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Will this be a cash windfall for Cov BS members?
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"What it means for members
Bringing together the Society and The Co-operative Bank will support:
A stronger mutual building society, that will carry on delivering competitive savings and mortgages, and keeping your money safe.
More investment in delivering an outstanding service in our branches, telephone, online and mobile services.
A larger UK branch network providing choice, access, and reassurance to more people.
A broader set of products and services, like current accounts, to meet more of your needs.
The creation of a larger, values-driven organisation centred on meeting the needs of members and customers and making a positive impact on wider society."
oh dear what short memories we all have. We are referring to the conversion of building societies ( mutuals) into banks. This led to some distribution of assets to the punter ( not more than £500). The 500 knicker was recovered within two or three years by raised fees.
It took two or three years for the Brits to learn what they had done to themselves ( think Brexit)
OK dont think Brexit
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