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nationwide

  • Nationwide urges members to back tripling of chief’s maximum bonus

    June 14, 2024

    Nationwide is urging members to vote in favour of tripling of its boss' maximum long-term bonus as the building society looks to bring her remuneration opportunity more in line with its high street rivals.

  • Competition watchdog launches Nationwide-Virgin Money £2.9bn merger probe

    May 31, 2024

    The watchdog told markets this morning that the merger notice met criteria laid out in the enterprise act.

  • Nationwide CEO: No plans for more big acquisitions after £2.9bn Virgin Money deal

    May 23, 2024

    The chief executive of Nationwide has said the lender is not considering any more big-ticket acquisitions, with Britain's largest building society already busy enough finalising its £2.9bn takeover of Virgin Money.

  • Nationwide customers to enjoy £385m account windfall after bumper year

    May 23, 2024

    Nationwide plans to pay around £385m directly into customers' accounts as Britain's largest building society continues to enjoy bumper earnings on the back of higher interest rates.

  • Virgin Money shareholders approve £2.9bn Nationwide takeover despite analyst warnings

    May 22, 2024

    Virgin Money shareholders have given the green light for the bank to be acquired by Nationwide for £2.9bn, paving the way for the UK's biggest banking merger since the financial crisis.

  • Outgoing Virgin Money boss set for bumper payday despite bank’s plunge in value

    May 19, 2024

    David Duffy stands to have made up to £30m from his tenure as chief executive of Virgin Money by the time he retires from the role after six years following the bank's takeover by Nationwide.

  • Competition watchdog: Nationwide PPI failures were due to how ‘systems were set up’

    May 16, 2024

    The competition regulator has written to Nationwide after it was revealed it provided incorrect information to payment protection insurance customers

  • Virgin Money faces potential shareholder revolt over £2.9bn Nationwide deal

    May 14, 2024

    Virgin Money shareholders could be getting a better deal as part of the £2.9bn takeover bid from Nationwide, analysts have said ahead of a vote on the offer next week.

  • Virgin Money’s largest investor slams board for £2.9bn Nationwide deal

    May 12, 2024

    Virgin Money's largest independent investor has slammed the bank's board for accepting a bid from Nationwide, saying it is "likely to sell shareholders very short".

  • Nationwide called out over ‘sneaky’ tactics in £2.9bn Virgin Money deal

    May 6, 2024

    A senior figure in the House of Lords has accused Nationwide of using "sneaky" tactics in its £2.9bn bid to buy Virgin Money.

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