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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.

Bank workers pick Singapore over London

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.

Stephen Foley: Anti-mafia tactics were the key to exposing secret deals

Prosecutors turned to tactics developed for fighting mafia bosses and drug gangs in their latest effort to rein in insider dealing on Wall Street.

National Express nears Elliott truce

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.

L&G to vote with National Express

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.

Back to the start for Rajaratnam jury

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.

Investor says National Express needs merger

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.

Rebel investor turns up the heat in National Express dispute

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.

National Express at odds with Elliott

National Express has squared up to its second-biggest shareholder in a dispute over demands for a boardroom shake-up at the transport giant.

The Last Werewolf, By Glen Duncan

This old dog has some very neat tricks

Margareta Pagano: Why winners should not be able to take all

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.

National Express faces demand for shake-up

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.

Icahn to return clients' money

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.

Stephen Foley: The FSA must be given more weapons to root out insider-dealing networks

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.

James Moore: Madoff is an unreliable witness – but a very convincing one

If contemplating his jail term and the suicide of his son have loosened his tongue, there may well be sleepless nights at some very grand institutions

John Rentoul: Politics, not economics, wins elections

George Osborne wrongfooted Ed Balls over bonuses, and such tactics will do more for him than number-crunching
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Pompeii, Capri & the Bay of Naples
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How to stop an asteroid hitting Earth: Would people co-operate to face down a global peril?

How to stop an asteroid hitting Earth

Would people cooperate to face a global peril?
Just one day to find €1.6bn: Greece edges nearer euro exit

One day to find €1.6bn

Greece is edging inexorably towards an exit from the euro
New 'Iron Man' augmented reality technology could help surgeons and firefighters, say scientists

'Iron Man' augmented reality technology could become reality

Holographic projections would provide extra information on objects in a person's visual field in real time
Sugary drinks 'are killing 184,000 adults around the world every year'

Sugary drinks are killing 184,000 adults around the world every year

The drinks that should be eliminated from people's diets
Pride of Place: Historians map out untold LGBT histories of locations throughout UK

Historians map out untold LGBT histories

Public are being asked to help improve the map
Lionel, Patti, Burt and The Who rock Glasto

Lionel, Patti, Burt and The Who rock Glasto

This was the year of 24-carat Golden Oldies
Paris Fashion Week

Paris Fashion Week

Thom Browne's scarecrows offer a rare beacon in commercial offerings
A year of the caliphate:

Isis, a year of the caliphate

Who can defeat the so-called 'Islamic State' – and how?
Marks and Spencer: Can a new team of designers put the spark back into the high-street brand?

Marks and Spencer

Can a new team of designers put the spark back into the high-street brand?
'We haven't invaded France': Italy's Prime Minister 'reclaims' Europe's highest peak

'We haven't invaded France'

Italy's Prime Minister 'reclaims' Europe's highest peak
Isis in Kobani: Why we ignore the worst of the massacres

Why do we ignore the worst of the massacres?

The West’s determination not to offend its Sunni allies helps Isis and puts us all at risk, says Patrick Cockburn
7/7 bombings 10 years on: Four emergency workers who saved lives recall the shocking day that 52 people were killed

Remembering 7/7 ten years on

Four emergency workers recall their memories of that day – and reveal how it's affected them ever since
Humans: Are the scientists developing robots in danger of replicating the hit Channel 4 drama?

They’re here to help

We want robots to do our drudge work, and to look enough like us for comfort. But are the scientists developing artificial intelligence in danger of replicating the TV drama Humans?
Time to lay these myths about the Deep South to rest

Time to lay these myths about the Deep South to rest

'Heritage' is a loaded word in the Dixie, but the Charleston killings show how dangerous it is to cling to a deadly past, says Rupert Cornwell
What exactly does 'one' mean? Court of Appeal passes judgement on thorny mathematical issue

What exactly does 'one' mean?

Court of Appeal passes judgement on thorny mathematical issue