Up late at night with your essay due tomorrow morning and you are out of ideas to write about? Don't worry, EssayZoom is here!
We have a database of over 40,000 essays that are available immediately for you to search and print. Get enough examples and ideas
from tens of thousands of other writers to make your own term paper stand out above the rest of the class. Join now
for instant access to the essays
Here is a short summary of the essay
|
Report On The Costs And Benefi
Beginning of Essay
REPORT ON THE COSTS & BENEFITS OF A BUILDING SOCIETY CONVERTING TO A PLC
At the beginning of this century there were more than 2000 building societies, fiercely independent mutual organisations, formed in the spirit of Victorian self help. There are now just 71. .... Middle of Essay
.... framework for the Building Society industry. The restrictions the Act impose include the following:
1) 75% of all lending has to be secured against residential property
This means that Building Societies are limited in their participation in the more risky, but more rewarding unsecured lending. At the moment, Societies can make unsecured personal loans up to a limit of £15,000 per customer, whereas there is no ceiling for Banks. Building Societies with less than £100m of assets are not permitted to make unsecured loans.
2) No more than 50% of funds may be raised on the wholesale markets
This limit was previously 40% b ....
| Membership Type |
Price |
Instant Access |
| 30 days (recurring) |
$19.95 |
| 90 days (recurring) |
$39.95 |
| 180 days (non-recurring) |
$69.95 |
|
|
|
Words: 2590 - Pages: 10
|
