Summary
NORTH building society bosses have attacked a Government scheme to look after the customers of failed banks which they say will hit their profits and force them to give a worse deal to their own customers.
The Financial Services Compensation Scheme (FSCS) was launched to ensure those who bank as customers of failed banks such as Bradford & Bingley are not left out of pocket - and it is funded by a levy on every financial institution in the country.See the full content of this document
Extract
Building Societies Fighting Bank Levy
But building societies, led by the Newcastle and the Darlington in this region, say they are being discriminated against because the levy is calculated on th...
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