Wednesday's papers

The appearance of a number of bankers in front of the Common's selct committee makes all the headlines in the papers this morning.

Both the Times and the Independent have the same lead as they report how the former head of HBOS'srisk Paul Moore says he was fired by City adviser Sir James Crosby after warning about bank's growth.

The Independent says that the Government's crisis over the banks deepened last night when one of Gordon Brown's key advisers was accused of sacking a whistleblower who predicted that reckless lending by banks would end in disaster.

The Mail under the headline,revenge of the whistle blower reports that Paul Moore told a Commons committee that Sir James Crosby, currently deputy chairman of the Financial Services Authority, was the 'original architect' of the strategy that led HBOS into near-collapse.

Meanwhile the Sun simply calls them Scumbag millionaires reporting that

FOUR millionaires blamed over Britain’s banking meltdown were forced to make grovelling apologies yesterday.

The crisis in the banking sector meanwhile continued yesterday as the Telegraph reports that Royal Bank of Scotland is planning to cut 2,300 jobs in the UK.

The Guardian reports that Lloyds, one of the banks bailed out by the government, has been accused in court by the Treasury this week of using a subsidiary to pour hundreds of millions into transatlantic tax avoidance schemes.

Away from the banks and many of the papers carry pictures of Mark Wallinger's giant sculpture of a horse which the Independent says was yesterday picked to be one of the first sights to greet Eurostar passengers as they travel into London from mainland Europe.