Credit crunch could delay sale of Nationwide
The sale of the Irish Nationwide Building Society (INBS) could be delayed if its board feels it could achieve a higher price when the credit crunch has passed.
The sale of the Irish Nationwide Building Society (INBS) could be delayed if its board feels it could achieve a higher price when the credit crunch has passed.
The board is believed to be unhappy that potential buyers - which are reported to include Icelandic banks Landsbanki and Kaupthing - have cited the extreme volatility in the capital markets and the fall in the value of banking stocks as reasons to reduce the price they...
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