Takeover bids, millionaire CEOs and angry members: Building societies are looking a lot like the big banks Banking Runaway profits, big-ticket acquisitions and bumper executive pay rises, Britain's building societies are starting to look a lot like banks.
Profit falls at Yorkshire Building Society but lender has record demand for savings products Banking A number of lenders have been the beneficiaries of poor savings rates on offer at the high street banks and Yorkshire Building Society reported that a record 693,000 savings accounts were opened last year, up from 537,000 in 2022.