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.

Hedge fund wizard Stevie's bad month

First his man loses the election, then a former employee faces insider trading claims

What The Sunday Papers Said

The Sunday Times

Cristina Fernandez de Kirchner insists the debt paper held by Paul Singer is illegitimate

The vulture capitalist who devoured Peru – and now threatens Argentina

Could Paul Singer destroy another economy?

Banking jobs in Asian hotspots set to overhaul City

Bankers looking for a career boost are facing up to a clear choice: go East. With City job losses soaring finance workers are looking to Hong Kong, Shanghai and Singapore for new opportunities.

James Blunt

Retiring early? Nice work if you can get it: The new trend for spending more time with your bank balance

James Blunt has suggested he may quit the music industry at the grand old age of 38 to hang out in Ibiza with his girlfriend and sizeable bank balance. And he's not the only one retiring prematurely.

Simon English: What next for the Wizard of Oz who might struggle to learn new tricks?

Outlook Greg Coffey was the Wizard of Oz, a magician who had an extraordinary way with money, making astonishing amounts of it for clients and barely less amazing amounts for himself.

Anthony Hilton: Switzerland is not the haven it is thought to be

Last Sunday at a speaking engagement down in Bath I sat next to a Swiss guy who wrote trading algorithms and software for Geneva based hedge funds. It was that sort of dinner – a place where the mathematically gifted fund managers exchange ideas and theories with academics on how to predict market movements.

Rich must pass 'smell test', says top taxpayer

Britain's highest earner has said the rich need to pass "the smell test" when it comes to paying tax – a week after The Independent revealed him as the country's biggest individual taxpayer.

Chicken cottage or stone mansion, it doesn't matter to your chooks

Former Tory MP Sir Peter Viggers infamously claimed £1,645 on parliamentary expense to build a house for the ducks at his constituency home, but Crispin Odey has gone one better or, in fact, several times better.

The sponsorship deals of Avram Glazer, left, and brother Bryan have angered Manchester United supporters, who have staged 'Green and Gold' protests

Manchester United for sale: One careless owner

The Glazer family are floating a stake in Manchester United in New York. But it is a rotten deal for both shareholders and fans

'Terrifying' former judge hired to beef up SFO

The new head of the embattled Serious Fraud Office has put a tough senior former judge on the payroll to aid his attempts at cracking down on City crime.

Top judge to beef up Fraud Office after string of bungles

QC with a terrifying reputation as a judge hired by new head of the SFO

Thomson Reuters buys FX Alliance

The financial news giant Thomson Reuters has splashed out $625m (£403m) in cash on US-listed foreign-exchange platform FX Alliance.

New Goldman chair linked to Rajat Gupta

Goldman Sachs has installed as its first regional chairman in Beijing a banker who set up a business with partners including jailed insider trader Raj Rajarathnam and on-trial former Goldmanite Rajat Gupta.

Hedge fund manager who lied about losses fined £3m

A hedge fund manager accused by the Financial Services Authority of lying to investors about "catastrophic losses" has been fined a record £3m by the watchdog.

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The cartoon produced by Bruce MacKinnon for the Halifax Chronicle-Herald on Thursday, showing the bronze soldiers of the war memorial in Ottawa welcoming Corporal Cirillo into their midst
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peopleFox presenter gives her less than favourable view of women in politics
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Funds raised from the sale of poppies help the members of the armed forces with financial difficulties
voicesLindsey German: The best way of protecting soldiers is to stop sending them into disastrous conflicts
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The Edge and his wife, Morleigh Steinberg, at the Academy Awards in 2014
peopleGuitarist faces protests over plan to build mansions in Malibu
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One bedroom terraced house for sale, Richmond Avenue, Islington, London N1. On with Winkworths for £275,000.
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Nigel Farage has backed DJ Mike Read's new Ukip song
voicesNigel Farage: Where is the Left’s outrage over the sexual abuse of girls in the North of England?
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Taylor Swift performs at the 2014 iHeart Radio Music Festival
musicReview: 1989's songs attempt to encapsulate dramatic emotional change in a few striking lines
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Mario Balotelli has been accused of 'threateningly' telling a woman to stop photographing his Ferrari
peoplePolice investigate claim Balotelli acted 'threateningly' towards a woman photographing his Ferrari
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Paul Anderson plays Arthur Shelby in Peaky Blinders series two
tvReview: Arthur Shelby Jr seems to be losing his mind as his younger brother lets him run riot in London
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Prices correct as of 17 October 2014
Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker