uk, said building societies
and smaller banks challenging the big ones for business "continue to show their support to savers".
It is one of only three remaining mutual building societies
in Wales and the only one with its headquarters in South-West Wales.
Its Building Societies
Database, which tracks the financial performance of the mutual sector, saw healthy results for most building societies
, which are now well-placed to benefit from an upturn in the economy and increasing demand for mortgages.
Stephen Williams, head of the building societies
practice at Deloitte in West Yorkshire, said the current climate showed that building societies
- with their proud heritage and strong links to local communities - had a crucial role to play in the future of UK financial services.
Yorkshire, the UK's second largest building society, believes that building societies
and similar mutual organisations make a crucial contribution to the competition and diversity of the retail financial services market.
A number of other mutuals have reportedly been lined up as possible buyers, with the Coventry and Yorkshire building societies
said to have been in the frame.
Bradford & Bingley completed a merger in 1964 to become one of the UK's largest building societies
The flight to building societies
looks set to accelerate as more people look to find their cash a home they can trust.
FURTHER consolidation of building societies
is "almost inevitable" in the current market conditions, an industry analyst said yesterday.
are turning away savers trying to deposit bags of change -because it is too time-consuming for staff.
The banks don't seem to do nearly as much for their customers as the building societies
, so we will definitely be staying put.
Terminating building societies
appear like phantoms in the history of the Canadian financial system.
Yorkshire Building Society is one of the largest building societies
with 131 branches and 75 agencies across the UK.
The consumer group's team of researchers posed as new customers to ask 13 banks and building societies
some basic questions about how the Financial Services Compensation Scheme (FSCS) works.
BANKING AND CREDIT NEWS-July 5, 2013--Nottingham and Shepshed Building Societies
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