Officials are known to be keen to do a deal similar to the one that Manchester City struck with Manchester City Council after the Commonwealth Games in 2002.

BBC: Deadline set for 2012 London Olympics stadium bids

"We are keen to do more but what we need is support from the system to be able to do it, " she said.

BBC: students in IT suite

Much as Wall Street is keen to draw a line under this latest scandal, you do not need to be unduly perspicacious to find links between this one and other, very recent scandals.

ECONOMIST: Everyone’s making money except the customers | The