Summary
BUILDING societies no longer seem the ideal to which the beleaguered banks should aspire.
They have had a rougher time of it in recent months after initially appearing to transcend some of the problems that hit banks last autumn. The demise of the Dunfermline is the obvious example north of the Border, but other societies have experienced problems of varying degrees.See the full content of this document
Extract
Strongest Building Societies Need More Breathing Space
Several were recently downgraded by credit agencies concerned about bad debts and their financial stability. The Building Societies Association's annual conference last week was a pretty do...
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