Goldman Sachs’ private equity arm is set to announce a £150m investment in insurance group Hastings Direct that will leave chairman Neil Utley cashing in tens of millions of pounds from the business he turned around after buying it in 2008.
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Thursday 05 February 2009
Time to boycott PMQs. This one says this, that one says that, sometimes it's the other way round. It is not merely sterile in itself but the cause of sterility in others.
Tuesday 27 January 2009
Saturday 24 January 2009
Thursday 22 January 2009
The banking system must undergo "profound" changes if a repeat of the current collapse is to be avoided in future, the head of the City watchdog warned.
Thursday 22 January 2009
Northern Rock's staff are to share £8.8m in bonuses this week. Most employees at the nationalised bank will get 10 per cent of their salaries, or about £2,000 each, under an agreement approved by the Treasury last year.
Wednesday 21 January 2009
Union leaders today defended bonuses being paid this week to staff at nationalised bank Northern Rock as a reward for their "dedication."
Tuesday 20 January 2009
Monday 19 January 2009
Troubled mortgage lender Northern Rock unveiled a new strategy today which will see it slow the rate at which it shrinks its mortgage book.
Thursday 15 January 2009
Shareholders in Northern Rock have criticised the Government for encouraging them to keep or buy shares in the stricken bank before nationalising it on terms that will leave them with little or nothing.
Wednesday 14 January 2009
Northern Rock's biggest former shareholder has accused the Government of deliberately changing its story over the way in which it had nationalised the bank, in order to avoid having to compensate the stricken mortgage lender's shareholders.
Saturday 10 January 2009
Northern Rock is looking for a new finance director after Ann Godbehere resigned less than a year after joining the nationalised bank.
Wednesday 07 January 2009
Northern Rock's biggest former investor will argue in court next week that the bank's shareholders were "punished" by the Government for being the first lender hit by market turmoil.
Wednesday 17 December 2008
Outlook It's reassuring to see that even in these straitened times, there are still some able to whoop it up as if in the latter stages of the boom. One such is "lucky" John Tiner, a former chief executive of the Financial Services Authority, no less – lucky because he managed to get out of the FSA just before the proverbial hit the fan over Northern Rock and everything else.
Thursday 11 December 2008
The man who tried, and failed, to get the Bank of England to cut interest rates faster and sooner in the face of gathering recession, David Blanchflower, is to leave the Monetary Policy Committee when his term ends in May.
Wednesday 03 December 2008
Gordon Brown today announced measures to help families avoid repossession by deferring a proportion of their mortgage interest payments for up to two years.
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