Monday newspaper round-up: Greece, China, Deutsche Bank

20th Apr 2015 06:49

ECB president Mario Draghi has said that while a potential Grexit would be damaging to the Eurozone, the currency bloc is "no longer vulnerable to the immediate chain-reaction seen in earlier phases of the debt crisis", writes The Telegraph.The decision by the People's Bank of China to cut the reserve requirement ratio by one percentage point failed to spark a rally among Asian markets on Monday, the Financial Times reports.Deutsche Bank is reportedly considering selling it mass-market retail operation, Postbank, and cutting €200bn in investment-banking assets, The Wall Street Journal said.HSBC's annual meeting this week comes amid increasing pressure from investors who want the bank to leave London because of rising British taxes, The Times said.According to Rightmove, the average asking price of a home across the UK rose in April to an all-time high of just over £286,000, reports The Guardian.Tesco's former corporate broker, JPMorgan Cazenove, has claimed that the supermarket will have to raise cash to drive sales and plug a £5bn pension deficit, The Times writes.According to The Guardian, Co-op chairman Allan Leighton has said its food division cannot fully commit to Fairtrade given the tough competition in the supermarket industry and its shift towards convenience stores.Payday lender Wonga is set to post a loss of £35m for 2014 in its annual report this week, as revenue fell by almost a third to £215m amid an industry-wide crackdown, writes The Telegraph.