Posted on March 25, 2009 by mutualmoney
The chief executive of the troubled Dunfermline Building Society (DBS), has today released a statement on the society’s website. The statement clearly aimed at calming speculation about the future of DBS and avoid a Northern Rock style run on the society says:
As everyone is aware, economic conditions over the last year or so have been [...]
Filed under: General | Tagged: Building Society, Cheshire, credit unions, Dunfermline Building Society, financial crisis, FT, HM Treasury, Mutual, mutual solutions, Nationwide, Scottish Government, The Building Societies Association, The Herald, The Scotsman | Leave a Comment »
Posted on March 19, 2009 by mutualmoney
Not the most catchy headline, I admit. However the annual results of the Stroud & Swindon Building Society highlight the impact that the Financial Services Compensation Scheme (FSCS) levy will have on smaller mutual societies. The levy was introduced to boost the scheme’s funding after the collapse of the Icelandic banks.
Stroud & Swindon announced an [...]
Filed under: General | Tagged: Building Society, credit crunch, financial crisis, Financial Services Compensation Scheme, FSA, FSCS, levy, Mutual, Stroud & Swindon, The Building Societies Association | Leave a Comment »
Posted on March 19, 2009 by mutualmoney
Speculation is mounting in the Scottish press and in political circles about the future of the Dunfermline Building Society. The society, Scotland’s largest, is, according to The Scotsman, expected to reveal a loss of £29m over the last 12 months, mainly due to impaired commercial lending. This compared to a £2m profit the previous year. [...]
Filed under: General | Tagged: Britannia Building Society, Building Society, commercial lending, credit crunch, Dunfermline Building Society, Mutual, Nationwide, The Co-operative Bank, The Herald, The Scotsman, Yorkshire Building Society | Leave a Comment »
