Principality Building Society’s profit nearly halves as lower rates offset mortgage boost Banking Principality Building Society, the largest mutual lender in Wales, has seen its profit nearly cut in half as mortgage price wars and looming interest rate cuts dragged on its lending margins.
Virgin Money’s largest investor slams board for £2.9bn Nationwide deal Banking 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’s Virgin Money bid heralds new era for mutuals’ challenge to big banks Banking Nationwide, the world's largest building society, is gearing up for the UK's biggest banking tie-up since the financial crisis as it looks to finalise a £2.9bn takeover deal for high street rival Virgin Money in the coming weeks.
Leeds Building Society sees record number of new members as consumers snap up savings deals February 23, 2024 The building society's total savings balance reached a record of £20.8bn, a 19 per cent jump on its 2022 figure of £17.5 bn.