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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Tuesday 02 June 2009
Saturday 09 May 2009
Kate Tym, 43, is a freelance poet and full-time mother. She writes poems for weddings and is looking for ways to boost her business and her income.
Friday 01 May 2009
Saturday 18 April 2009
Outlook: First, Dunfermline Building Society went bust; then Moody's downgraded the credit rating of nine smaller building societies, some of them to only just above junk; now a self-styled "whistle-blower" comes forward to claim that the Financial Services Authority had stood idly by while building societies expanded their lending into ever more risky areas and were "eaten alive" by avaricious investment bankers.
Friday 20 March 2009
Wednesday 04 March 2009
Northern Rock's bad debts jumped almost threefold last year as the slowing economy took its toll on the nationalised bank's controversial Together loans.
Friday 27 February 2009
Tuesday 24 February 2009
Monday 23 February 2009
The head of nationalised Northern Rock today said he was ready to "take the shackles off" the lender as it announced up to £14bn extra in new mortgages.
Sunday 15 February 2009
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.
Friday 13 February 2009
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.
Monday 09 February 2009
Losses incurred by Northern Rock on repossessed homes soared nearly four-fold during 2008 as the economy deteriorated, figures showed today.
Sunday 08 February 2009
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.
Sunday 08 February 2009
Saturday 07 February 2009
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.
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