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Evening Standard
Evening Standard
Business
Simon English

Nationwide profits slip but new member benefits promised

Nationwide profits slipped by £200m to £2bn for the year to April it said today, one day after Virgin Money shareholders backed the £2.9bn takeover by the society.

That controversial deal, an unusual takeover of a listed bank by a building society has earnt fierce resistance from some members who have not been given a vote on the deal.

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