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Evening Standard

Business

Simon English

Nationwide buying Virgin Money is an awful deal

Nationwide Virgin Money Virgin Debbie Crosbie Goldman Sachs

Nationwide Building Society, a prince of the financial world since 1884, today said it would spend £2.9 billion (billion!) of members cash on Virgin Money.

We can assume Nationwide boss Debbie Crosbie is not a customer of Virgin Money, or she’d know it is worth nothing like that. (I am one. Christ.)

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