Tuesday, January 27, 2009

Co-Operative Financial Services and Britannia Building Society to merge



This article in the Independent reports that Co-Operative Financial Services and Britannia Building Society are to merge. I don't know whether this will get them more customers or not but, if it does, that is a good thing. I think that it is important as many alternatives to the PLC or private company form of organisation exist as possible. Nationalising the banks and an expansion of building societies would be good in terms of creating a financial system which is unlikely to make the same mistakes that it did in the past.

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