News

The Co-operative Bank's disgraced former chairman, Paul Flowers, apparently won the job because he beat his rivals' psychometric test scores, MPs on the Treasury Committee have been told.

Charges in insider trading inquiry

Two hedge fund managers were arrested on insider trading charges in the US yesterday, while another portfolio manager and an analyst agreed to plead guilty in connection with the inquiry, the latest development in a broad investigation of hedge funds' trading activities.

Revealed: how the City bankrolls Tory party

Donations from financiers quadruple in five years

Ex-Galleon trader pleads guilty to insider dealing

Danielle Chiesi, a key defendant in the Galleon hedge fund insider trading case, pleaded guilty to criminal charges in New York last night, tearfully admitting that she wrongfully spread information on technology stocks including IBM and Advanced Micro Devices.

Per Harkjaer: Drink up, the coffee revolution has begun

Britain is about to be transformed, capsule by capsule. United Coffee's chief executive spills the beans to James Thompson

This Bleeding City, By Alex Preston

Charlie Wales, fresh from university, wins a job working as an analyst for a hedge fund. Soon he's carousing with Gordon Gekko types and falling out of contact with old friends, oblivious as the economy slides towards collapse.

The Business On... Charles Ergen, Chairman, EchoStar

Who in heaven's name is he?

Executive of 'expert network' arrested

Federal authorities conducting a major investigation of alleged insider trading on Wall Street have charged the head of an "expert network" firm who, they say, arranged for executives to leak corporate secrets to hedge-fund managers.

SAC Capital receives subpoena over suspected insider trading

SAC Capital, the giant hedge fund run by billionaire Steven Cohen, told its investors that it has received an "extraordinarily broad" subpoena, as the US authorities widened their investigation into suspected insider trading on Wall Street.

The biggest insider dealing scam ever?

US regulators are investigating whether 'expert networks' used by Wall Street have crossed the line. Stephen Foley reports

Van Dam’s trading course to counter ‘rip-off’ tutors

Lex van Dam, the trader who risked $1m of his own money in the TV show Million Dollar Traders to prove that anyone can play the stock market, is opening his own online Trading Academy this week.

Walter in $3.3bn bid for Western

US group Walter Energy is in talks to buy Western Coal Corp, its Canadian peer and AIM's largest company, for $3.3bn in a bid to cash in on growing Asian demand for coal.

EC hedge fund crackdown will hit London hardest

Europe's lawmakers have approved new rules ushering in pan-European regulation for hedge and private equity funds for the first time.

Business Diary: Pacino moves into hedge fund world

Let's say this for the credit crisis: it has at least given Hollywood executives some new inspiration for movies. There have already been a string of films prompted by the crisis – not least the long-awaited follow-up to Wall Street – and now Al Pacino wants in on the act. Variety reports he's been lined up to play a dodgy hedge fund manager in Arbitrage, which will begin shooting next year. We're looking forward to it already.

The Hopeless Life of Charlie Summers, By Paul Torday

In a lively credit-crunch satire, Paul Torday reprises the comic voice of his successful debut Salmon Fishing in the Yemen.

Arts & Entertainment
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Much of the colleges’ land is off-limits to locals in Cambridge, with tight security
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Church of England-raised Williams describes the unexpected joys in learning about his family's Jewish faith
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A visit to the Front Line by the Prime Minister's wife
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10 best baking books

10 best baking books

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Jury still out on Manchester City boss Manuel Pellegrini

Jury still out on Pellegrini

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Ben Stokes: 'Punching lockers isn't way forward'

Ben Stokes: 'Punching lockers isn't way forward'

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Mark Johnston: First £1 million jackpot spurs him on

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Ricky Gervais: 'People are waiting for me to fail. If you think it's awful, then just don't watch it'

Ricky Gervais: 'People are waiting for me to fail'

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Mad Men series 7, TV review: The suits are still sharp, but Don Draper has lost his edge

Mad Men returns for a final fling

The suits are still sharp, but Don Draper has lost his edge
Google finds a lift into space will never get off the ground as there is no material strong enough for a cable from Earth into orbit

Google finds a lift into space will never get off the ground

Technology giant’s scientists say there is no material strong enough for a cable from Earth into orbit