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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Tuesday 28 January 2014
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.
Tuesday 14 January 2014
Benefits rising for ‘Bake Off’ maker
Tuesday 07 January 2014
The man who approved the appointment of Paul Flowers as chairman of the Co-op told MPs he “stands by the decision”.
Tuesday 07 January 2014
Entrepreneurs pray for wealth
Monday 30 December 2013
Homeowners selling their properties in order to turn their equity into cash to boost their retirement incomes
Thursday 26 December 2013
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).
Monday 16 December 2013
Finance director Richard Meddings is set to hand over responsibility for risk to chief executive Peter Sands
Tuesday 12 November 2013
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.
Tuesday 01 October 2013
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.
Thursday 29 August 2013
Co-operative Bank reports pre-tax losses of £709m in six months to end of June, wiping out profits from its supermarkets
Sunday 18 August 2013
Tuesday 13 August 2013
Prudential’s chief executive Tidjane Thiam has described new capital rules from Brussels as “one of the biggest threats to UK jobs and growth”.
Thursday 08 August 2013
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.
Friday 02 August 2013
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.
Thursday 01 August 2013
More than 40% of retired renters are former property owners and pay £423 a month in rent on average
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests