Sept 26 (Reuters) - The following are the top stories in the 
Financial Times. Reuters has not verified these stories and does 
not vouch for their accuracy. 
     
Headlines 
     
SINGAPORE'S GIC POISED TO BUY LARGE RAC STAKE 
(http://on.ft.com/1mvzVXO) 
  
EU BANK WATCHDOG SET FOR CLASH WITH CITY OVER BONUS CAP SIDESTEP 
(http://on.ft.com/YenNiF) 
 
LLOYDS TO SELL 11.5 PCT STAKE IN TSB 
(http://on.ft.com/1vkPIsj) 
 
BILLIONAIRE AGARWAL TO HAND OVER HIS FORTUNE TO CHARITY 
(http://on.ft.com/1uKtNtX) 
         
AIR FRANCE-KLM HALTS EXPANSION OF BUDGET AIRLINE IN BID TO END 
STRIKE 
(http://on.ft.com/1u2z8Po) 
   
CHARLES STANLEY CHIEF EXECUTIVE TO STEP DOWN 
(http://on.ft.com/1mvxqov) 
       
AIRBUS BEGINS TEST FLIGHTS ON REVAMPED A320NEO 
(http://on.ft.com/1pf9JMW) 
 
Overview 
     
Singaporean sovereign wealth fund GIC has agreed to buy almost 
half of RAC's stake from private equity firm Carlyle Group 
 CG.O . The deal would value the company at about 2 billion 
pounds ($3.26 billion) including debt. 
  
The European Union's banking regulator is planning next month to 
clamp down on pay policies that are designed to sidestep the 
EU's incoming bonus cap, according to sources familiar with the 
regulator's draft recommendations.  
   
Lloyds Banking Group  LLOY.L  is to sell an 11.5 percent stake 
in TSB Banking Group Plc  TSB.L , nabbing the expiry of a 
lock-up period and Scotland's increased possibility to raise 
about 160 million pounds in future. 
 
Anil Agarwal, the billionaire controller of Vedanta Resources 
Plc  VED.L , plans to give 75 percent of his wealth to charity. 
It is unclear whether Agarwal would relinquish control over 
Vedanta. 
 
Air France-KLM  AIR.PA  has shelved its plans to develop a 
low-cost airline across Europe as the Franco-Dutch group aims to 
end the 11-day pilots' strike that has cost the company about 
200 million euros ($255.04 million).  
 
David Howard, chief executive officer of British stockbroker 
Charles Stanley Group Plc  CAY.L , is stepping down to comply 
with new regulations of the EU capital requirements directive 
for financial groups, which requires the company to separate the 
roles of chairman and CEO.  
     
Airbus Group's  AIR.PA  single-aisle passenger jet A320neo, 
which was upgraded to a more fuel efficient version, flew for 
its maiden flight above Toulouse in France on Thursday.   
 
(1 US dollar = 0.6129 British pound) 
(1 US dollar = 0.7842 euro) 
 
 (Compiled by Rama Venkat Raman in Bangalore; Editing by Lisa 
Shumaker) 
 ((ramavenkat.raman@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 7151; Reuters Messaging: 
ramavenkat.raman.thomsonreuters.com@reuters.net)) 
 
Keywords: BRITAIN PRESS/FT