If you believe Stephen Hester, chief executive of Royal Bank of Scotland, the next government could be in a position to start selling its 84% stake in 2011
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Savers withdrew more money from building societies in June than at any other time since records began, leaving mutuals with a £2.2 billion outflow over the month, according to figures published by the Building Societies Association (BSA) ... more
The trade body representing UK building societies said it was "disappointed and surprised" after a leading ratings agency downgraded nine of its members amid fears of rising bad debts... more
Economy: More than a million new building society accounts were opened last year as savers continued to shift their money away from banks following the collapse of Northern Rock... more
Savers have been hit by a cataclysmic drop in interest rates since the autumn with returns on some accounts plummeting 90 per cent in three months... more
A tale of two personal finance consumers emerged today as those who can afford to save banked their cash at the fastest rate in six years while those who cannot are heaping more and more on their credit cards... more
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