MRMX9 Posted June 7, 2009 Share Posted June 7, 2009 Looks like the West Bromwich BS may be on its last legs: http://www.birminghampost.net/birmingham-b...65233-23811972/ West Bromwich Building Society has refused to deny speculation that Treasury advisers were on standby for a Government-backed rescue following the alleged failure of merger talks with its counterpart in Coventry. The Black Country society issued a terse statement distancing itself from weekend reports that a Dunfermline Building Society-style state-endorsed salvage operation was planned for the West Bromwich. Reports claimed that the West Bromwich was close to breaching regulatory capital requirements, with auditors yet to sign off the group’s accounts ahead of next month’s annual general meeting. The claims have fuelled speculation that the West Bromwich could be forced into a merger by the Financial Services Authority or be broken up, with rivals such as Coventry Building Society waiting in the wings. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted June 7, 2009 Share Posted June 7, 2009 They were giving shiny cars away to get people to take mortgages at the peak of it? Quote Link to comment Share on other sites More sharing options...
Mega Posted June 7, 2009 Share Posted June 7, 2009 They were giving shiny cars away to get people to take mortgages at the peak of it? So is the Goverment now , so its a nice fit! Mike Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 7, 2009 Share Posted June 7, 2009 (edited) Looks like the West Bromwich BS may be on its last legs:http://www.birminghampost.net/birmingham-b...65233-23811972/ So -- Like Northern Crook, HBOS, Bradford & Bungle, etc etc. - just ANOTHER bunch of LIAR LOAN COWBOYS.... Edited June 7, 2009 by eric pebble Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 8, 2009 Share Posted June 8, 2009 We've not had a rescue for awhile now, I think it's time for one. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 8, 2009 Share Posted June 8, 2009 We've not had a rescue for awhile now, I think it's time for one. From that bottomless money pit, the taxpayer.... Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 9, 2009 Share Posted June 9, 2009 They were giving shiny cars away to get people to take mortgages at the peak of it? Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 9, 2009 Share Posted June 9, 2009 [mistake] Quote Link to comment Share on other sites More sharing options...
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