Thursday newspaper round-up: Banks, China, Bombardier

Despite billions of pounds in fines, several years of investigations and a slew of criminal prosecutions, many banks have yet to take on board the lesson of the market-rigging scandals, a report by the City watchdog has found. In a series of damning findings, the Financial Conduct Authority said that some lenders had yet to take even basic steps towards ensuring there could be no repeat of the Libor, foreign exchange and gold price manipulation scandals. - The Times

China's stock market has slumped because investors and authorities are still learning about how public indices work, the head of the IMF has said. "It's a relatively young market, and there is an element of a learning curve" among investors, companies and the authorities, Christine Lagarde, managing director of the International Monetary Fund, said. However, Ms Lagarde believes China can weather the turmoil on its main stock exchange, which fell 11% between Friday and Tuesday. - The Daily Telegraph

The future of train manufacturing in Derby was a little less certain last night after reports that Bombardier could merge with its rival Siemens. If a deal were to go ahead — and Bombardier was last night playing down reports of talks — it would raise questions over whether the Litchurch Lane works with its 2,000 workers would remain as a standalone plant. - The Times

Sky has waded into the debate over the future of the BBC, calling for it to be less controlling over how its programmes are served up by pay-TV operators. Jeremy Darroch, chief executive of Sky, said he would use the Government’s review of the BBC Charter to lobby for restrictions on how iPlayer content is presented to be removed. - The Daily Telegraph

As defence cuts sap morale, so many soldiers have left the British Army in the last five years that the UK is now 3,400 short of even its reduced target strength, new figures show. Cuts to the size of the British Army have been met three years ahead of schedule, with 20,000 troops having left the service since 2010, according to the latest quarterly official numbers. - Financial Times