TITLE

Government cash aid is heavily in favour of banks

PUB. DATE
May 2009
SOURCE
Money Marketing;5/28/2009, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the statement given by Nationwide Building Society that they would have to pay 65% more than Lloyds Banking Group PLC to access Great Britain's credit guarantee scheme. Nationwide chairman and Business Societies Association (BSA) chairman Graham Beale encouraged authorities to make a level playing field for banks and building societies. Beale stated that Government schemes to aid financial institutions were immensely expensive for building societies.
ACCESSION #
41894788

 

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