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The Latest Breaking News from Nationwide

Etsy CEO turns to sailing metaphor to rally troops after laying off 225 workers just before the holidays

Etsy, the online marketplace told 225 workers that they will be out of a job in the New Year. So its CEO attempted to water down the bad news with a sailing metaphor.

Fortune

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.

Fortune

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

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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

The Guardian - UK

UK Property Market Anticipates 1% Price Drop in 2024 Amidst Seller Competition and Mortgage Rate Stability

Rightmove foresees sellers having to adopt more competitive pricing strategies in 2024 to secure transactions.

International Business Times UK

Chiefs nominate QB Patrick Mahomes for the 2023 Walter Payton Man of the Year Award

USA Today Sports Media Group

Patriots CB nominated for Walter Payton NFL Man of the Year Award

Longtime Patriots CB Jonathan Jones gets recognized as a Walter Payton Man of the Year nominee.

USA Today Sports Media Group

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Ravens’ LB Roquan Smith nominated for Walter Payton Man of the Year Award

The Baltimore Ravens have nominated All-Pro linebacker Roquan Smith as the 2023 Walter Payton Man of the Year award nominee

USA Today Sports Media Group

Eagles’ OL Lane Johnson nominated for Walter Payton Man of the Year Award

Lane Johnson is Eagles nominee for Walter Payton Man of the Year Award

USA Today Sports Media Group

UK economy shows signs of steadying amid pause in interest rate rises

Modest fall in mortgage costs and rising manufacturer confidence fuel hopes that pressure is easing on consumers and companies

The Guardian - UK

FTSE 100 Live: Nationwide House Price Index up for third straight month, blue-chip shares close up 1%

Gold and bitcoin were in focus today as prices jumped in dealings linked to speculation over the outlook for US interest rate cuts.

Evening Standard

UK house prices rise for third straight month as mortgage rates fall

Nationwide says average property price was £258,557 in November, £5,231 down on same month last year

The Guardian - UK

UK house prices inch higher but ‘rapid rebound’ in property market unlikely

House prices inched up by 0.2% last month, compared with October, Nationwide revealed in its monthly House Price Index.

The Independent UK

UK house prices rise for third month; factory downturn eases – as it happened

Nationwide reports house prices only fell 2% in year to November, and rose during the month, as mortgage rates fall

The Guardian - UK

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The Independent UK

This year’s Black Friday ‘busiest shopping day on record’ – Nationwide

Nationwide members made 9.92 million purchases on Friday, which the bank said is equivalent to more than 114 transactions every second.

The Guardian - UK

Black Friday fails to rally UK shoppers as sales look sluggish

Fewer online purchases and less high street footfall reported in early trading but retailers remain hopeful as monthly payday looms

Evening Standard

Flying start for Black Friday as early purchases beat last two years, and London footfall set to rise

Visitor numbers to central London are forecast to be about 8% higher than last weekend

The Independent UK

Black Friday set to be ‘busiest ever’ as spending beats last year

Nationwide Building Society said that sales volumes on Friday show people have been making more purchases than this time last year.

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The Guardian - UK

UK mortgage arrears rise as borrowers feel squeeze, says Nationwide

Building society benefits from high interest rates, with half-year profits increasing to £1.3bn

Evening Standard

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

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

Nationwide becomes first lender to drop two year fixed mortgage rate below 5%

Other lenders are expected to follow suit as they compete to pick up business from scarce buyers

The Guardian - UK

New mortgage deal falls below 5% in ‘watershed moment’ for UK homeowners

Nationwide’s two-year fixed rate deal offered at 4.99% as lenders jostle for customers

Fortune

Who is responsible for AI? It isn't always the CEO

Regardless of the structure, many say policies and frameworks should be in place to make sure employees aren’t going rogue.

Fortune

Business leaders share their best practices when implementing AI

Leaders from companies like Intuit and Nationwide will share the playbook they follow to implement AI and how they do this responsibly.

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