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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.

Former chairman of the Co-operative Bank, Paul Flowers

Disgraced Paul Flowers won Co-op job thanks to 'psychometric tests' results

Paul Flowers — the Methodist minister filmed allegedly buying drugs — beat experienced bankers to the post of chairman of the Co-operative Bank because he scored highest on psychometric tests, it emerged today.

The Business Matrix: Tuesday 14 January 2014

Benefits rising for ‘Bake Off’ maker

Watchdog defends approval of former Co-op chair Paul Flowers

The man who approved the appointment of Paul Flowers as chairman of the Co-op told MPs he “stands by the decision”.

The Business Matrix: Tuesday 7 January 2014

Entrepreneurs pray for wealth

Retirement rental hotspots in England and Wales

Homeowners selling their properties in order to turn their equity into cash to boost their retirement incomes

Mr Tomlinson said that many of the new cases also related to RBS and its Global Restructuring Group (GRG)

‘Horror stories’ pile up as another 450 firms complain about banks

Lawrence Tomlinson, author of the inquiry which cited evidence that RBS had deliberately destroyed companies to make a profit, said on Thursday he has received another 450 cases since his report was published at the end of November. Mr Tomlinson, entrepreneur in residence at the Department for Business, Innovation and Skills, added that many of the new cases also related to RBS and its Global Restructuring Group (GRG).

Standard Chartered takes a hit as finance director is stripped of risk role

Finance director Richard Meddings is set to hand over responsibility for risk to chief executive Peter Sands

Staff turnover at financial regulator doubles since split

Staff have been quitting Britain's financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in Europe's biggest financial hub.

Banks braced for tough new regime of annual stress tests

UK banks will face annual stress tests for the first time to see if they could survive a major collapse in financial markets or the economy, the Bank of England said today.

The Co-operative Bank reported pre-tax losses of £709.4m in the six months to the end of June

Accept £1bn plan or we go bust, warns Co-op Bank as losses see group go almost £560m into the red

Co-operative Bank reports pre-tax losses of £709m in six months to end of June, wiping out profits from its supermarkets

Business week in review

In profit...

Pru warns capital rules are a threat to UK jobs and growth

Prudential’s chief executive Tidjane Thiam has described new capital rules from Brussels as “one of the biggest threats to UK jobs and growth”.

James Moore: We'd better not rush headlong into a party as Carney goes for growth

Outlook Mark Carney seems determined to make a noise, and despite an economic backdrop which appears to give him and his colleagues on the Bank of England's Monetary Policy Committee only limited room for manoeuvre, he's surely done it.

Retired renters pay the price for selling up

Retirees turning their back on the housing market in the pursuit of ready cash to settle debts are paying the price in accommodation costs, the latest figures suggest.

Retired renters increasingly stepping off the property ladder

More than 40% of retired renters are former property owners and pay £423 a month in rent on average

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Vietnam & Cambodia
Pompeii, Capri & the Bay of Naples
Bruges
India & Nepal
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Berlin, Dresden, Meissen & Colditz
Prices correct as of 17 October 2014
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker
Renée Zellweger's real crime has been to age in an industry that prizes women's youth over humanity

'Renée Zellweger's real crime was to age'

The actress's altered appearance raised eyebrows at Elle's Women in Hollywood awards on Monday
From Cinderella to The Jungle Book, Disney plans live-action remakes of animated classics

Disney plans live-action remakes of animated classics

From Cinderella to The Jungle Book, Patrick Grafton-Green wonders if they can ever recapture the old magic
Thousands of teenagers to visit battlefields of the First World War in new Government scheme

Pupils to visit First World War battlefields

A new Government scheme aims to bring the the horrors of the conflict to life over the next five years
The 10 best smartphone accessories

Make the most of your mobile: 10 best smartphone accessories

Try these add-ons for everything from secret charging to making sure you never lose your keys again
Mario Balotelli substituted at half-time against Real Madrid: Was this shirt swapping the real reason?

Liverpool v Real Madrid

Mario Balotelli substituted at half-time. Was shirt swapping the real reason?
West Indies tour of India: Hurricane set to sweep Windies into the shadows

Hurricane set to sweep Windies into the shadows

Decision to pull out of India tour leaves the WICB fighting for its existence with an off-field storm building
Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?