| Table of Contents: | | | | GEOGRAPHIC REGIONS : EUR, WE, United Kingdom, United States | | | | TOPICS : economy, industry, banking, consumer, debt, finance, property, welfare | | | | SIGNIFICANCE : There is a popular perception in the United Kingdom and the United States that savings banks ('building societies' or 'thrifts') will emerge relatively unscathed from the financial crisis, because most have little or no exposure to the most problematic asset-backed securities. However, the sector still faces huge challenges in both countries, due to collapsing housing price |
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