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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.
Mouat's older brother, also called Alexander (1914-1990) became a scientific librarian, and in retirement led a campaign against the Abbey National Building Society's plans to become a public company. [5] Alexander collapsed and died after addressing the annual meeting of Abbey National on 10 April 1990.
Using the slogan "The Vote, The Float", [4] the Abbey National board overcame fierce opposition from some members and won approval with 90% of the vote; the society floated in 1989, becoming the Abbey bank. This was the first building society to make the move but it kicked off a general move which transformed British financial services. [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 ...
A statue of Sherlock Holmes by the sculptor John Doubleday stands near the supposed site of 221B Baker Street, the fictional detective's address in London.Unveiled on 23 September 1999, the sculpture was funded by the Abbey National building society, whose headquarters were on the purported site of the famous address.
Abbey National Building Society v Cann [1990] UKHL 3 is an English land law case concerning the right of a person with an equitable interest in a home to remain in actual occupation, if a bank has a charge and is seeking repossession. A controversial decision, it held that "actual occupation" entails some degree of permanence, and that if ...
The Abbey Theatre (Irish: Amharclann na Mainistreach), also known as the National Theatre of Ireland (Irish: Amharclann Náisiúnta na hÉireann), in Dublin, Ireland, is one of the country's leading cultural institutions. First opening to the public on 27 December 1904, and moved from its original building after a fire in 1951, it has remained ...
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 to compete. Approval was given at an extraordinary general meeting in the November. [7]