March 2015 – Peter Hill the chief executive of Leeds Building Society apologised to members at the AGM for failing to notify them when changes were made to savings accounts. He was awarded a bonus of 60%. Yorkshire Post Report
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March 2015 – Following a review by Rothschild Bank on behalf of unspecified lenders, but including “Your” Nationwide Building Society (as reported in January), Manchester Building Society is suing previous auditors Grant Thornton for £49m. Manchester Evening News Report 2015 But Manchester BS said all was well and don’t panic in 2014! Manchester Building Society Share Issuance…
March 2015 – Comparethemarket.com reported last year that a number of building societies were ripping off their members by charging a fee if they obtain their home insurance through another provider. Comparethemarket.com reports that this bad practice is still rife even now.
March 2015 – Profits may have doubled at Nationwide Building Society but Graham Beale has to do more to reach his target for the year, which is a £3,000,000 pay packet. So savers must suffer yet again at this rather average performing building society. Interest rates for members who have been with this society for no less…
February 2015 – Profits at “Your” Nationwide Building Society doubled as members chase interest paying bank current accounts while their poor savings account interest rates continue to tumble even further. “Your” Nationwide Building Society chief executive, Graham Beale, said “As a mutual, we are firmly committed to meeting the needs of our members and our performance…
January 2015 – A Financial Conduct Authority report on the savings market identified some of the worst bank and building society ruses. The FCA investigation into the savings market this week found that one in four savers were being ripped-off thanks to banks and building societies paying less than 0.5pc interest. The Telegraph tells you how…
January 2015 – The Telegraph reports that banks and building societies deprive millions of savers of almost a billion pounds in annual returns by paying less than the ‘minimum’ threshold for interest rates in Britain,. The Financial Conduct Authority study finds that one in four savers is ripped-off by banks and building societies paying less than…
January 2015 – Rothschild Bank has been hired by lenders, that helped to get Manchester Building Society out of trouble two years ago, to conduct a review of its finances. “Your” Nationwide Building Society, the main backer, is seeking the review as Manchester Building Society continues to have financial problems despite the loans. Sunday Times Report…
January 2015 – West Bromwich Building Society is accused of ripping off landlords with tracker mortgages by increasing their rates by two percentage points without warning. Daily Mail Report
Nationwide Building Society November 2014 – Recent Nationwide Building Society publicity, in support of previous claims, states “We’re proud to support the Living Wage Foundation”. “As the country’s biggest building society, we wanted to take a leading role in the campaign. It just feels like the right thing to for us to do.” The living wage…