Friday, 8 May 2009

Nationwide takes over Dunfermline

The Nationwide is to buy the Dunfermline Building Society's branches, good loans and deposits, it has been confirmed.
The Treasury will take on about £1.5bn of commercial property lending and acquired mortgage debt under the deal.

The agreement with the Nationwide was struck less than 48 hours after the UK Government announced that the building society was to be put on the market.

www.guardian.co.uk/business/2009/mar/31/dunfermline-takeover-nationwide

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