Summary
BARNSLEY Building Society is to merge with its larger rival Yorkshire Building Society after being exposed to losses from the collapse of the Icelandic banks.
The mutual had pounds 10m deposited with Kaupthing Singer & Friedlander, the UK arm of Iceland's biggest bank Kaupthing, and Heritable Bank, which is part of Landsbanki.See the full content of this document
Extract
Rival Building Societies Are Set to Merge
It said that while the sums could be covered by its general rese...
See the full content of this document
Sponsored links
