Manchester Building Society

colsten

The long-term future of Manchester Building Society has been thrown into doubt after it reported a loss for 2015 and warned of “material uncertainty”.

Keep within your £75K FSCS limit, folks. With any financial institution.

http://www.theguardian.com/money/2016/apr/15/manchester-building-society-warns-customers-limit-savings

kidmugsy

My first reaction was to wonder whether the govt will twist Nationwide's arm to ride to the rescue. Or maybe it's the Coventry's turn. In their shoes I might reply "You own RBS; tell it to do the rescue!"

Thrugelmir

Reading the article the building society is running down it's mortgage book. Be married off once financially stable.

colsten

A detailed and damning assessment: http://www.coppolacomment.com/2016/04/the-building-society-broken-by-its.html