Northern Rock

Northern Rock will begin seeking out potential bidders today in the first tentative steps towards returning bailed-out banks to private ownership.

Nationalised lender Northern Rock has returned to profit in the first half of the year.

Ignis plans to exchange up to £40m in subordinated Northern Rock debt after the nationalised bank outlined plans to buy back the bonds at more than double previous trading levels.

THE FINANCIAL SHORTING AUTHORITY

M&G's Richard Woolnough believes both the long and short term outlooks for inflation are similar - namely they will not be a significant issue.

The image of the banking sector may be taking a battering at the moment, but it has not stopped new players entering the market

M&G's £233.3m High Interest fund has powered ahead of Money Market sector peers over the past year after retaining exposure to floating rate notes hit hard during the financial crisis.

While the ambitions of a fund manager and the beliefs of a committed Christian might seem very incongruous, one fund manager at least sees things very sees things differently

Following the recent failures of the banking system, the Walker Review rightly recommends greater transparency and engagement

Northern Rock has announced it will stop paying interest on some of its bonds until further notice.