Another bite of the windfall apple

Article Abstract:

There seem to be poor long-term prospects for UK building societies which abandoned mutual status. They have been losing large numbers of customers, with Halifax, for example, seeing its share of the mortgage market, in terms of net lending, decline to 6%, from 11%. Savers are shifting their money to the new savings banks, deterred by the low interest rates being offered by former building societies. Building societies which have retained mutual status have attracted many new savers and borrowers.

Savings & Loan Assns, Savings Institutions, Savings and loan associations

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NatWest stakes its future on independence

Article Abstract:

NatWest does not plan to sell NatWest Markets and aims to retain its independence, the group has stated. NatWest Markets has suffered a derivatives trading loss and lost its chief executive. There have been leaks of merger talks with Prudential and Abbey National. NatWest UK, which is involved in Commercial and retail banking, has performed well, helping to boost profit for NatWest as a whole, despite a drop in profit at NatWest Markets.

Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Investment banks, NatWest UK

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Developing the habit of getting things right

Article Abstract:

The life and career of Matt Barrett, the chief executive of Barclays Bank since 1999, are examined in detail. He has been trying to help the British bank improve customer confidence.

United Kingdom, Biography, Executives, Barclays Bank PLC (Abu Dhabi), Barrett, Matt

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