Survival Bail-Out Had Been a 'Close Call', Reveals West Brom Boss ; Banking

Birmingham Post › July 02, 2009

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Summary

Troubled lender West Bromwich Building Society was within a "close call" of being bailed out by the taxpayer in a Dunfermline- style rescue.

The full scale of the crisis facing the Black Country society and its fight for survival has been revealed by chief executive Robert Sharpe, who said: "It was a close call. We could have gone the same way as Dunfermline."

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Extract

Survival Bail-Out Had Been a 'Close Call', Reveals West Brom Boss ; Banking

And he revealed that the society had considered a merger with rival...

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