Summary
West Bromwich Building Society has refused to deny speculation that Treasury advisers were on standby for a Government-backed rescue following the alleged failure of merger talks with its counterpart in Coventry.
The Black Country society issued a terse statement distancing itself from weekend reports that a Dunfermline Building Society- style state-endorsed salvage operation was planned for the West Bromwich.See the full content of this document
Extract
WBBS coy on Treasury rescue talk
Reports claimed that the West Bromwich was close to breaching regulatory capital requirements, with auditors yet to sign off the group...
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