Dunfermline buyer will be announced

Mar 30 2009

A buyer for the ailing Dunfermline Building Society is expected to be announced.

The lender, the latest casualty of the economic crisis, is to be broken up and sold after racking up millions of pounds in losses.

The Treasury has rejected calls to bail out Scotland's largest building society, with Chancellor Alistair Darling saying a long-term arrangement must be sought.