By Barbara Casu, Andrew Gall
This e-book offers an research of the position of united kingdom construction societies, their strengths and weaknesses, and their contribution to the undefined, at a time the place public self assurance in banking is low. Chapters current the result of an empirical research of the comparative functionality of united kingdom development societies, because the large-scale demutualisation strategy led to the 12 months 2000. The authors spotlight the giant impression of the monetary challenge at the zone, with 2008 and 2009 being really tricky years. The booklet discusses banks and construction societies within the context of the enhancing economic system and exhibit that either teams have recovered a few profitability, even supposing now not on the pre-crisis point. The reader will detect that construction societies particularly have recovered good from the monetary turmoil and so they seem much less dicy than banks on numerous measures.
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Extra resources for Building Societies in the Financial Services Industry
The number of ATMs at bank branches has increased substantially as banks have been automating not only cash withdrawal functions but also pay-in services (often dramatically reducing the number of cashiers). ATMs have also increased in remote locations, such as in retail outlets. The decrease in branch numbers has been a trend even in the building society sector, although the reduction has not been as marked: branch numbers fell from 2,139 in 2000 to 1,943 in 2007 to just over 1,600 by the end of 2014.
Banking business. An Abstract of Banking Statistics, 29. British Bankers’ Association (2014) Banking Business. An Abstract of Banking Statistics, volume 31. British Bankers’ Association. (2013). Banking business. An Abstract of Banking Statistics, 30. HM Treasury. (2012). The future of building societies. HM Treasury, July. kpmg. com/content/dam/kpmg/pdf/2016/01/building-societies-database-2015. pdf. Molyneux P. (2016) Banking in the UK in Beck T. and Casu B. ) The Handbook of European Banking, Chapter 20, Palgrave McMillan.
The origins of building societies have been described in detail in several previous studies (Cleary 1965; Boleat 1981). However, this history remains relevant to the building societies operating today as it informs their ethos, and some still operate with their original charters in place. This is not to say that building societies are an historical artefact. No sector that survives for 250 years can stay fixed to its original structures and constitution. Indeed, one of the previous surveys of the sector noted how over two centuries “building societies have been faced with a wide variety © The Editor(s) (if applicable) and The Author(s) 2016 B.
Building Societies in the Financial Services Industry by Barbara Casu, Andrew Gall