Nationwide called out over ‘sneaky’ tactics in £2.9bn Virgin Money deal Banking A senior figure in the House of Lords has accused Nationwide of using "sneaky" tactics in its £2.9bn bid to buy Virgin Money.
Takeover bids, millionaire CEOs and angry members: Building societies are looking a lot like the big banks Banking Runaway profits, big-ticket acquisitions and bumper executive pay rises, Britain's building societies are starting to look a lot like banks.
Nationwide and Virgin Money face mounting opposition to £2.9bn merger Banking Nationwide's bid to acquire high-street rival Virgin Money is facing mounting opposition from members and analysts ahead of a shareholder vote.
Richard Branson loses more than £2.5bn after the value of Virgin Orbit and Virgin Galactic collapses April 16, 2024 Heavy investment in risky ventures using financial vehicles called SPACs during the pandemic seems to be to blame.
How Sir Richard Branson’s Virgin Group makes money and what it’s worth today March 21, 2024 City A.M. has taken a look at what Virgin Group still owns and what companies pay to use the brand's name.
Richard Branson ‘set for £650m payout’ from potential Nationwide takeover of Virgin Money March 10, 2024 Sir Richard Branson is set to receive upwards of £650m from a potential takeover of his challenger bank Virgin Money by Nationwide, it has been estimated.
Dame Jayne-Anne Gadhia on open banking, account closures and sexism in the City March 4, 2024 Former Virgin Money CEO and Snoop founder Dame Jayne-Anne Gadhia speaks to City A.M. about the open banking revolution, "debanking" and sexism in the City.