Morning in brief: Argentina to sue over Falklands oil

Argentina is to take legal action over any company involved in drilling for oil around the Falkland Islands, according to the Independent.

The Argentinian government has stepped up its rhetoric over sovreignty in recent months, with any legal move to affect UK-listed oil explorers in the region, it writes.

Chancellor George Osborne is considering cutting the top rate of tax at next week’s Budget, reports the BBC.

Metro Bank is seeking a further £150m to help fund its growth plans, which would include the opening of 200 branches over the next 10 years, writes the Telegraph.

Eric Daniels, former chief executive of Lloyds Banking Group, is among a number of former directors to have £2m in bonuses witheld, according to the Financial Times.