UK building societies could be targeted for consolidation
Monday 25 October 2010
The american private-equity investor JC Flowers could extend its drive into British banking. Having effectively taken over the Kent Reliance Building Society, Flowers is reported as a potential partner for the West Bromwich, Skipton, Norwich & Peterborough and Principality societies, which would create a large, hybrid financial group modelled on France's Crédit Agricole.
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