Britannia in merger talks
BRITANNIA today confirmed it is in talks with Co-Operative Financial Services over a possible future merger.
Britannia Building Society said the talks were at a very early stage and would cover a wide range of options.
The combined organisations would have around 70 billion of assets and six million customers. An anticipated House of Commons Bill will make it easier for different types of mutuals – building societies, co-operatives and friendly societies – to work together.
Britannia chief executive Neville Richardson said: "As two like-minded, forward-thinking and financially strong mutuals, we're talking with CFS about how we can work together to create an exciting proposition for our members."
Email to a friend
Print this page- Rangers run into the ground as furious HMRC battles to claw back tax
- Broken Rangers: Club signals intention to go into administration
- Rangers: ‘Crisis will soon be over and Rangers FC will survive’
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Rangers blame HMRC for driving club to brink of administration
- Devo-max merely a dodgy back-up plan to save SNP, says Jim Sillars
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- The Rumour Mill: Thursday’s football news and gossip
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- The Rumour Mill: Wednesday’s football news and gossip
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Friday 17 February 2012
Today
Light rain
Temperature: 5 C to 10 C
Wind Speed: 22 mph
Wind direction: South west
Tomorrow
Cloudy
Temperature: -1 C to 6 C
Wind Speed: 24 mph
Wind direction: West
