Friday newspaper round-up: HSBC, Sports Direct, mobile banking

The former HSBC currency trader at the heart of a US fraud investigation spent more than two years on a panel that advised the Bank of England, it has emerged, as the Department of Justice widens its probe to examine more currency trades. Stuart Scott, who left HSBC in late 2014, has “strongly denied” allegations that he ramped up the price of the pound ahead of a $3.5bn (£2.7bn) currency deal for the oil firm Cairn. A warrant was out for the British trader’s arrest yesterday after his former colleague Mark Johnson, HSBC’s global head of foreign exchange, was freed on $1m bail in New York. – Telegraph

MPs have called for Sports Direct to review its corporate governance structure after concluding that founder Mike Ashley may have turned a blind eye to the “appalling” workplace conditions at the retailer. The Business, Innovation and Skills committee has published a 37-page report following an inquiry into the sportswear retailer’s treatment of employees at its shops and warehouses. – Telegraph

The chancellor, Philip Hammond, is to use the first gathering of country’s finance ministers and central bank governors since the EU referendum to showcase Britain’s attractions as a place to invest in a post-EU referendum world. G20 policymakers from leading market economies will meet in Chengdu, central China, this weekend and their talks are expected to be dominated by the outcome of the poll on 23 June which favoured ending the UK’s 43-year membership of the EU. – Guardian

Smartphone-addicted Britons are embracing mobile banking, with payments via apps rocketing 54% in 2015 and reaching a value of £347m. The average customer of certain UK banks views their finances on their phone more than once a day – and much of this balance checking and payment making is done while people watch TV, according to a report by the British Bankers’ Association. – Guardian

Roger Ailes, the executive who created Fox News and built it into America’s top ranked cable news channel, resigned yesterday amid charges of sexual harassment. Rupert Murdoch, the executive co-chairman of Fox’s parent company 21st Century Fox, will assume the role of chairman and acting chief executive of Fox News and Fox Business Network. – The Times

EDF will make its long-delayed final investment decision on whether to build two nuclear reactors at Hinkley Point in Somerset next week, the company has announced. The French utility said on Thursday night it would hold a board meeting next Thursday at which it would take the final decision, which was originally expected early in the year. – The Times