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Building society in rescue talks

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6301642.ece

West Bromwich building society, which celebrated its 160th anniversary this year, has a loan book worth almost £10 billion. It is being secretly offered to potential white-knight bidders by the Financial Services Authority (FSA), the City regulator.
Coventry and Yorkshire building societies are both in talks with the regulator on a possible takeover of their struggling rival

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