Building Society in Crunch Talks
Dunfermline Building Society, which has 34 branches across the country and almost 500 employees, was founded 140 years ago. It is Scotland’s biggest building society.
However, it emerged at the end of last week that the group was in serious cash flow trouble and facing losses of multi-million pounds. The group now remains in intensive talks with the financial regulator over its future. It is understood many of Dunfermline’s woes stem from its exposure to bad loans in the commercial property market.
Though Dunfermline would not comment on speculation about its finances, there has been speculation that it could announce losses of up to £26m.
Comments
Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!
-
Get your chance to win it BIG with fabulous bingo games
-
Stock Quotes
-
Categories
-
Archives
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
-
Links
-
Meta
Welcome to Euro Station
