FT Update: Lionel Barber recommends 5/15

Lionel Barber recommends

01 Doubts spread to Spain’s big banks Miles Johnson and Patrick Jenkins led on the concomitant Spanish banking crisis.

02 JPMorgan loses $2bn in ‘egregious’ error Tom Braithwaite was fast and authoritatively off the mark with coverage of JP Morgan's two billion dollar trading blooper.

03 Iran accepts renminbi for crude oil  Henny Sender revealed that Iran was accepting renminbi for oil. A tight-lipped Tehran was forced to confirm the story.

04 Law firms have struck the limits of partnership John Gapper wrote a superb column on the fall of Dewey & LeBoeuf, the leveraged New York law firm.

05 Republican super-Pacs outgun Obama Richard McGregor and Arash Massoudi revealed that American Crossroads - the conservative Superpac, is on track to raise 300m dollars.

06 Netanyahu forms Israeli unity government Tobias Buck's reporting and analysis of Netanyahu 's grand coalition coup is essential reading.

07 Bank independence was a well-intentioned failure Chris Giles wrote a searing column on why the Bank of England's much vaunted independence has brought less than meets the eye.

08 Call for fairness finds resonance in Florida Economic Eye-opener of the week: James Politi on the wealth disparities in Palm Beach County, Florida - a serious and original piece of reporting.

09 HK IPOs grasp for cornerstone investors Trend to watch - Paul J Davies on the desperate search for cornerstone investors for Hong Kong IPOs, a phenomenon which usually foreshadows a slump in share prices.

10 Facebook Instagram deal delay threat April Dembosky delivered a much-noticed scoop on Facebook, revealing that the company's acquisition of Instagram could be delayed by regulatory inquiries.