Rescue package
Evening Chronicle (Newcastle, England), March 30, 2009
STRICKEN Dun- fermline Building Society has been saved from collapse in a rescue deal with the Nationwide Building Society.
Nationwide has bought core parts of the 140-year old institution, snapping up its retail and wholesale deposits, branches, head office and most of its residential mortgage book.
The deal will see around 530 of Dun-fermline's staff transferred over to Nationwide.
The Bank of England stressed it was "business as usual for all customers" and that all saver deposits were safe.
COPYRIGHT 2009 MGN Ltd.
COPYRIGHT 2009 Gale, Cengage Learning
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