Summary
SOMETHING IN THE CITY CHELSEA TRANSFER Ive got savings with the Catholic Building Society, and Ive just been told its going to be merged into the Chelsea Building Society. Congratulations. At some stage in the distant future, you should get a cheque as a sort of bonus for agreeing to be taken over. Dont get over-excited though it will only be for a few hundred pounds and it could take several months.
Why are they doing a deal? Catholic, 57th out of Britains 59 building societies, was too small to carry on alone. With its single branch in Londons Victoria, fewer than a dozen staff, 4151 members and just [pounds]44 million of assets, we are talking tiny.See the full content of this document
Extract
Something in the City ; Chelsea Transfer
So, small is beautiful?
Up to a poin...See the full content of this document
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