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Alliance & Leicester plc was a British bank and former building society, formed by the merger in 1985 of the Alliance Building Society and the Leicester Building Society. The business demutualised in the middle of 1997, when it was floated on the London Stock Exchange. It was listed in the FTSE 250 Index, and had been listed in the FTSE 100 ...
However, he began training as an accountant at Thomson McLintock, now part of KPMG. Thomson McLintock's biggest client was Leicester Building Society (which merged with Alliance in 1987 to form Alliance & Leicester and then acquired by Santander in 2010) and gave Beale an insight into mutuals. He said, "My time at Leicester was quite influential.
A building society is a financial institution owned by its members as a mutual organization, which offers banking and related financial services, especially savings and mortgage lending. They exist in the United Kingdom, Australia and New Zealand, and formerly in Ireland and several Commonwealth countries, including South Africa as mutual banks ...
Santander UK plc ( UK: / ˌsæntənˈdɛər, - tæn -/, US: / ˌsɑːntɑːnˈdɛər /) [ 3] is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance. Santander UK is one of the leading personal financial services ...
The difficulties stemmed largely from the commercial loans of the Britannia Building Society, acquired in the 2009 merger. [6] Sutherland restructured, by intending to sell the life insurance business to Royal London releasing about £200m in capital, and planning to dispose of its other insurance business. [4]
The Alliance and Leicester Group Union of Staff ( ALGUS) was a trade union representing employees of the Alliance and Leicester Building Society in the United Kingdom . The Leicester Permanent Building Society Staff Association was certified as an independent trade union in 1979, at which time it had around 1,000 members.
The personal banking business of Girobank became part of the Alliance & Leicester Building Society. The Business Banking arm continued to use the Girobank name as a wholly owned subsidiary of the Alliance and Leicester, repositioned as a cash handler and credit card processor for retailers and other banks.
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