Building Societies in the Financial Services Industry

Authors: Casu, Barbara, Gall, Andrew

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eBook 46,00 €
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  • ISBN 978-1-137-60208-4
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Hardcover 57,19 €
price for Spain (gross)
  • ISBN 978-1-137-60207-7
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About this book

This book presents an analysis of the role of UK building societies, their strengths and weaknesses, and their contribution to the industry, at a time where public confidence in banking is low. Chapters present the results of an empirical analysis of the comparative performance of UK building societies, since the large-scale demutualisation process ended in the year 2000. The authors highlight the substantial impact of the financial crisis on the sector, with 2008 and 2009 being particularly difficult years.  The book discusses banks and building societies in the context of the improving economy and show that both groups have recovered some profitability, although not at the pre-crisis level. The reader will discover that building societies in particular have recovered well from the financial turmoil and they appear less risky than banks on a variety of measures.  

About the authors

Barbara Casu is the Director of the Centre for Banking Research at Cass Business School, City University London, where she is Professor of Banking. Her research interests are in the areas of banking, financial regulation, corporate governance and industrial organisation. Barbara has published over 30 papers in international peer reviewed journals, including the Review of Economics and Statistics and the Journal of Money, Credit and Banking.

Andrew Gall is the Economist at the Building Societies Association, the trade body for all UK building societies.   

Reviews

“In the interests of effective competition and systemic stability, there is a public policy interest in supporting diversity in ownership structures and business models in the financial services industry.  This timely book offers an admirable and well-analysed redress to the dominance in the finance literature of the shareholder value model in finance by analysing in a coherent way the role of mutual building societies in the economy. The authors are eminently qualified analysts who offer an excellent and clear analysis of the role of building societies in the context of on-going structural change in the British financial system.” (David T Llewellyn, Professor of Money & Banking, Loughborough University)

“Thriving markets and ecosystems share characteristics of strong competition and great diversity.  The banking sector is no different.  This study helps deepen our understanding of how the building societies responded to the 2008 financial crisis, and why they are a vital part of the UK’s broader banking sector in the 21st century.” (Robin Fieth, Chief Executive, Building Societies Association)

Table of contents (5 chapters)

Table of contents (5 chapters)

Buy this book

eBook 46,00 €
price for Spain (gross)
  • ISBN 978-1-137-60208-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 57,19 €
price for Spain (gross)
  • ISBN 978-1-137-60207-7
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Building Societies in the Financial Services Industry
Authors
Copyright
2016
Publisher
Palgrave Macmillan UK
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-60208-4
DOI
10.1057/978-1-137-60208-4
Hardcover ISBN
978-1-137-60207-7
Edition Number
1
Number of Pages
XIX, 101
Number of Illustrations
35 b/w illustrations
Topics