Norwich and Peterborough

Yorkshire Building Society is in advanced talks to acquire Keydata-claims hit Norwich & Peterborough (N&P) building society, according to reports.

Norwich & Peterborough (N&P) building society has its back against the wall this morning after the FOS ordered it to compensate a customer exposed to Keydata products, in a case victims say mimics hundreds of others.

The Financial Ombudsman (FOS) has told an investor who alleges Norwich & Peterborough (N&P) mis-sold him a Keydata investment to seek compensation from the industry-funded FSCS instead.

Norwich & Peterborough (N&P) has confirmed troubled Keydata-backer Lifemark is in a position to repay in full the £1.5m borrowed from the building society in October.

Norwich & Peterborough (N&P) Building Society has transferred its network of 21 IFAs to Aviva citing spiralling costs.

The FSA has appointed three more non-executive directors to the strategic board of the Financial Ombudsman Service (FOS), as it prepares for an avalanche of extra claims over Payment Protection Insurance and a series of investment company failures.

Lifemark must find $11m from its dwindling coffers to repay with interest a £1.5m loan from Norwich & Peterborough (N&P) and $7.5m from CarVal, as both companies back out of providing longer-term funding.

Barclays tore up every TCF rule in the book to flog the two Aviva funds linked to today's record-breaking FSA fine. But shockingly, this is not an isolated case of negligent advice from major financial institutions and the big question is who will be next in the firing line?

Merger-target Norwich & Peterborough (N&P) building society is carrying out a review of its IFA network with a view to selling off its 21 advisers.

Matthew Bullock, the CEO of troubled building society Norwich & Peterborough (N&P), is leaving the company amid takeover rumours and claims of a £50m misselling scandal of Keydata products.