bsoc:building_societies

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bsoc:building_societies [2026/05/29 15:56] – Dave Darbybsoc:building_societies [2026/05/29 15:57] (current) – Dave Darby
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 Building societies are mutual institutions offering savings accounts and mortgages, and occasionally current accounts. This is all they provide. They are simple beasts compared to banks, and their mutual nature means that they are owned by their members, and are not listed on stock exchanges and owned by shareholders. Building societies are mutual institutions offering savings accounts and mortgages, and occasionally current accounts. This is all they provide. They are simple beasts compared to banks, and their mutual nature means that they are owned by their members, and are not listed on stock exchanges and owned by shareholders.
  
-They’re similar to [co-operatives](/coop/co-operatives), but, from [[Wikipedia]][[http://example.com|External Link]]: ‘unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship.’+They’re similar to [co-operatives](/coop/co-operatives), but, from Wikipedia: ‘unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship.’
  
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  • bsoc/building_societies.txt
  • Last modified: 2026/05/29 15:57
  • by Dave Darby