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Nationwide swoops on battered rivals

telegraph.co.uk
06-Sep-2008
        
Story Timeline:  86 days

By Mark Kleinman Nationwide, one of Britain's biggest mortgage lenders, is in advanced talks to merge with the Derbyshire Building Society in a move expected to kick-start consolidation of the £350bn industry, The Sunday Telegraph has learned. Nationwide, which is the country's largest building society by far, is also in talks to merge with another smaller rival. Its board, led by Graham Beale, the chief... [read full story]                    

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Latest article on this story:

Nationwide Building to Take Over Rivals

 wsj.com 09-Sep-2008
First article on this story:

Nationwide in merger talks

 itn.co.uk 07-Sep-2008
Selected publications with coverage of this story:
reuters.com inthenews.co.uk chron.com thisismoney.co.uk channel4.com marketwatch.com moldova.org startribune.com telegraph.co.uk itn.co.uk cnn.com 24plusnews.com
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Nationwide absorbs mortgage lending rivals

theglobeandmail.com
09-Sep-2008
        

The Nationwide Building Society, Britain's second-largest mortgage lender, said yesterday it is taking over two smaller rivals that had sought shelter from the fallout of the global credit crunch. Nationwide said it will...

                   

Nationwide will cut jobs at Derbyshire and Cheshire building societies

telegraph.co.uk
08-Sep-2008
        

Nearly one million members and 1,450 staff at two of the UK's top eleven building societies, the Derbyshire and the Cheshire, were left reeling at the news that their institutions were being merged with the Nationwide...

Derbyshire Building Society admits to facing uncertain future

timesonline.co.uk
08-Sep-2008
        

Derbyshire Building Society, the mutual rescued yesterday by Nationwide, was wrong-footed by bad bets in the money markets, hamstrung by a botched IT system and facing the consequences of a poorly timed £1.4 billion foray...

BSA welcomes Nationwide mergers

housefund.co.uk
08-Sep-2008
        

Commenting on the announcement that the Derbyshire and Cheshire Building Societies are to merge with the Nationwide Building Society, Adrian Coles, Director-General of the Building Societies Association, said: “The BSA...

                   

No windfalls at Derbyshire and Cheshire

ft.com
08-Sep-2008
        

Savers and borrowers with the building societies are missing out on the cash windfalls of up to a few hundred pounds that have traditionally accompanied society mergers but borrowers will benefit from Nationwide's lower...

Nationwide to take over two smaller rivals

moldova.org
08-Sep-2008
        

Nationwide in Britain said Monday it would take over two smaller building societies, both of them struggling with credit losses.Nationwide confirmed it would purchase Derbyshire, which has $12.5 billion in assets, but...

Nationwide merger: More society mergers expected

guardian.co.uk
08-Sep-2008
        

More small building societies are likely to be taken over as market conditions continue to put pressure on the sector, commentators said today. This morning the UK's largest society, Nationwide, confirmed it was stepping...

Two societies merge with Nationwide

gazettelive.co.uk
08-Sep-2008
        

Two building societies have announced mergers with the Nationwide after turning to the mortgage giant for shelter from financial difficulties. The Cheshire and Derbyshire building societies racked up losses in the first...

Two societies merge with Nationwide

icnetwork.co.uk
08-Sep-2008
        

Two building societies have announced mergers with the Nationwide after turning to the mortgage giant for shelter from financial difficulties. The Cheshire and Derbyshire building societies racked up losses in the first...

UK & World News: Two societies merge with Nationwide

icnetwork.co.uk
08-Sep-2008
        

Two building societies have announced mergers with the Nationwide after turning to the mortgage giant for shelter from financial difficulties. The Cheshire and Derbyshire building societies racked up losses in the first...

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