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Manchester Building Society
colsten
Posts: 17,597 Forumite
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
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
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Comments
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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!"Free the dunston one next time too.0
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Reading the article the building society is running down it's mortgage book. Be married off once financially stable.0
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A detailed and damning assessment: http://www.coppolacomment.com/2016/04/the-building-society-broken-by-its.html0
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