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The Coventry Building Society is a building society based in Coventry, England. It is the second largest in the United Kingdom with total assets of more than £62 billion at 31 December 2023. [2] It is a member of the Building Societies Association. The society has over 1.6 million saver-members and a further 460,000 borrower-members. [3]
A variable-rate CD — also called a flex CD — is a type of certificate of deposit with an interest rate that can fluctuate periodically over the term of the CD based on market conditions.
In finance, permanent interest bearing shares (PIBS) are fixed-interest securities issued by building societies. PIBS become perpetual subordinated bonds if their issuer demutualises. Building societies use them in the way public limited companies use preference shares. Although similar to bonds, PIBS typically exist as long as their issuer ...
Coventry Building Society: 1884 Coventry, England, UK: 62 [21] 2,700 89 Yorkshire Building Society (also own Chelsea Building Society, Norwich and Peterborough Building Society, Accord Mortgages and Egg) 1864 Bradford, West Yorkshire, England: 39.6 3,300 231 Skipton Building Society: 1853 Skipton, England: 17.5 1,772 98 Leeds Building Society ...
Coventry Building Society has agreed a potential takeover of rival high street lender The Co-operative Bank for up to £780 million, the companies have announced.
David Thorburn is a Scottish-born banker who is the chairman of the board at the Coventry Building Society. His earlier roles in British banking include the position of chief executive at Clydesdale Bank and Yorkshire Bank, subsidiaries of the National Australia Bank.
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