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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.

The Sketch: MPs shoot the messenger and miss the point

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.

David Prosser: Barclays raises its voice and finally makes itself heard

Outlook: It’s difficult to see how the state could nationalise Barclays on different terms to Northern Rock

How to take on Goliath in the courts and win

Think you're owed money by banks or government? Swallow your pride and file a claim

Watchdog warns banks of need for 'profound changes'

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 staff to share £8.8m bonus pool

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.

Northern Rock bonuses defended

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

Rock set to boost mortgage lending

Nationalised bank acts after getting more time to repay £26bn state bailout

Northern Rock to slow mortgage redemptions

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

Investors challenge 'unlawful' £50bn Rock bailout

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.

Government 'changed story' over Northern Rock nationalisation

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.

Northern Rock in hunt for finance chief after Godbehere departure

Northern Rock is looking for a new finance director after Ann Godbehere resigned less than a year after joining the nationalised bank.

Northern Rock investors press ahead with court case against Government

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.

Jeremy Warner: Excessive pay is not yet dead

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.

Arch-dove Blanchflower to stand down from MPC

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.

Brown reveals mortgage help scheme

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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Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

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