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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.

'A shambles and a Disgrace' – The Pru reaps the whirlwind

But insurer's chairman says 'no reason' for directors to quit after blowing £450m on failed AIA deal. James Moore reports

David Prosser: Forget the progressive posturing: these cuts will feel savage

You cannot cut spending by 20 per cent in a single year without the effects being felt at every level of society, including by those on the lowest incomes

Shareholder storm will rock Pru's boat at AGM

The beleaguered life insurer Prudential will today make a further attempt to launch a fightback following the collapse of its $35.5bn (£24.5bn) bid to take over the Asian insurer AIA.

Co-operative is second firm to ditch longevity swap deal

The Co-operative has become the second company in a week to ditch plans, through a so-called longevity swap deal, to insure itself against the risk of pension fund members living longer than anticipated.

Thiam faces calls to quit from angry investors

The Prudential's chief executive, Tidjane Thiam, is expected to face a barrage of questions from angry investors at the insurer's general meeting in London, tomorrow, amid growing disquiet at the board's handling of the botched deal to buy AIG's Asian insurance arm for $35.5bn (£24bn).

Andreas Whittam Smith: BP's success is a national concern

You wouldn't think it from the brouhaha enveloping British Petroleum and Prudential this week, but these two old British companies have each made the right strategic decisions. But BP is wounded whereas Prudential is merely embarrassed. BP has concentrated on North America. This area is going to remain one of the world's largest consumers of oil for many years. BP has recently focused its exploration activities on the Gulf of Mexico, the doorstep to this market. There it has more leases than any other oil company so that now the region accounts for 25 per cent of BP's total production. For reasons of mishap and misjudgement, its position is now under threat, but its direction of travel is right.

Pru executives fight for survival after AIA deal is declared dead

The Prudential insisted yesterday that it was backing its chief executive, Tidjane Thiam, and chairman, Harvey McGrath, amid mounting pressure for heads to roll after the insurer's planned $35.5bn (£24bn) takeover of its Asian rival AIA collapsed.

Leading article: Prudential shareholders awake

The Prudential's Asian adventure lies in ruins. The plan of the insurer's chief executive, Tidjane Thiam, to buy the Asian arm of the stricken American financial services giant AIG has collapsed. A significant number of Prudential's institutional shareholders protested over the £24bn price being offered for the target. They also, after some timely prompting from the Financial Services Authority, harboured concerns over the stability of the giant new global insurer that would have been created by the merger.

Prudential left with £450m bill as AIA deal collapses

Insurer Prudential was left with a £450 million bill today after its £24 billion Asian adventure came to a humiliating end.

Prudential's big deal in tatters as AIG refuses to cut $35bn price

Insurer's shares bounce 6 per cent on expectation AIA takeover will be dropped

Paul Mumford: Investors will toast the demise of 'a deal too far'

The brusque rejection by AIG of Prudential's reduced offer for its Asian unit, AIA, looks likely to be the death blow that finally puts this audacious bid – already floundering in the face of an unprecedented shareholder rebellion – out of its misery. Should Pru's management and its lofty-thinking chief executive, Tidjane Thiam, fail to see the writing on the wall, the bid will almost certainly not be approved at its extraordinary general meeting on Monday.

Pressure mounts on Pru boss appointed just eight months ago

Prudential has declined to comment on whether its chief executive, Tidjane Thiam, would receive a bonus this year after the failed bid he fronted for AIA cost shareholders an estimated £300m.

David Prosser: The man from the Pru fights for his future

Outlook Should he stay or should he go? There is no doubt the credibility of Tidjane Thiam, of whom so much was expected on his accession to the chief executive's office at Prudential just eight months ago, has been severely damaged by the AIA debacle. But has it been damaged so badly that he cannot continue in the role?

Pru tells US that it needs a new AIA deal ready by Tuesday

Prudential executives were last night locked in talks with insurer AIG and US Government officials in a desperate bid to secure a cut in the $35.5bn (£24.5bn) price of Asian insurer AIA by the opening of trading in London tomorrow.

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