Bidding farewell to mutuality

The EBS’s latest results have set the scene for radical changes under which the building society will shed its mutual status and be sold

25th September, 2010

It’s not easy being chief executive of an organisation whose ownership is set to change hands twice in the space of a few months.

But EBS chief executive Fergus Murphy has lots of other challenges to worry about.

He can at least console himself that he will have no control over the forthcoming sale of the building society, scheduled to take place before the end of the year. Instead, it will fall to...

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