News

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.

Jobs threat as 'Egg' set to be broken up

One of the UK's first and best-known internet banks was broken up today in a move threatening up to 600 jobs.

Pensioners regret taking tax-free lump sum

The ability to take a tax-free lump sum at retirement is supposed to be one of the major benefits of having a personal pension.

Financial firms have 'not learned' says FSA chief

Financial services firms have learned nothing about treating customers fairly in the last eight years, according to the man who regulates the industry – Hector Sants, chief executive of the City watchdog, the Financial Services Authority.

David Prosser: Tesco offers hope to rebel shareholders everywhere else

Outlook For those who regard the scale of the rewards paid to its executives as excessive, Tesco's insistence that "every little helps" is not likely to play any better for yesterday's revamp of its remuneration policy. This, after all, is a company that handed even its lowest-paid director more than £1.7m last year.

Could the top man from the Pru be shown the door?

The chairman of Prudential, Harvey McGrath, faced questions about his future yesterday after he suffered a shareholder revolt at the company's annual meeting.

David Prosser: Shareholders raise their voices – but companies are covering their ears

Outlook It is almost 12 months since Prudential had to pull the plug on its bid for the Asian insurer AIA, at a cost to the company of more than £300m, but the insurer's chairman finally got his comeuppance yesterday – more than one in five shareholders voted against Harvey McGrath's re-election to the board.

Regulator warns banks over risks

Banks could see bonuses cut, dividends limited or lending levels restricted if their activities are considered too risky, the head of their new regulatory body, the Prudential Regulatory Authority, said today.

Executive pay triggers revolt at William Hill

William Hill was yesterday forced to face down a shareholder revolt after almost a third voted against approving the chief executive's pay rise.

Investment Column: US move distracts from Pru's Asian gains

Bovis Homes; Firstgroup

FSA fines near £100m in watchdog's final year

Britain's chief City regulator fined financial services groups almost £100m in its last year in operation, three times as much as in the previous 12 months.

David Prosser: The man from the Pru enjoys an undeservedly generous payday

Outlook Here are two numbers for you: £377m and £50,000. The first number is the cost to Prudential, as detailed in its annual report yesterday, of its failed bid for AIA, the Asian insurance company. The second figure, also taken from Pru's report, is the amount of bonus the insurer's chief executive, Tidjane Thiam, missed out on at the end of 2010. Despite presiding over the AIA botch, Mr Thiam collected a bonus of £1.57m, 97 per cent of the £1.62m that was the maximum he could have theoretically earned.

Pru boss awarded £1.6m bonus

Prudential has paid its chief executive, Tidjane Thiam, £4.7m for 2010 even after his botched bid for AIA cost the insurer £377m.

Investment Column: Standard Life's Nish is worth backing

Cineworld; Clarkson

Pru cheers investors with hefty dividend hike

Prudential unveiled a surprise 20 per cent jump in its annual dividend and booming profits yesterday as it sought to draw a line under last year's botched bid for rival AIA. The news sent the insurer's shares up almost 5 per cent to a four-year high.

News
news
Arts and Entertainment
tvSPOILER ALERT: Like a mash-up of 28 Days Later, Braveheart, The Killing and Lord of the Rings, this GoT episode was a belter
Life and Style
Angel Di Maria is shown the red card
tech
Sport
Roger Federer after his win over Tomas Berdych
sport
Life and Style
News in briefs: big pants in 'Bridget Jones's Diary'
fashionBig knickers are back
Sport
James Milner is set to sign for Liverpool this week despite rival interest from Arsenal
sportReds baulk at Benteke £32.5m release clause
News
The controversial Motor Neurone Disease Association poster, featuring sufferer Michael Smith, has drawn a series of angry complaints
newsThis one has been criticised for its 'threatening tone'
News
A stray dog sleeps
news
News
The question that has split federal appeals courts is whether the threats made on social media must be intentional to be illegal
tech
News
i100
Latest stories from i100
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?
Big knickers are back: Thongs ain't what they used to be

Thongs ain't what they used to be

Big knickers are back
Thurston Moore interview

Thurston Moore interview

On living in London, Sonic Youth and musical memoirs
In full bloom

In full bloom

Floral print womenswear
From leading man to Elephant Man, Bradley Cooper is terrific

From leading man to Elephant Man

Bradley Cooper is terrific
In this the person to restore our trust in the banks?

In this the person to restore our trust in the banks?

Dame Colette Bowe - interview
When do the creative juices dry up?

When do the creative juices dry up?

David Lodge thinks he knows
The 'Cher moment' happening across fashion just now

Fashion's Cher moment

Ageing beauty will always be more classy than all that booty
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination

Health fears over school cancer jab

Shock new Freedom of Information figures show how thousands of girls have suffered serious symptoms after routine HPV injection
Fifa President Sepp Blatter warns his opponents: 'I forgive everyone, but I don't forget'

'I forgive everyone, but I don't forget'

Fifa president Sepp Blatter issues defiant warning to opponents
Extreme summer temperatures will soon cause deaths of up to 1,700 more Britons a year, says government report

Weather warning

Extreme summer temperatures will soon cause deaths of up to 1,700 more Britons a year, says government report
LSD: Speaking to volunteer users of the drug as trials get underway to see if it cures depression and addiction

High hopes for LSD

Meet the volunteer users helping to see if it cures depression and addiction
German soldier who died fighting for UK in Battle of Waterloo should be removed from museum display and given dignified funeral, say historians

Saving Private Brandt

A Belgian museum's display of the skeleton of a soldier killed at Waterloo prompts calls for him to be given a dignified funeral