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Good News on BS Mergers
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RayWolfe
Posts: 3,045 Forumite
Merging BS are not going to mean that people will break the £50K limit.
http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=322349&re=4268&ea=83519
http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=322349&re=4268&ea=83519
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Comments
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It says this only applies if separate names are kept. But this hardly ever happens after a merger. Nationwide is not likely to keep Cheshire and Derbyshire going as separate names when it did not keep the name of a larger and more successful building society in its previous take-over. Separate names might be kept if the proposed Co-Op/Britannia merger goes through and maybe the Skipton/Scarborough merger. Barnsley isn't big enough to be worth keeping as a separate brand.0
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