 92% of GCSE grades were A* or A last year at the 162-year-old school.

Principal Eve Jardine-Young tells the Times: "We will have to look at how we are doing things. Will we even be doing prep?

"What we've been reflecting on a lot in the last few years are the big national trends and international trends in the worsening states of adolescent mental health.

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Image caption Could homework become a thing of the past?

"We've created this epidemic of anxiety for ourselves as a society, and if our obligation as educators is to try to the best of our ability to set young people up as best we can for whatever the future may hold, then to ignore this whole area or to trivialise it is really irresponsible."

Although heads of other leading independent schools are quoted as disagreeing with Ms Jardine-Young, the Times praises her for her approach.

"Fresh thinking is needed and is what Ms Jardine-Young seems to have in mind: less formal homework but not less learning, which might be accomplished in clubs or online instead of hunched over text books," it says.

"Her young ladies should not celebrate yet, but they may become guinea pigs in a win-win experiment. It is certainly an important one."

Something else that will be off the curriculum at another independent school is cricket.

The Telegraph says Morrison's Academy in Crieff, Perthshire, has drawn stumps on the sport because the pressure of studying for exams and wet weather do not leave pupils with enough time to master the game's complexities.

The school had placed cricket at the heart of its summer curriculum for more than a century, says the Times, believing implicitly in cricket's core, character-building virtues: exercise, commitment, team spirit, competitiveness and pride.


Web search

It might not be everyone's favourite food, but the Telegraph reports that the seemingly humble beetroot has hit a "purple patch".

The paper says sales have reached nearly £1m a week as the vegetable benefits from its status as a "superfood".

Fresh beetroot sales have risen from £42m in 2013 to £50m this year as it moves away from its "old-fashioned" image now its health benefits have been highlighted by celebrity chefs and researchers, the Telegraph explains.

Earlier this year, the paper notes, a study at Queen Mary University of London found that regular consumption of beetroot juice significantly reduced high blood pressure.

Something not quite so good for you could be crawling around the environs of Nuneaton.

The Sun says a Brazilian Wandering spider, said to be the world's deadliest, is thought to be on the loose.

"Terrified" Keith Hobbs found a nest in a bunch of bananas bought from Aldi in Hinckley and alerted wildlife experts.

Mr Hobbs evacuated his young family from their home and they are staying in a hotel until it is safe to go back, and the store was closed down for several hours.

The Sun explains that venom from the species can kill a person in just two hours. Bananas from the shop - imported from Belize - have been sent away for analysis.

"I'm too scared to go home," Mr Hobbs' wife Laura tells the Sun. "If someone had found the mother spider it might put our minds at rest - but they haven't."


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Media captionThe Sun's deputy head of sport Martin Lipton, and journalist and campaigner Paris Lees, join the BBC News Channel to review Saturday's front pages

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