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Monday, May 18, 2009

WestBrom BS - the Baggies are feeling the pinch.


West Brom are down after losing to Liverpool at the weekend.

Now it's the turn of the building society, who are allegedly not so 'baggy' with their assets and are finding their financial cloth starting to pinch.

Less the 'Baggies' and more the 'Skinnies' then.

Frailties in the balance sheet of the West Bromwich Building Society has meant that rumours of FSA talks at a merger have been denied by the West Brom.

We will wait and see how things unfold at the building society which has a high percentage of Buy-to-Let mortgages on its allegedly fragile books.

So it up to landlords to keep their toxic debts clean and prevent then from bubbling over.

More on the squeeze at the Baggies BS.

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