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Article: DBS debacle stuns Scots finance
- Article from:
- The Sunday Herald
- Article date:
- March 29, 2009
- Author:
CopyrightCopyright 2009 The Sunday Herald. Provided by ProQuest LLC. (Hide copyright information)
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SCOTTISH business leaders were last night reeling from the
addition of Dunfermline Building Society to the long list of
Scottish finance's abysmal year of woes. While not of the same
magnitude as the demise of HBOS or RBS, the Fife-based society has
played a significant part in Scotland's financial and civic life as
the country's largest building society.
David Lonsdale, deputy director of CBI Scotland, said: "It's a
bit of a shock and we are looking for clarity for the sake of
depositors and for the staff. Obviously this is another severe knock
to Scottish financial services but, at the end of the day, the
sector will have to pick itself up and move ahead."
However, despite the sudden onset ...