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Features
Financial mutuals feel the pain
Skipton Building Society’s decision to raise its mortgage lending rate is a sign of how badly hit some financial mutuals are in the current, continuing, crisis. Skipton has just increased its Standard Variable Rate (SVR) from 3.5 to 4.95 per cent.
February 05 2010
Ireland’s building societies are teetering on the brink
Something is rotten in the state of Ireland. Specifically, something is very rotten in the Republic’s banks. And, just for once (for good reason), I include the country’s last two building societies within the definition of ‘banks’.
February 04 2009
Archbishop backs sector
The Archbishop of Canterbury has called for the expansion of credit unions as a means to help eradicate bad debt and poverty across the UK.
June 23 2008
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