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The Latest Breaking News from Virgin Money

Why Nationwide is sending every one of its customers £50

Nationwide says the payments are a ‘thank you’ to customers

The Independent UK

‘Nice to wake up to’: Nationwide to hand customers £50 each

More than 12 million members to share £600m-plus windfall related to takeover of Virgin Money

The Guardian - UK

Nationwide Building Society's £50 Easter Gift: Who Qualifies And How Virgin Money Fits In

Nationwide is continuing its commitment to returning value to its members with a new round of payments, building on previous successful initiatives.

International Business Times UK

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Nationwide £50 bonus: eligibility and payment details revealed

Nationwide has announced a £50 bonus for customers, following its takeover of Virgin Money. Discover who qualifies for the bonus and when payments will be made

Evening Standard

Nationwide giving £50 free cash to more than 12 million customers

More than 12 million Nationwide customers will receive a £50 cash payment as a “thank you” following the purchase of Virgin Money.

The National (Scotland)

Nationwide hands out £50 'thank you' to 12 million savers and borrowers

The distribution will cost the building society £600 million

Evening Standard

Nationwide hands £50 ‘thank you’ to 12m customers after Virgin Money buyout

The building society said the move, which will cost about £600 million, is to thank customers after the banking megadeal last year.

Evening Standard

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Nationwide gives 12.3 million customers an early Easter gift of £50

Payments will land in members’ bank accounts between 9 April and 14 May

The Independent UK

Virgin Money chatbot tells off customer who typed word 'virgin'

The bank's chatbot told the customer: "Please don't use words like that."

Fortune

Virgin Money Forced to Apologize After Chatbot Threatens to Cut Off Bank Customers Who Use the Word 'Virgin'

Financial services company Virgin Money was forced to apologize after its AI-powered chatbot threatened to cut off bank customers who use the word "virgin."

Latin Times

Royal Mail takeover and Carlsberg’s swoop on Britvic in year of mega deals

UK equities have been firmly in the crosshair of foreign suitors and private equity buyout specialists throughout 2024.

Evening Standard

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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The Independent UK

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

Mortgage rates hiked by major lenders despite fall in base rate

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

Evening Standard

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.

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.

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The Independent UK

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 Guardian - 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

Evening Standard

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

The Guardian - UK

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 Independent 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.

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