Tag: Nationwide Building Society

July 22, 2024 BY Robert Bell

Virgin Money Takeover Given the All-Clear

At £2.9bn (5.6bn AUD), this is set to be the biggest merger to take place in the British banking industry since the financial crisis. The CMA was initially worried that the deal - agreed in March this year - could lower the level of competition in the UK banking sector. However, the CMA confirmed on…

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July 01, 2024 BY Robert Bell

Major Banks Suffer Online Banking Outages

The outage occurred on a date commonly used as a payday for many British workers. Many turned to social media sites like X to complain that they couldn’t access their bank accounts or make transactions on any device. For some customers, this was the second time in two months they’ve been left locked out of…

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March 12, 2024 BY Robert Bell

Nationwide agrees deal to take over Virgin Money

The offer of 220p per VMUK share represents 38% added to the company’s price on the open market on the day of the offer. It has also been suggested that a 2p dividend per share will be added to that figure. The expanded firm will be the second-largest mortgage provider in the UK, and also…

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