What happend if banks are nationalised & Building Society Q.

[james_tigerwoods]

As per the title - Given the trend towards nationalising banks - where do we stand if the major banks are nationalised?

And are Building Societies likely to be affected and/or should we be dump all our money there?

(Edit - That should read "What happens if banks are nationalised & Building Society Q.]

Edited by james_tigerwoods on Tuesday 30th September 09:49

[spikeyhead]

james_tigerwoods said:

As per the title - Given the trend towards nationalising banks - where do we stand if the major banks are nationalised?

And are Building Societies likely to be affected and/or should we be dump all our money there?

(Edit - That should read "What happens if banks are nationalised & Building Society Q.]

Edited by james_tigerwoods on Tuesday 30th September 09:49

What building societies?

There aren't any left.

Gone, all gone.

Well not quite, but there are very very few that are actually still building societies.

[Welshbeef]

Available credit would/is impacting Building societies too.

B&B used to be a great institution as a Building society as its savings books were greater than / equal to its mortgage book hence no issue, however since it was listed it vastly increased its Mortgage book (savings stayed similar) and it balanced its books on the money market - problem is the money market has dried up totally, result business fails.

[V8mate]

spikeyhead said:

james_tigerwoods said:

As per the title - Given the trend towards nationalising banks - where do we stand if the major banks are nationalised?

And are Building Societies likely to be affected and/or should we be dump all our money there?

(Edit - That should read "What happens if banks are nationalised & Building Society Q.]

Edited by james_tigerwoods on Tuesday 30th September 09:49

What building societies?

There aren't any left.

Gone, all gone.

Well not quite, but there are very very few that are actually still building societies.

Rubbish.

[scotal]

spikeyhead said:

james_tigerwoods said:

As per the title - Given the trend towards nationalising banks - where do we stand if the major banks are nationalised?

And are Building Societies likely to be affected and/or should we be dump all our money there?

(Edit - That should read "What happens if banks are nationalised & Building Society Q.]

Edited by james_tigerwoods on Tuesday 30th September 09:49

What building societies?

There aren't any left.

Gone, all gone.

Well not quite, but there are very very few that are actually still building societies.

Nationwide being the obvious one, and I suspect their board are having a right old chuckle at the demutualised societies that jumped on the banking bandwagon.

[telecat]

Loads still left. Leeds, Yorkshire and Skipton Building societies just in my area. Then there's the Chelsea, Norwich down south. Look up Wikipedia to check out exisitng BS's.

[spikeyhead]

V8mate said:

spikeyhead said:

james_tigerwoods said:

As per the title - Given the trend towards nationalising banks - where do we stand if the major banks are nationalised?

And are Building Societies likely to be affected and/or should we be dump all our money there?

(Edit - That should read "What happens if banks are nationalised & Building Society Q.]

Edited by james_tigerwoods on Tuesday 30th September 09:49

What building societies?

There aren't any left.

Gone, all gone.

Well not quite, but there are very very few that are actually still building societies.

Rubbish.

Nationwide and Skipton are the only two left that I've heard of.

[james_tigerwoods]

spikeyhead said:

V8mate said:

spikeyhead said:

james_tigerwoods said:

As per the title - Given the trend towards nationalising banks - where do we stand if the major banks are nationalised?

And are Building Societies likely to be affected and/or should we be dump all our money there?

(Edit - That should read "What happens if banks are nationalised & Building Society Q.]

Edited by james_tigerwoods on Tuesday 30th September 09:49

What building societies?

There aren't any left.

Gone, all gone.

Well not quite, but there are very very few that are actually still building societies.

Rubbish.

Nationwide and Skipton are the only two left that I've heard of.

I can think of loads - but they're all small.

I'm with Nationwide (I've got 6-7 accounts with them) and I'm glad that I vote each time to keep them as a society despite the promised huge payouts....

[Sheepy]

My mortgage is with the Newcastle, still a building society

[V8mate]

spikeyhead said:

V8mate said:

spikeyhead said:

james_tigerwoods said:

As per the title - Given the trend towards nationalising banks - where do we stand if the major banks are nationalised?

And are Building Societies likely to be affected and/or should we be dump all our money there?

(Edit - That should read "What happens if banks are nationalised & Building Society Q.]

Edited by james_tigerwoods on Tuesday 30th September 09:49

What building societies?

There aren't any left.

Gone, all gone.

Well not quite, but there are very very few that are actually still building societies.

Rubbish.

Nationwide and Skipton are the only two left that I've heard of.

Just as well the world doesn't end at the limits of your own knowledge then, eh?

Barnsley Building Society

Bath Investment & Building Society

Beverley Building Society

Britannia Building Society

Buckinghamshire Building Society

Cambridge Building Society

Catholic Building Society

Century Building Society

Chelsea Building Society

Chesham Building Society

Cheshire Building Society

Chorley & District Building Society

City of Derry Building Society

Coventry Building Society

Cumberland Building Society

Darlington Building Society

Derbyshire Building Society

Dudley Building Society

Dunfermline Building Society

Earl Shilton Building Society

Ecology Building Society

Furness Building Society

Hanley Economic Building Society

Harpenden Building Society

Hinckley and Rugby Building Society

Holmesdale Building Society

Ipswich Building Society

Kent Reliance Building Society

Leeds Building Society

Leek United Building Society

Loughborough Building Society

Manchester Building Society

Mansfield Building Society

Market Harborough Building Society

Marsden Building Society

Melton Mowbray Building Society

Monmouthshire Building Society

National Counties Building Society

Nationwide Building Society

Newbury Building Society

Newcastle Building Society

Norwich & Peterborough Building Society

Nottingham Building Society

Penrith Building Society

Principality Building Society

Progressive Building Society

Saffron Building Society

Scarborough Building Society

Scottish Building Society

Shepshed Building Society

Skipton Building Society

Stafford Railway Building Society

Stroud & Swindon Building Society

Swansea Building Society

Teachers' Building Society

Tipton & Coseley Building Society

Vernon Building Society

West Bromwich Building Society

Yorkshire Building Society

[scotal]

The Catholic is in the processof merging with the Chelsea.

[ninja-lewis]

And the Cheshire and Derbyshire societies are merging with Nationwide.