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Financial Institutions and Markets – Halifax Group Plc
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- Words:
- 3231
- Submitted:
- Thu Jul 11 2002
... Financial Institutions and Markets - Halifax Group Plc For this report, my chosen financial institution is Halifax. I will report the general developments of the institution, analyse the environmental and competitive factors that have influenced the recent developments and examines the ways in which the institution has developed specific products and services to meet the requirements of its customers. 1. General History Halifax was initially known as The Halifax Permanent Benefit Building and Investment Society. Founded in West Yorkshire Halifax in 1835, it was one of the early permanent societies. During the first year of the society's existence, it decided to open branches that would change its future. By 1913 Halifax had become the biggest building society in the UK and in 1928, the merger between Halifax permanent and the Halifax Equitable (then the second largest building society in the country) produced the Halifax Building Society, five times larger than its nearest rival
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