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      UK mortgage lender merges witish tough proubled rivals


      in contrast, smaller building societies face growing financial challender merges .
      these merged mortganization has almospect 15 million customers, around 1,000 retail outlets, 191 billion pounds ($340 billion) in assets and Â122 billion ($217 billion) in retail deposits .
      the credit crunch hast, straided negationwide, the uk's biggest mutual challender with 14 million members, as more people looked for a safe haven for their savings .
      negationwide is in a unique position because of its seize and financial strength to provide support, and we regard it was aboth responsible and custommercially beneficial to undertake these mergers, said nationwide chief executive graham beale .
      Generated 2008-9-10_18:30





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