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Friday Papers: Goldman profits hit by 40% fall

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Top stories Financial Times: Goldman Sachs has capped a bleak earnings season for many of the biggest US banks, unveiling a drop in bond trading that knocked third-quarter profits by almost 40%. Financial Times: In rules set out by the Bank of England, “ringfenced” banks will be allowed to transfer capital from their retail arms to other parts of their businesses in the form of dividends. The Guardian: Volkswagen is to recall 8.5 million diesel cars across the European Union in the wake of the emissions scandal. The Daily Telegraph: Tata Steel is preparing to announce a new wave of job cuts as ministers stage steel summit to help the beleaguered industry. Financial Times: Heathrow airport is...

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