Building society

A building society is a financial institution owned by its members as a mutual organisation. Building societies offer banking and related financial services, especially savings and mortgage lending. These institutions are found in the United Kingdom (UK) and several other countries.

The term "building society" first arose in the 18th century in Great Britain from cooperative savings groups. In the UK today, building societies actively compete with banks for most consumer banking services, especially mortgage lending and savings accounts.

Every building society in the UK is a member of the Building Societies Association. At the start of 2008, there were 59 building societies in the UK, with total assets exceeding £360 billion. The number of societies in the UK fell by four during 2008 due to a series of mergers brought about, to a large extent, by the consequences of the financial crisis of 2007-2010. With three further mergers in each of 2009 and 2010, and a demutualisation and a merger in 2011, there are now 45 building societies.

Society

A society is a group of people involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations. Societies are characterized by patterns of relationships (social relations) between individuals who share a distinctive culture and institutions; a given society may be described as the sum total of such relationships among its constituent members. In the social sciences, a larger society often evinces stratification or dominance patterns in subgroups.

Insofar as it is collaborative, a society can enable its members to benefit in ways that would not otherwise be possible on an individual basis; both individual and social (common) benefits can thus be distinguished, or in many cases found to overlap.

A society can also consist of like-minded people governed by their own norms and values within a dominant, larger society. This is sometimes referred to as a subculture, a term used extensively within criminology.

Society (disambiguation)

Society is a grouping of individuals which are united by a network of social relations, traditions and may have distinctive culture and institutions.

Society may also refer to:

See also

Society (play)

Society was an 1865 comedy drama by Thomas William Robertson regarded as a milestone in Victorian drama because of its realism in sets, costume, acting and dialogue. Unusually for that time, Robertson both wrote and directed the play, and his innovative writing and stage direction inspired George Bernard Shaw and W. S. Gilbert.

Origins

The play originally ran at the Prince of Wales's Theatre, Liverpool, under the management of Mr A. Henderson, opening on 8 May 1865. It was recommended to Effie Wilton, the manager of the Prince of Wales's Theatre in London's West End, by H. J. Byron, where it ran from 11 November 1865 to 4 May 1866 Robertson found fame with his new comedy, which included a scene that fictionalized the Fun gang, who frequented the Arundel Club, the Savage Club, and especially Evans's café, where they had a table in competition with the Punch 'Round table'. The play marked the London debut of Squire Bancroft, who went on to marry Effie Wilton in 1867 and become her co-manager.