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.

Ben Chu: All Greek bondholders should lose – even the European Central Bank

Economic Outlook: Where there is a foolish borrower there is also a foolish lender, this applies not only to Greecebut also to Ireland
'One aspect of 'The Iron Lady', directed by Phyllida Lloyd (pictured) was thoroughly authentic. Nowhere in recent film, fiction or drama have I seen such a convincing take on the psychology of the old-style lower-middle- class meritocrat'

DJ Taylor: Why do the rich need ever more money?

Those who aspire to great wealth expect to be rewarded for their drive – and then long to do nothing

Paulson Europe bonus bonanza

The four partners at Paulson Europe, the UK-based arm of John Paulson's hedge fund firm, have shared a £27m annual bonus pool, even though profits fell 17 per cent in the year to end-March.

Market Report: Man trips again – and falls to its lowest for 10 years

"Man down!" was the cry from the Square Mile last night.

What the Sunday papers said...

The Independent on Sunday: Industry set to plumb the depths

Leading article: Clegg's chance to clean up

Surely, if we learnt anything from the "loans for peerages" story, which this newspaper helped to break six years ago, it was that party funding should be kept away from the honours system. Yet the New Year Honours list tries again to push that water back uphill.

James Moore: McGrath shouldered too much blame in AIA row

Outlook So it's cheerio to Harvey McGrath. It is a mark of the way Prudential has conducted itself that he is probably not the worst occupant of the top seat in the life insurer's boardroom during the past few decades. The Ulsterman's tenure as chairman has hardly been a happy one, however.

Investment: Rolet's back with £450m FTSE deal

London Stock Exchange

John Kinsella quits TS Eliot award

A second poet withdraws from shortlist for £15,000 award over it's sponsorship by a hedge fund.

Business Diary: Cooking up a tasty comeback

Delia Smith hasn't had the easiest ride since taking over at Norwich City Football Club – who could forget her raucous appeal to fans to get behind the side on the PA system – but here's some reward for all her hard work. The Institute for Turnaround has just handed her and the rest of Norwich City's management team a gong for the way they've turned the once financially stricken club into a stable member of the Premier League. Let's hope this isn't the equivalent of the dreaded vote of confidence in the manager.

Goldman in debt talks with Peacocks

The investment bank Goldman Sachs is in talks to become the biggest shareholder in Peacoks, the debt-laden fashion chain.

Crimes across time and cities: Soldiers during the Battle of the Somme

Crime & Thrillers: Sleuths in battle

Let's avoid saying that 2011 was the best of times, the worst of times for the crime and thriller field - but it has been a turbulent year, with regular visits by authors to both the heights and the depths.

Paul Vallely: There is no moral case for tax havens

They are the epitome of unfairness and injustice, leaving ordinary citizens to foot the bill for multinational corporations

Former IKOS employee stole trading codes to set up rival firm

A former employee of IKOS Asset Management stole vital computer codes from the star hedge-fund manager as part of a plan to set up a rival firm, a judge has ruled.

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Actors front row from left, Jared Leto, Jennifer Lawrence, Meryl Streep, Ellen DeGeneres, Bradley Cooper, Peter Nyongío Jr., and, second row, from left, Channing Tatum, Julia Roberts, Kevin Spacey, Brad Pitt, Lupita Nyongío and Angelina Jolie as they pose for a
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Day In a Page

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All this talk of an ‘apocalyptic’ threat is simply childish

Robert Fisk: All this talk of an ‘apocalyptic’ threat is simply childish

Chuck Hagel and Martin Dempsey were pure Hollywood. They only needed Tom Cruise
Mafia Dons: is the Camorra in control of the Granite City?

Mafia Dons: is the Camorra in control of the Granite City?

So claims an EU report which points to the Italian Mob’s alleged grip on everything from public works to property
Emmys look set to overhaul the Oscars as Hollywood’s prize draw

Emmys look set to overhaul the Oscars as Hollywood’s prize draw

Once the poor relation, the awards show now has the top stars and boasts the best drama
What happens to African migrants once they land in Italy during the summer?

What happens to migrants once they land in Italy?

Memphis Barker follows their trail through southern Europe
French connection: After 1,300 years, there’s a bridge to Mont Saint-Michel

French connection: After 1,300 years, there’s a bridge to Mont Saint-Michel

The ugly causeway is being dismantled, an elegant connection erected in its place. So everyone’s happy, right?
Frank Mugisha: Uganda's most outspoken gay rights activist on changing people's attitudes, coming out, and the threat of being attacked

Frank Mugisha: 'Coming out was a gradual process '

Uganda's most outspoken gay rights activist on changing people's attitudes, coming out, and the threat of being attacked
Radio 1 to hire 'YouTube-famous' vloggers to broadcast online

Radio 1’s new top ten

The ‘vloggers’ signed up to find twentysomething audience
David Abraham: Big ideas for the small screen

David Abraham: Big ideas for the small screen

A blistering attack on US influence on British television has lifted the savvy head of Channel 4 out of the shadows
Florence Knight's perfect picnic: Make the most of summer's last Bank Holiday weekend

Florence Knight's perfect picnic

Polpetto's head chef shares her favourite recipes from Iced Earl Grey tea to baked peaches, mascarpone & brown sugar meringues...
Horst P Horst: The fashion photography genius who inspired Madonna comes to the V&A

Horst P Horst comes to the V&A

The London's museum has delved into its archives to stage a far-reaching retrospective celebrating the photographer's six decades of creativity
Mark Hix recipes: Try our chef's summery soups for a real seasonal refresher

Mark Hix's summery soups

Soup isn’t just about comforting broths and steaming hot bowls...
Tim Sherwood column: 'It started as a three-horse race but turned into the Grand National'

Tim Sherwood column

I would have taken the Crystal Palace job if I’d been offered it soon after my interview... but the whole process dragged on so I had to pull out
Eden Hazard: Young, gifted... not yet perfect

Eden Hazard: Young, gifted... not yet perfect

Eden Hazard admits he is still below the level of Ronaldo and Messi but, after a breakthrough season, is ready to thrill Chelsea’s fans
Tim Howard: I’m an old dog. I don’t get too excited

Tim Howard: I’m an old dog. I don’t get too excited

The Everton and US goalkeeper was such a star at the World Cup that the President phoned to congratulate him... not that he knows what the fuss is all about
Match of the Day at 50: Show reminds us that even the most revered BBC institution may have a finite lifespan – thanks to the opposition

Tom Peck on Match of the Day at 50

The show reminds us that even the most revered BBC institution may have a finite lifespan – thanks to the opposition