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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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones
Theme parks continue to draw in thrill-seekers despite the risks - so why are we so addicted?

Why are we addicted to theme parks?

Now that Banksy has unveiled his own dystopian version, Christopher Beanland considers the ups and downs of our endless quest for amusement
Tourism in Iran: The country will soon be opening up again after years of isolation

Iran is opening up again to tourists

After years of isolation, Iran is reopening its embassies abroad. Soon, there'll be the chance for the adventurous to holiday there
10 best PS4 games

10 best PS4 games

Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
Transfer window: Ten things we learnt

Ten things we learnt from the transfer window

Record-breaking spending shows FFP restraint no longer applies
Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent