Nationwide’s £2.3bn takeover gain prompts criticism of Virgin Money bosses Analysts claim bosses at target bank decided to ‘take the money and run’ after Virgin assets valued at £5.1bn The Guardian - UK · Nov 27, 2024
Nationwide gains £2.3bn from Virgin Money takeover to ‘benefit’ customers The building society said the value of Virgin Money, which it acquired in October, was well above the £2.8 billion takeover price. The Independent UK · Nov 27, 2024
Bumper win for top female banker as Nationwide seals £2.9bn takeover of Virgin Money The building society completed its £2.9bn takeover of Virgin Money in October, making it the UK’s second largest mortgage and savings provider The Independent UK · Nov 27, 2024
First-time buyers can borrow six times income under major lender’s shake-up Nationwide Building Society is also cutting rates and increasing the maximum amount that people can potentially borrow from Tuesday. The Independent UK · Sep 23, 2024
Nationwide's new sub-4% mortgage deal is part of a pattern City Comment: Nationwide is supposed to be better value over 20 years, not 20 minutes Evening Standard · Jul 25, 2024
Nationwide admits it faces ‘challenges’ in years-long Virgin Money merger The building society defended the £2.9 billion takeover to members during its annual general meeting on Wednesday. The Independent UK · Jul 17, 2024
Nationwide seeks power to triple executive bonuses Nationwide’s 16 million members left in the cold on society decision making Evening Standard · Jul 17, 2024
Virgin Money profits edge up ahead of Nationwide deal Nationwide members to the competition watchdog in bid to stop deal Evening Standard · Jun 13, 2024
Nationwide offers £100 cash gift to members after £2bn profit bonanza Nationwide decided in March this year to buy rival lender Virgin Money for around £2.9 billion The Independent UK · May 23, 2024
Virgin Money shareholders vote for Nationwide takeover by big majority The deal won approval of 89% of voting shareholders, lining up Richard Branson for a £724m windfall from sale The Guardian - UK · May 22, 2024
Nationwide's takeover of Virgin Money could be a disaster for the building society City Comment: I hope I am wrong about this deal Evening Standard · Mar 26, 2024
Nationwide buying Virgin Money is an awful deal City Comment: Claims that this deal will boost mutuality are hollow Evening Standard · Mar 7, 2024
Nationwide swoops on Virgin Money in controversial £2.9 billion deal Deal lands £414m windfall to Richard Branson’s Virgin Group Evening Standard · Mar 7, 2024
And so to bed: Your gift of a good night’s sleep for 500 children Your generosity ensures that hundreds of disadvantaged youngsters will have their own bed to sleep in this Christmas for the first time – as you raise £90,000 in less than two weeks The Independent UK · Dec 19, 2023
Fortune · Dec 9, 2023 A major credit union CEO just ripped up her predecessor's ‘work from anywhere’ policy Two years after being told they’d never be “be forced to return to an office”, Nationwide’s 13,000-strong workforce have been slapped with an RTO mandate.
The Guardian - UK · Dec 8, 2023 Nationwide Building Society puts 470 staff on redundancy notice Cuts mainly at HQ, retail and mortgage divisions come days after ‘return to the office’ policy emerged
The Guardian - UK · Dec 6, 2023 Nationwide rescinds ‘work anywhere’ policy and tells staff to come to office Exclusive: building society overturns previous CEO’s policy, with employees asked to come in for 40% of their contract from January
Evening Standard · Nov 17, 2023 Nationwide is a much-needed two fingers to the big banks… despite those awful ads City Comment: We’ll forgive them Dominic West, as long as they really are what they need to be
Evening Standard · Nov 16, 2023 OPINION - Dear Nationwide: Don’t go changing to try and please us The City joke goes like this. You can be absolutely certain what a bank with spare capital will do next. The only question is: up which wall.
Evening Standard · Oct 26, 2023 Five questions for Nationwide chief executive Debbie Crosbie Is a treasured building society losing its way?
The Independent UK · Oct 7, 2023 Boost for British high street as Nationwide rebrands and pledges to keep branches open Britain’s biggest building society says it’s determined to keep supporting customers in person just as banks shut physical outlets
The Independent UK · Jun 21, 2023 Nationwide extends promise not to leave towns without a local branch until at least 2026 Company, which is owned by its 16 million customers, says it has invested £46m in keeping its network open
The Independent UK · Jun 8, 2023 Big banks offering ‘measly’ savings rates to loyal customers, say MPs The Treasury Committee found that a ‘loyalty penalty’ was especially prominent for elderly and vulnerable customers.
Evening Standard · May 19, 2023 Nationwide to pay £340m to customers: Who’s eligible and how much will they get? The payout will benefit Nationwide’s 3.4 million eligible customers
Evening Standard · May 19, 2023 Nationwide to hand back £100 to 3.4 million members NATIONWIDE today unveiled plans to return £340 million direct to members as new chief executive Debbie Crosbie pledged her commitment to the mutual status that has seen the group thrive.