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Carpetbagger fightback

Carpetbaggers are planning their fightback following a series of blows from pro-mutual Portman Building Society.

The internet site co-ordinating the demutualisation attack says it may lodge a complaint to the Building Societies Commission against the society.

The move follows Portman&#39s scuppering of demutualisation resolutions and the ousting of carpetbagger ringleader Richard Yendall.

Portman is continuing to refuse help to demutualisation campaigners or give any reason for its actions.

Yendall says: “The Portman directors seem to be afraid to hear the members&#39 views on this issue and stand accused of protecting their own positions at the expense of members&#39 best interests.”


Bank dials up mobile phone option

Ulster Bank is launching a new banking service via web-enabled mobile phones. The NatWest subsidiary is hoping to be the first to offer the service using Wireless Application Protocol which allows internet access via mobile phones allowing customers to check their balances and conduct a transaction search at any time.The move follows the Woolwich who […]

Halifax predicts house boom

The millennium will see house prices outstripping retail inflation, according to the Halifax.The bank is forecasting house price inflation of 8 per cent during 2000, driven by the prices remaining “affordable”.It also expects Bank of England base rates to rise from 5.5 per cent to 6.5 per cent by the end of 2000.Halifax head of […]

BoS attack RBS talks

Bank of Scotland is attacking rival Natwest takeover bidder Royal Bank of Scotland by questioning the BoS links with insurer CGU.BoS chief executive Peter Burt is putting a series of questions to RBS on its relationship with CGU in a statement to the London Stock Exchange.The move by the insurer to buy a stake in […]

Barclays latest to ditch endowments

Endowment mortgages are suffering a further blow with Barclays became the latest lender to pull the plug on selling the controversial policies.Barclays is saying it sold its last endowment on December 30 following a 70 per cent decline in applications over the previous six months.The move swells the ranks of providers who have axed endowments […]


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