The FSA has approved a proposed merger between Coventry Building Society and Stroud & Swindon Building Society. Under the merger the two financial providers will come together from the start of September. The newly formed organisation will be called Coventry Building Society, and will be based in...
Posted to
Finance
on 08-06-2010
Filed under: All Financial News, UK, Mortgage News, Property News, Banking News, Company News, merger, Coventry Building Society, Stroud & Swindon Building Society
Nationwide Building Society has today announced a fall in annual profits.
The UK’s largest building society said underlying pre-tax profits fell to £212 million for the year to 4 April, compared with £393 million in the same period a year earlier. The company said it expects the “lower levels of...
Posted to
Finance
on 05-26-2010
Filed under: All Financial News, Mortgage News, fall, Banking News, Nationwide Building Society, Company News, annual, job losses, profits, cutbacks, overlap, takeovers
US mortgage giant Freddie Mac, which was taken over by regulators at the height of the financial crisis, has asked for a further $10.6 billion in state aid. The company, which announced a $6.7 billion dollar loss in the first quarter, said it would need the new funding by the end of June.
The latest...
Posted to
Finance
on 05-06-2010
Filed under: Bailout, All Financial News, Economy News, Mortgage News, Banking News, losses, housing market, Company News, sub-prime, further, quarter one, Freddie Mac
The Reader’s Digest 9th annual survey has revealed Britain’s most trusted brands, which in today’s climate, has more relevance than previous years.
Lloyds TSB (now Lloyds Banking Group following its takeover of HBOS) has retained the top spot for the most trusted bank/building society in the UK. Since...
Posted to
Finance
on 04-01-2009
Filed under: All Financial News, Economy News, Mortgage News, Insurance News, Direct Line, Credit Card News, Lloyds, Nationwide, Company News, Tesco, Ford, Barclaycard, trusted brands, Reader’s Digest annual survey