Saturday, May 26, 2012

Izzy, wizzy, let's get busy

Sky: Exclusive: Nationwide Nears Capital Deal

Nationwide, Britain's biggest building society, is closing in on a landmark deal with regulators that will ease concerns about a balance sheet squeeze that could affect its capacity to lend to homebuyers and business customers.

Posted by dill @ 05:45 AM (1328 views) Add Comment

3 Comments

1. hpwatcher said...

fools!

Saturday, May 26, 2012 09:05AM Report Comment
 

2. cornishman said...

"I'm told by people close to Nationwide that the development of the new capital instruments has no implications for its mutual status and that it remains firmly committed to it."

Of course the Nationwide management are 'firmly committed' to maintaining the mutual status - it means they can do whatever they like with the business. How many of the 15 million members are going to challenge them?

Saturday, May 26, 2012 09:19AM Report Comment
 

3. iguana said...

Dare I suggest that it sounds just like a rights issue?

Saturday, May 26, 2012 04:05PM Report Comment
 

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