(ShareCast News) - Hundreds of workers at HSBC's investment banking division in London have had their pay cut by 10 per cent and been ordered to take two weeks of unpaid leave by the end of the year.The bank, which is under intense pressure to reduce costs, broke the news to staff last week and instructed managers that there would be "0% exceptions". - The TimesApple faces a £560m legal bill after coming under fire in the technology industry's relentless patent wars. A jury in the United States decided that microchips used in some of Apple's iPhones infringed a patent. According to a recent ruling by the judge in the case, Apple could be forced to pay as much as $862m damages. - The Daily TelegraphA new regime intended to make top bosses at banks more accountable for their actions will be extended to other parts of the financial services industry in 2018, according to a proposed law set out by the government. The senior managers and certification regime - which puts the onus on top bosses to take responsibility for their actions - is being introduced for banks, building societies, credit unions and some investment firms from March 2016. - The GuardianThree former directors of City Link have been charged with criminal offences in relation to the collapse of the delivery company, which led to the loss of 3,000 jobs last Christmas. David Smith, the former managing director, the former finance director Robert Peto, and a non-executive director Thomas Wright, have been charged with failing to notify the business secretary of plans to make staff redundant at the firm and will go on trial in November. - The GuardianMarket concerns are rising over divisions at the top of the Federal Reserve on when to lift interest rates, casting fresh uncertainty over the US central bank's strategy for withdrawing its monetary stimulus. The divisions burst into the open when two Fed board members signalled this week that they oppose a near-term increase in interest rates, questioning the approach adopted by chair Janet Yellen amid divisions over the outlook for inflation. - Financial Times