Every morning, TheJournal.ie brings you nine things you really need to know by 9am.

1. # BANKS: The banks may be on brink of collapse after major deposit outflows from AIB and Bank of Ireland, the Irish Mail of Sunday reports. AIB confirmed that about a fifth of its corporate deposit base has been withdrawn, while BoI lost €10 billion in corporate deposits and Irish Life and Permanent lost around €600 million.

2. # RESCUE: Meanwhile, speculations about the possible size of Ireland’s rescue package continue today. Yesterday, international commentators reasoned it could cost as much as €100 billion to bail out the state and the banks – today, that figure is even higher. The Sunday Times reports that it could cost as much as €120 billion.

3. # POPE: Pope Benedict has made radical comments during an interview for a new book: Condoms are ok in some situations.

In a major shift in message from the Catholic church that has the potential to influence millions of people and make a real difference in the fight against Aids, Benedict says that using condoms can be justifiable – and gave the example of a male prostitute trying to stop the spread of HIV.

4. # HIV BIRTH: The High Court has ruled that HSE be allowed to give a newborn anti retro-viral drugs at birth, after the child’s mother (who is HIV positive) raised concerns that the drugs may seriously damage her child.

5. # PHOEBE PRINCE: The father of Irish teenager Phoebe Prince, who took her own life in Massachusetts last January after being bullied by classmates, has pleaded for her tormentors not to be sent to jail.

In a documentary made by RTÉ, Jeremy Prince said: “There is no healing in anger and revenge. The only real healing in the long-term can come in finding the ability to forgive and that has been my focus from the start.”

6. # NEW ZEALAND: More than 48 hours after an explosion in the Pike River coal mine in New Zealand, rescue attempts continue to be delayed as gas levels are still too volatile for rescuers to enter the mine.

7. # HUMAN RIGHTS: An internal audit by top high-street retailer Monsoon has uncovered that the company has been using child labour and underpaying workers, The Observer reports.

The chain, one of the pioneers of ethical fashion, discovered a catalogue of failures relating to a supplier in India that included the use of child labour and the cruel and inhumane treatment of staff. Chairman of Monsoon Peter Simon told The Observer: “We tirelessly monitor and work alongside our suppliers… Where we find an issue, we deal with it.”

8. # POLITICS: Newstalk’s Marc Coleman has launched a new political movement. The National Alliance says it is for “People feel abandoned by government, politics and churches”.

9. # OOPS: A prominent Church of England bishop has scoffed at the engagement of Kate Middleton and Prince William. Pete Broadbent has dismissed the British Royal family as a bunch of “philanderers”, saying “I give the marriage seven years”. On his Facebook page, Broadbent also referred to Prince Charles and Princess Diana as “Big Ears and the Porcelain Doll”, sparking a backlash from Diana fans.