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.

Share tips, comment and bids

• The Sunday Telegraph: Royal Dutch Shell is poised to miss out on a £1.4 billion acquisition of French oil explorer Maurel & Prom.
• The Sunday Telegraph: The chief executives of Next and Carphone Warehouse are among the investors in a new £25 million fund to back small, growing British companies.
• The Sunday Telegraph: BAE Systems is to reveal that 2012 was a weaker-than-expected year in profit terms as a result of delays in agreeing a price with Saudi Arabia for its Typhoon fighter jets.
• The Sunday Telegraph (Questor share tip): Rio Tinto had a mixed 2012, but things are looking up. Questor says buy.
• The Sunday Telegraph (Questor share tip): Horsegate' has yet to take its toll on shares in major retailers. Questor says hold Tesco.
• Mail on Sunday (Midas share tip): Buy Greencoat UK Wind.
• The Sunday Telegraph (Comment): Brazilian billionaire Jorge Paulo Lemann was pushing on an open door when he asked Warren Buffett to join him in bidding for Heinz.
• The Observer (Comment): The Rothschild spat rumbles on, BAE Systems' numbers are up, and Stelios still isn't happy with easyJet.
• The Independent on Sunday (Comment): When two billionaire friends met on a business flight, the talk turned to birds and business deals. The $28 billion swoop on Heinz was the result.