What's the difference between a bank and a building society?
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Answer:
Banks are normally listed on the stock market - the shareholders are owners of the banks and therefore have voting rights. Building societies are mutual institutions , they have no external shareholders - account holders, mortgage borrowers are members and vote on issues that affect the society.
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Other answers
One is required by the government to take out insurance on your deposits so you are never at risk of losing your deposits. The other isn't.
John W
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