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The Latest Breaking News from Virgin Money

Nationwide admits it faces ‘challenges’ in years-long Virgin Money merger

The building society defended the £2.9 billion takeover to members during its annual general meeting on Wednesday.

The Independent UK

HSBC, Virgin Money and Nationwide customers hit by banking glitches on pay day

Customers have been unable to access their accounts online to make payments

The Independent UK

Increasing prices have prompted pocket money pay rises, survey finds

Virgin Money said 54% of parents who give pocket money to their children have increased the amount because of rising costs.

The Independent UK

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Virgin Money profits edge up ahead of Nationwide deal

Nationwide members to the competition watchdog in bid to stop deal

Evening Standard

Nationwide faces competition inquiry over Virgin Money deal

Nationwide Building Society’s controversial £2.9 billion takeover of Virgin Money hit a potentially serious hiccup today when the Competition and Markets Authority launched a probe into the deal.

Evening Standard

Watchdog launches investigation into Nationwide’s Virgin Money takeover

The CMA said it is considering whether the deal could ‘result in a substantial lessening of competition’ within the UK market.

The Independent UK

3 simple tips to help you feel more confident about discussing money with friends

Nearly two-fifths of people think we’re better at talking about money now than five years ago, according to new research.

The Independent UK

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Eurozone inflation jumps to 2.6%; UK house prices rebound; US PCE index lifts rate cut hopes – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Co-op bank brand may disappear within years in Coventry Building Society deal

New owner leaves door open to dropping ethical bank’s name after £780m agreement that will create lender with 5m customers

The Guardian - UK

Nationwide offers £100 cash gift to members after £2bn profit bonanza

Nationwide decided in March this year to buy rival lender Virgin Money for around £2.9 billion

The Independent UK

Nationwide profits slip but new member benefits promised

Nationwide profits slipped by £200m to £2bn for the year to April it said today, one day after Virgin Money shareholders backed the £2.9bn takeover by the society.

Evening Standard

Virgin Money shareholders vote for Nationwide takeover by big majority

The deal won approval of 89% of voting shareholders, lining up Richard Branson for a £724m windfall from sale

The Guardian - UK

‘Free money’ and 10% interest: carrots UK banks are dangling to get you to switch

Better deals are on offer in the battle to tempt new current account customers. But, be warned, there are a few strings attached

The Guardian - UK

Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to 2000 levels

Branson took a $126 million hit to his fortune last year as he continued to fight several fires at his Virgin Group.

Fortune

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Evening Standard

Nationwide's £2.9bn deal for Virgin Money must be stopped — members should sign up

City Voices: Give Nationwide Members a say on the purchase of Virgin Money

Evening Standard

Court case could disrupt Nationwide's takeover of Virgin Money — let's hope it does

City Comment: Virgin Money shareholders get a vote, why don’t Nationwide members?

Evening Standard

Campaign against Nationwide takeover of Virgin Money puts pressure on board

Society denies ignoring members, but says a vote is not possible

Evening Standard

Nationwide's takeover of Virgin Money could be a disaster for the building society

City Comment: I hope I am wrong about this deal

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The Guardian - UK

Nationwide members deserve a vote on Virgin deal – but won’t get one

With the £2.9bn acquisition having big sway over its future, owners should have a say, but democractic governance is blocked

The Guardian - UK

Nationwide agrees £2.9bn deal to take over Virgin Money

Richard Branson has already indicated he will back takeover that will require the agreement of the group’s shareholders

The Guardian - UK

Nationwide faces mounting calls to give members say on Virgin Money takeover

Experts question if ‘bigger is better’ and whether members should be consulted on the £2.9bn deal

The Guardian - UK

Virgin Money bosses in line for £6m if Nationwide takeover goes ahead

Chief executive David Duffy would be biggest winner on £3.5m, with large paydays for about 12 other staff if deal goes through

Top News

Nationwide's .7B Virgin Money Bid Challenges UK Big Banks

Nationwide's .7 billion bid for Virgin Money reshapes UK banking landscape, challenging big banks.

The Guardian - UK

So much for the challenge from ‘challenger’ banks

The uncomfortable truth is that size remains an enormous advantage in retail banking

Evening Standard

Nationwide buying Virgin Money is an awful deal

City Comment: Claims that this deal will boost mutuality are hollow

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