Delighted with deposits


Newcastle Building Society in the UK is one of very few financial institutions to benefit from the downturn. In August 2008, the society launched its intermediary services arm as a separate entity, creating Newcastle Intermediary Services to sell products to the retail market. Part of this offering includes structured deposits, which are covered by the Financial Services Compensation Scheme (FSCS) for up to £50,000 per investor. In the aftermath of the Lehman Brothers bankruptcy, being able to o

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