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Report On The Costs And Benefi
Beginning of paper
REPORT ON THE COSTS & BENEFITS OF A BUILDING SOCIETY CONVERTING TO A PLC
At the beginning of this century there were more than 2000 building societies, fiercely independent mutual organisations, formed in the spirit of Victorian self help. There are now just 71. Some of these that have disappeared were terminating societies with a fixe .... Middle of paper
.... property
This means that Building Societies are limited in their participation in the more risky, but more rewarding unsecured lending. At the moment, Societies can make unsecured personal loans up to a limit of £15,000 per customer, whereas there is no ceiling for Banks. Building Societies with less than £100m of assets are not permitted to make unsecured loans.
2) No more than 50% of funds may be raised on the wholesal ....
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Number of words: 2590
Number of pages: 10 (approx. 250 words per double-spaced page)
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