Banking and Insurance

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Building societies and first-time buyers

There is innovation within the sector, but change is needed to address the current challenges, says…

UK building societies buck market to provide mortgage growth

Several mutuals have introduced 'new and innovative ways to support people into homeownership', says sector body…

New Zealand’s Co-op Bank grows annual profit to more than $20m

'We have seen strong growth in home loan customers, and we are proud to have helped…

Co-op Bank returns to mutual ownership as Coventry BS signs deal

'We’re building on our shared heritage and creating a stronger mutual business '

MPs approve law change to level playing field for building societies

The news was welcomed by sector body BSA, which says it will give mortgage customers more…

Mutual share of the total insurance market is at an eight-year high

The largest insurance market in terms of mutual/co-operative market share is Finland (61%)

Nationwide plan to buy Virgin Money divides analysts and members

The £2.9bn deal would mark an expansion for the UK mutuals sector – but some of…

National Coop Bank highlights $384m support for low-income communities

Support went to credit unions and co-ops active in sectors such as housing, health, food and…

Coventry Building Society agrees terms for takeover of Co-op Bank

If approved by members and regulators, the move would make Coventry the UK's third-biggest lender

Co-op Bank of Kenya tops customer satisfaction survey

The bank is one of the largest financial institutions in the region

Co-operators sets up $1m employability scheme for Canada’s Indigenous youth

The initiative is part of a three-year reconciliation strategy at the co-op

Embezzlement crisis in Nepal’s co-ops sparks protests in the streets

Protests have been called off after ministers agreed to take action to improve regulation of the…