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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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Homeless Veterans Christmas Appeal: Drifting and forgotten - turning lives around for ex-soldiers

Homeless Veterans Christmas Appeal: Turning lives around for ex-soldiers

Our partner charities help veterans on the brink – and get them back on their feet
Putin’s far-right ambition: Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU

Putin’s far-right ambition

Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU
Tove Jansson's Moominland: What was the inspiration for Finland's most famous family?

Escape to Moominland

What was the inspiration for Finland's most famous family?
Nightclubbing with Richard Young: The story behind his latest book of celebrity photographs

24-Hour party person

Photographer Richard Young has been snapping celebrities at play for 40 years. As his latest book is released, he reveals that it wasn’t all fun and games
Michelle Obama's school dinners: America’s children have a message for the First Lady

A taste for rebellion

US children have started an online protest against Michelle Obama’s drive for healthy school meals by posting photos of their lunches
Colouring books for adults: How the French are going crazy for Crayolas

Colouring books for adults

How the French are going crazy for Crayolas
Jack Thorne's play 'Hope': What would you do as a local politician faced with an impossible choice of cuts?

What would you do as a local politician faced with an impossible choice of cuts?

Playwright Jack Thorne's latest work 'Hope' poses the question to audiences
Ed Harcourt on Romeo Beckham and life as a court composer at Burberry

Call me Ed Mozart

Paloma Faith, Lana del Ray... Romeo Beckham. Ed Harcourt has proved that he can write for them all. But it took a personal crisis to turn him from indie star to writer-for-hire
10 best stocking fillers for foodies

Festive treats: 10 best stocking fillers for foodies

From boozy milk to wasabi, give the food-lover in your life some extra-special, unusual treats to wake up to on Christmas morning
Phil Hughes head injury: He had one weakness – it has come back to haunt him

Phil Hughes had one weakness – it has come back to haunt him

Prolific opener had world at his feet until Harmison and Flintoff bounced him
'I have an age of attraction that starts as low as four': How do you deal with a paedophile who has never committed a crime?

'I am a paedophile'

Is our approach to sex offenders helping to create more victims?
How bad do you have to be to lose a Home Office contract?

How bad do you have to be to lose a Home Office contract?

Serco given Yarl’s Wood immigration contract despite ‘vast failings’
Green Party on the march in Bristol: From a lost deposit to victory

From a lost deposit to victory

Green Party on the march in Bristol
Putting the grot right into Santa's grotto

Winter blunderlands

Putting the grot into grotto
'It just came to us, why not do it naked?' London's first nude free runner captured in breathtaking images across capital

'It just came to us, why not do it naked?'

London's first nude free runner captured in breathtaking images across capital