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Govt prepares £60m bailout of Dunfermline BS

The Government is preparing an emergency £60m bailout of Scotland’s largest building society Dunfermline in a bid to prevent a run on the mutual.

According to reports in the national press, Dunfermline is believed to be in trouble as a result of heavy losses on its commercial property and residential loan books.

The FSA is though to have attempted to prompt a number of mutuals including Nationwide and Yorkshire to take over Dunfermline but no deal has yet been brokered.


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