The Independent - London, October 1st, 1995
MILLIONS of savers and borrowers with the Alliance & Leicester are set to become the latest lucky beneficiaries of the shakeout among building societies. The society is planning to announce its conversion into a bank later this year, the Independent revealed last week. The switch could lead to an average windfall of pounds 590 for the vast majority of the society's nearly 4 million customers.
The move, which the Alliance & Leicester would not officially confirm, would be the latest in a series of structural changes among societies, which have proved highly lucrative for customers. Already thi...
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