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.
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Wednesday 24 August 2011
The head of the agency that stripped the US of its top-notch credit rating earlier this month is to step down in September.
Thursday 18 August 2011
Barclays Capital's star commodities trader,Todd Edgar, and several colleagues are set to leave the bank as it streamlines its investment banking operations.
Saturday 13 August 2011
The Financial Services Authority yesterday rejected the shock bans on short-selling financial stocks imposed by France and other European countries in a bid to quell market turmoil.
Saturday 13 August 2011
Europe's bans on short selling cast hedge funds in their usual role as shadowy bogeymen, profiting from the misfortunes of others, but some of the world's biggest funds have taken a bath amid the wreckage, it has emerged.
Saturday 13 August 2011
US Outlook: When you make a fortune trading bonds from your Harvard University dorm room, and then build one of the world's most powerful hedge funds, you probably think there isn't anything you can't achieve.
Friday 12 August 2011
Ever since The Impressionist appeared in 2003, with its picaresque hero for post-colonial times, it was clear that Hari Kunzru's fiction was fuelled by an energetic intelligence. Along with a love of big ideas came narrative zest, verbal and comic flair, and an acute eye for contemporary mores both East and West. Is identity a fixed essence or a mimic matter assembled from conventions, the first novel asked.
Monday 08 August 2011
The takeover of the housebuilder Crest Nicholson is set to be completed by the end of this month, it emerged yesterday.
Monday 01 August 2011
Europe's biggest hedge fund has sold its $850m (£518m) shareholding in Goldman Sachs, the Wall Street bank, signalling its rising concerns about the health of the global banking sector.
Wednesday 27 July 2011
George Soros, the legendary investor best known for breaking the Bank of England, signalled the end of an era yesterday, announcing that he would no longer invest money for other people and concentrate instead on managing his multi-billion dollar personal fortune.
Friday 15 July 2011
Last year saw a rush of fiction inspired by the financial crisis, including novels by ex-city worker turned novelist Alex Preston and comic writer Paul Torday. Talitha Stevenson's new book, while pondering the dangers of "making money from money", also traces the break-up of a far from recession-proof marriage. As in many credit-crunch tales, the collapsing markets are seen as representative of a more deep-seated malaise.
Sunday 10 July 2011
The messy divorce of hedge-fund tycoons Elena Ambrosiadou and Martin Coward has become even uglier following a series of alleged revelations in a legal case in Cyprus.
Saturday 02 July 2011
US Outlook: On the subject of departures from Mr Obama's economics team, the president's former chief adviser and Harvard professor, Larry Summers, joined the advisers of Marc Andreessen's venture capital firm this week.
Tuesday 21 June 2011
Winifred Jiau, the first consultant for a so-called expert network firm to go to trial on insider trading charges, has been convicted in the US of securities fraud and conspiring with hedge funds to gain an illegal market advantage.
Wednesday 08 June 2011
Preet Bharara, the US Attorney who successfully prosecuted Raj Rajaratnam and dozens of other insider traders, has lashed out at a corporate culture that encourages walking the line between legal and illegal activity.
Friday 27 May 2011
Man, the London-based hedge fund firm, reported better-than-expected profits and a strong rise in assets yesterday, with the business boosted by the launch of a new version of its flagship AHL fund in Japan.
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