Paul Moore, like the ancient Cassandra, was always doomed to be ignored. HBOS was caught in the same mad mindset as almost every other major corporate player in banking and beyond.

Former shareholders in Northern Rock failed today in their High Court bid to overturn a Government compensation scheme which they say will result in their shares being valued at nothing.

Losses incurred by Northern Rock on repossessed homes soared nearly four-fold during 2008 as the economy deteriorated, figures showed today.

It may not be most people's idea of fun, but I actually like meetings of the Treasury Select Committee – well some of them at least. They have provided some good knockabout stuff. The MPs on the committee are really in their element when a banker (preferably American) comes blinking in front of them trying to defend the often indefensible.

Given all the major banks that have been nationalised or semi-nationalised recently, it seems odd indeed that the Government still seems set on privatising Ordnance Survey. Something of a minnow when set against Northern Rock or RBS, Ordnance Survey has been doing that old-fashioned Victorian thing of public service since, well, before Victorian times.

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.

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.

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.

Union leaders today defended bonuses being paid this week to staff at nationalised bank Northern Rock as a reward for their "dedication."

Troubled mortgage lender Northern Rock unveiled a new strategy today which will see it slow the rate at which it shrinks its mortgage book.