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The Latest Breaking News from Virgin Money

Coventry Building Society’s £780m Co-op Bank takeover to go through in January

The tie-up, announced in May, will create a banking giant with millions of customers and about £89 billion worth of assets.

Evening Standard

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

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

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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

Major lenders hike some mortgage rates despite fall in base rate

The changing outlook for interest rates and rises in swap rates which are used to price home loans have had an impact, some experts said.

Evening Standard

Mortgage rates hiked by major lenders despite fall in base rate

HSBC UK said it is increasing fixed-rate mortgages this week

The Independent UK

How much could you get back from your bank if you were tricked by a scammer?

Some account providers have said they will waive an optional excess of up to £100 on reimbursements and go beyond the new rules.

The Independent UK

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Nationwide to complete £2.9bn Virgin Money takeover next month

The lenders have received approval from the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority.

The Independent UK

Monzo rated as Britain’s top bank in survey of 36,000 people

The Competition and Markets Authority has published the findings of its latest survey.

The Independent UK

What can I do about my mortgage now the base rate has been cut?

It was good news for homebuyers as interest rates finally went down. But it has raised a lot of tricky questions for them

The Guardian - UK

Virgin Money has already spent £10m on Nationwide takeover fees

Advisory costs are expected to be “significantly higher” later in the year

Evening Standard

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

Nationwide gets green light for £2.9bn takeover of Virgin Money

Regulator the CMA finds deal will not substantially affect competition for mortgages and credit cards

The Guardian - UK

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

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The Independent UK

HSBC, Virgin Money and Nationwide customers hit by banking glitches on pay day

Customers have been unable to access their accounts online to make payments

The Independent UK

Increasing prices have prompted pocket money pay rises, survey finds

Virgin Money said 54% of parents who give pocket money to their children have increased the amount because of rising costs.

Evening Standard

Virgin Money profits edge up ahead of Nationwide deal

Nationwide members to the competition watchdog in bid to stop deal

Evening Standard

Nationwide faces competition inquiry over Virgin Money deal

Nationwide Building Society’s controversial £2.9 billion takeover of Virgin Money hit a potentially serious hiccup today when the Competition and Markets Authority launched a probe into the deal.

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The Independent UK

Watchdog launches investigation into Nationwide’s Virgin Money takeover

The CMA said it is considering whether the deal could ‘result in a substantial lessening of competition’ within the UK market.

The Independent UK

3 simple tips to help you feel more confident about discussing money with friends

Nearly two-fifths of people think we’re better at talking about money now than five years ago, according to new research.

The Guardian - UK

Eurozone inflation jumps to 2.6%; UK house prices rebound; US PCE index lifts rate cut hopes – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Co-op bank brand may disappear within years in Coventry Building Society deal

New owner leaves door open to dropping ethical bank’s name after £780m agreement that will create lender with 5m customers

The Independent UK

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

Evening Standard

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.

The Guardian - UK

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

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