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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Monday 23 May 2011
Singapore will create the most financial services jobs during the next 12 months, banking and hedge-fund staff believe. Some 37 per cent chose Singapore ahead of just 22 per cent favouring London, in a survey by financial service recruiters Astbury Marsden.
Thursday 12 May 2011
Prosecutors turned to tactics developed for fighting mafia bosses and drug gangs in their latest effort to rein in insider dealing on Wall Street.
Monday 09 May 2011
The transport operator National Express, which last week put on a show of strength with news of rising profits amid calls by its biggest shareholder for strategic changes, is close to striking a deal with the dissenting investor before its annual meeting tomorrow.
Saturday 07 May 2011
National Express has moved a step closer to defeating the activist shareholder that is seeking to appoint a string of new directors to its board at its annual general meeting next week.
Thursday 05 May 2011
Jury deliberations in the insider trading trial of Raj Rajaratnam had to be started all over again after a juror was unable to continue because of a medical problem.
Saturday 16 April 2011
The hedge fund Elliott Advisors, a 17 per cent activist shareholder in National Express, has called for a boardroom shake-up at the transport group and for it to invest more heavily in its US business.
Wednesday 13 April 2011
National Express's dissident shareholder group turned up the pressure on its chief executive, Dean Finch, yesterday by claiming the support of the Cosmens, the Spanish family that is a major shareholder in the transport giant.
Tuesday 05 April 2011
National Express has squared up to its second-biggest shareholder in a dispute over demands for a boardroom shake-up at the transport giant.
Sunday 03 April 2011
Sunday 03 April 2011
Irene Rosenfeld, chairman and chief executive of Kraft, is being paid a $2.1m (£1.3m) cash award for her work last year. But that's only the icing on the cake: her total pay is a whopping $19.3m. According to Kraft, Rosenfeld is being paid the cash award part of the package even though she didn't meet all her financial incentive targets. This is mainly because she improved the "talent pipeline" by helping persuade certain Cadbury directors to stay on after the controversial bid.
Wednesday 30 March 2011
A major National Express shareholder is demanding a radical shake-up of the board to "provide a fresh perspective" and find growth opportunities. The US hedge fund giant Elliott Advisers owns 17 per cent of the transport company, and is putting forward three candidates for new non-executive director roles.
Wednesday 09 March 2011
Billionaire hedge fund manager Carl Icahn has said he plans to return all of his clients' money, becoming the latest in a string of investors who no longer want to manage money for outsiders.
Wednesday 09 March 2011
Outlook If Raj Rajaratnam had returned to the UK after business school in Pennsylvania and set up his hedge fund, Galleon, in the City of London instead of in the US, would the British authorities have been able to put him in the dock on charges of insider trading? The answer, sadly, is certainly not.
Thursday 17 February 2011
Sunday 13 February 2011
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Extend Right To Buy to tenants of private landlords, Labour's Jeremy Corbyn says
David Cameron struck double blow in his hopes to win Britain a new EU deal
Pentagon accuses Russia of 'playing with fire' over nuclear threats towards Nato
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