News
HBS members give SBS merger thumbs up
Wednesday 1st of September 2010
Some 98% voted in favour of the proposal, and the building society will be folded into the bigger SBS. The deal is expected to be completed in early October, and will see HBS members become members of SBS. The merged entity will have some $2.8 billion worth of assets on its books.
HBS chairman Frank Spencer said the reality for non-bank deposit takers is that they face onerous rules from...
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