Northern Rock

Prime Minister Gordon Brown is expected to announce a manifesto in Birmingham today which includes plans to remutualise Northern Rock.

Roman Abramovich will be forced to publicly explain his business dealings and ties to the Kremlin after he failed yesterday to strike out a £2bn lawsuit brought by his former business partner Boris Berezovsky.

A report published by independent valuer BDO has ruled there is no reason for Northern Rock shareholders to receive any compensation and has determined that there is "no value" in shares of the beleaguered lender.

Chancellor Alistair Darling has announced the Government will integrate Northern Rock Asset Management (NRAM) and Bradford & Bingley (B&B).

Moneyfacts has revealed that state-funded banks charged higher than average rates on their products over the last year, despite the Bank of England base rate remaining at 0.5%.

Distressed bank Northern Rock recorded a statutory loss of £257m in 2009, compared to a loss of £1.4bn the previous year.

State funded banks are becoming less willing to actively compete with privately owned rivals, according to Moneyfacts.

A last-minute rush to accelerate the payment of bonuses ahead of April's introduction of the 50p tax rate for high earners is under way, amid mounting anger by top executives over the squeeze on their take-home pay.

Nationalised bank Northern Rock has signed a four-year sponsorship deal with Newcastle United FC which could be worth up to £10m.

RBS chief Stephen Hester said today that even his parents think he earns too much.