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The Abbey National Building Society was formed in 1944 by the merger of the Abbey Road and the National building societies. It was the first building society in the United Kingdom to demutualise , doing so in July 1989.
Bradford & Bingley plc was a British bank with headquarters in the West Yorkshire town of Bingley.. The bank was formed in December 2000 by demutualisation of the Bradford & Bingley Building Society following a vote of the building society's members, who swapped their nominal share of the building society for at least 250 shares of the newly formed bank.
The National & Provincial Building Society was a mutual building society based in Bradford, England. It was established in 1982 by a merger between the Provincial Building Society and the Burnley Building Society. On 5 August 1996, Abbey National took over the National & Provincial. [1]
The Abbey National was the first society to demutualise in July 1989. In the 1980s, changes to British banking laws allowed building societies to offer banking services equivalent to normal banks. The management of a number of societies still felt that they were unable to compete with the banks, and a new Building Societies Act was passed in ...
Swiss National Bank and the Federal administration of Switzerland: Bank $ 5.92 × 10 ^ 10 [40] October 22, 2008: Barnsley Building Society: Yorkshire Building Society: Building society £ 376,000,000 [41] October 24, 2008: National City Bank, Cleveland, Ohio: PNC Financial Services, Pittsburgh, Pennsylvania: Bank $ 5.58 × 10 ^ 9 [42] October ...
Abbey National — was a financial services company (banking, and investment) that operated from 1944 to 2010. It was initially a building society and later also an estate agent. Its headquarters was in London. Also known as Abbey, it was formed by the merger of the Abbey Road Building Society with the National Building Society.
However, the independent mutuals were gradually coming under pressure from the large quoted financial companies. In September 1991 the Abbey National made an offer of £285 for Scottish Mutual. This met with some resistance from policy holders but the chairman warned members that cost and regulation pressures were making it harder for society ...
Lloyds TSB continued to take part in the consolidation, making a takeover bid for Abbey National in 2001, which was later rejected by the Competition Commission. [17] In October 2003, Lloyds TSB Group agreed on the sale of its subsidiary NBNZ Holdings Limited —comprising the Group's New Zealand banking and insurance operations—to Australia ...