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Mutual building societies must be supported if we want to offer choice to consumers.
It began life as a mutual building society before being floated on the stock exchange in 1997.
In Britain much of that network was stripped away by consolidation among savings banks and mutual building societies, and their conversion into joint-stock companies.
Officials planned to move out of the crumbling old City Hall building and into the Washington Mutual building, but it soon became clear that the city did not have the money for the move.
In 1933, he was a director of the West Side Mutual Building, Loan & Saving Assoc., a small bank on W. 34th St. & when most of its officers had gone under in the depression, he was asked to become its president.
After what will probably be his last set of results, Beale took the opportunity to look back at the way the market has changed since the 1990s, and in particular lamented the demise of much of the mutual building society network.
Similar(53)
Relations between the Manhasset co-op board and Liberty Mutual, the building's insurer, which became rocky shortly after the fire, reached an impasse in late November.
But the government is keen to encourage the mutual model: building societies are owned by their members, unlike stockmarket-listed banks, which are controlled by shareholders.
We're hoping that people across the country will take this chance to move their money to more local and fair banks – co-operative and mutual banks, building societies and credit unions.
MOSCOW — Prime Minister Benjamin Netanyahu of Israel, under intense pressure from the United States to settle a diplomatic dispute over Jewish settlements, called Secretary of State Hillary Rodham Clinton late Thursday to propose what he called a package of "mutual confidence building" steps to be taken by Israelis and Palestinians to help restart peace negotiations.
"If Sri Lanka responds positively by ceasing armed hostilities against our forces and takes steps to implement the Norwegian proposal of mutual confidence building measures, the L.T.T.E. will be prepared to extend the period of peace to create cordial conditions for a stable cease-fire and direct negotiations," the group said in a statement.
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