Britannia Building Society exposed to credit crunch
Britannia, the second largest mutual lender after Nationwide, is exposed to the credit squeeze because its subsidiary, Platform, relies on capital markets for much of the money it lends.Consequently, borrowers and savers with Britannia could see the value of their yearly member reward (the mutual’s equivalent of a dividend) decline next year as a consequence [...]
Britannia Building Society exposed to credit crunch
