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Sunday Papers: Banks face strict action in rate-swap scandal

Sunday Papers: Banks face strict action in rate-swap scandal

Top stories

  • The Sunday Telegraph: Thousands of businesses mis-sold interest-rate hedging products by their bank should have their payments suspended, according to a senior Treasury minister.
  • The Sunday Telegraph: Jon Asgeir Johannesson, the former Baugur chairman, has joined the board of Murdock, the upmarket London men's barber and grooming chain.
  • The Sunday Telegraph: The British racecar manufacturer McLaren made a post-tax loss of £53.9 million in 2011 as it invested heavily to produce and roll out its new MP4-12C car.
  • The Observer: The chancellor George Osborne has pledged to join forces with the developing world to crack down on multinationals avoiding tax in some of the world's poorest countries.
  • Mail on Sunday: The growing rift between the Bank of England and the Government was exposed when Vince Cable accused Sir Mervyn King of not doing enough to help economic recovery.
  • The Independent on Sunday: The UK has one of the slowest economic growth rates of all the G20 countries, new figures revealed yesterday, as George Osborne met finance ministers in Moscow.

Business and economics

  • The Sunday Telegraph: The future of Bumi, the £900 million Indonesian miner in the middle of the largest corporate row seen in the City of London in more than a decade, hangs in the balance this weekend after it emerged a key 13% shareholder has found buyers for his stake.
  • The Independent on Sunday: Britain's private equity industry is angling for closer ties with the Trade Union Congress – which famously denounced buyout firms as "amoral asset-strippers after a quick buck".
  • The Sunday Telegraph: Mining giant Glencore has vowed to hire a woman to sit on its board for the first time, as soon as its merger with Xstrata completes.
  • The Sunday Telegraph: Google is in discussions with payment companies including Visa, Mastercard and PayPal to put illegal download websites out of existence by cutting off their funding.
  • The Sunday Telegraph: BAE Systems and Vodafone have signed a five-year pact to work together on cyber security for mobile phones and tablet devices.
  • The Sunday Telegraph: The threat posed by so called 'currency wars' is "overblown" according to the head of the International Monetary Fund.
  • The Sunday Telegraph: Britain’s manufacturers must start taking risks and investing in new export markets if they are to lead the country back to sustainable economic growth, a top Bank of England policymaker has declared.
  • The Independent on Sunday: Tax rows between big British businesses and Indian authorities threaten to overshadow a David Cameron-led trade mission to the rapidly-growing economy this week.
  • The Independent on Sunday: British inventors and entrepreneurs will be able to save thousands of pounds in the cost of patenting their new ideas under rules to be agreed by Vince Cable this week.
  • The Independent on Sunday: The Competition Commission is set to crack the dominance of the Big Four accountancy firms with proposals for sweeping market reform this week.
  • The Independent on Sunday: BMW has asked than one million car owners worldwide to return their vehicle, because of a possible fault which could cause them to catch fire.
  • The Sunday Telegraph: Britain’s manufacturers must start taking risks and investing in new export markets if they are to lead the country back to sustainable economic growth, a top Bank of England policymaker has declared.
  • The Sunday Telegraph: Tesco is poised to make a decision on the size of a potential multi-billion pound investment in India following representations by David Cameron as part of a UK trade mission.

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Asset managers: 'There is going to be a distribution revolution'

1 Comment Play Asset managers: 'There is going to be a distribution revolution'

In footage not used in our original CEO tapes videos, five CEOs discuss how distribution will change in the future. Will 'distribution' be revolutionised by technology the same way that Spotify changed music or the Kindle changed publishing?

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