Things worth reading: 9th May 2012

Things we're reading today include ...

HSBC profits rise but outlook cautious
Financial Times

HSBC cost savings gather pace
The Independent

HSBC welcomes Hollande's first steps – but with caution
The Independent

  

MasterCard unveils ‘digital wallet’ network
Financial Times 

FSA fines Mitsui £3.35m and bans former European chairman Yohichi Kumagai
The Telegraph

Aviva is latest firm hit by 'shareholder spring' as chief executive quits
The Independent

Shareholder Spring claims its third scalp in 13 days
The Telegraph

 

FTSE 100 boss pay 'rises by 11%'
BBC

FSA fines City insurer £3.4m and bans chief
The Independent

  

Merkel urges French co-operation
BBC

Crisis-hit Portugal axes holidays
BBC

Greek threat to scrap EU bailout
BBC

Eurozone contagion fears spread as Greeks refuse cuts
The Independent

UK's borrowing costs near record lows as cash flees eurozone crisis
The Independent

China: The world's cleverest country?
BBC