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Showing results for tags 'FSCS Manchester'.
Manchester Building Society is fighting for survival after urging customers to keep savings below the £75,000 limit covered by a national compensation scheme. In an ominous statement, the chairman David Harding said there was “uncertainty regarding the long-term future of the society”, but insisted the board was doing all it could to save the institution. Harding said: “We continue to put the best interests of our members first." From the Guardian: http://www.theguardian.com/money/2016/apr/15/manchester-building-society-warns-customers-limit-savings Warning here from Oliver Butt back in 2014: http://www.fixedincomeinvestor.co.uk/x/analysis.html?type=bond-of-the-week&cat=analysis-comment&y=2014&aid=1269 Current Discussion: http://www.fixedincomeinvestor.co.uk/x/forum.html#/discussion/356/manchester-building-society-battling-to-survive