Nationwide banks £2.3bn gain from Virgin Money takeover as profit tumbles Banking Nationwide has bagged a £2.3bn gain from its acquisition of Virgin Money, setting up a windfall for members of Britain’s biggest building society.
Nationwide completes Virgin Money takeover to create high street banking titan Banking Nationwide has completed its £2.9bn takeover of Virgin Money in the UK's biggest banking merger since the financial crisis amid increasing consolidation among mid-sized lenders.
Nationwide to complete £2.9bn takeover of Virgin Money after FCA and PRA approval Banking Nationwide is to complete its £2.9bn takeover of rival Virgin Money next month after the deal was given the green light by the UK’s financial regulators. The banks said in statement issued to the London Stock Exchange that the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) have both approved [...]
Lloyds Bank and Nationwide hit by online issues as Microsoft reports outage September 2, 2024 Lloyds Bank and Nationwide have apologised to customers for issues affecting their online services amid a report from Microsoft about a fresh outage that affected its public cloud computing platform.
Virgin Money lending dips in run-up to Nationwide takeover August 2, 2024 Virgin Money's lending to customers dropped by one per cent last quarter as the group prepares to be taken over by Nationwide imminently.
Nationwide’s £2.9bn swoop on Virgin Money gets go-ahead from CMA July 19, 2024 A tie-up between Nationwide and Virgin Money has got the greenlight from the competition watchdog today, paving the way for the £2.9bn deal to close in the final quarter of this year.
Virgin Money warns of margin and cost pressures as Nationwide merger looms June 13, 2024 Virgin Money has posted a rise in profit but warned of margin pressure and limited cost savings, as it gears up for a mega-merger with Nationwide.
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.
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.