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The Latest Breaking News from Debbie Crosbie

Nationwide’s £2.3bn takeover gain prompts criticism of Virgin Money bosses

Analysts claim bosses at target bank decided to ‘take the money and run’ after Virgin assets valued at £5.1bn

The Guardian - UK

Nationwide gains £2.3bn from Virgin Money takeover to ‘benefit’ customers

The building society said the value of Virgin Money, which it acquired in October, was well above the £2.8 billion takeover price.

The Independent UK

Bumper win for top female banker as Nationwide seals £2.9bn takeover of Virgin Money

The building society completed its £2.9bn takeover of Virgin Money in October, making it the UK’s second largest mortgage and savings provider

The Independent UK

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First-time buyers can borrow six times income under major lender’s shake-up

Nationwide Building Society is also cutting rates and increasing the maximum amount that people can potentially borrow from Tuesday.

The Independent UK

Nationwide's new sub-4% mortgage deal is part of a pattern

City Comment: Nationwide is supposed to be better value over 20 years, not 20 minutes

Evening Standard

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

Nationwide seeks power to triple executive bonuses

Nationwide’s 16 million members left in the cold on society decision making

Evening Standard

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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 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

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

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

City Comment: I hope I am wrong about this deal

Evening Standard

Nationwide buying Virgin Money is an awful deal

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

Evening Standard

Nationwide swoops on Virgin Money in controversial £2.9 billion deal

Deal lands £414m windfall to Richard Branson’s Virgin Group

Evening Standard

And so to bed: Your gift of a good night’s sleep for 500 children

Your generosity ensures that hundreds of disadvantaged youngsters will have their own bed to sleep in this Christmas for the first time – as you raise £90,000 in less than two weeks

The Independent UK

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Fortune

A major credit union CEO just ripped up her predecessor's ‘work from anywhere’ policy

Two years after being told they’d never be “be forced to return to an office”, Nationwide’s 13,000-strong workforce have been slapped with an RTO mandate.

The Guardian - UK

Nationwide Building Society puts 470 staff on redundancy notice

Cuts mainly at HQ, retail and mortgage divisions come days after ‘return to the office’ policy emerged

The Guardian - UK

Nationwide rescinds ‘work anywhere’ policy and tells staff to come to office

Exclusive: building society overturns previous CEO’s policy, with employees asked to come in for 40% of their contract from January

Evening Standard

Nationwide is a much-needed two fingers to the big banks… despite those awful ads

City Comment: We’ll forgive them Dominic West, as long as they really are what they need to be

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Evening Standard

OPINION - Dear Nationwide: Don’t go changing to try and please us

The City joke goes like this. You can be absolutely certain what a bank with spare capital will do next. The only question is: up which wall.

Evening Standard

Five questions for Nationwide chief executive Debbie Crosbie

Is a treasured building society losing its way?

The Independent UK

Boost for British high street as Nationwide rebrands and pledges to keep branches open

Britain’s biggest building society says it’s determined to keep supporting customers in person just as banks shut physical outlets

The Independent UK

Nationwide extends promise not to leave towns without a local branch until at least 2026

Company, which is owned by its 16 million customers, says it has invested £46m in keeping its network open

The Independent UK

Big banks offering ‘measly’ savings rates to loyal customers, say MPs

The Treasury Committee found that a ‘loyalty penalty’ was especially prominent for elderly and vulnerable customers.

Evening Standard

Nationwide to pay £340m to customers: Who’s eligible and how much will they get?

The payout will benefit Nationwide’s 3.4 million eligible customers

Evening Standard

Nationwide to hand back £100 to 3.4 million members

NATIONWIDE today unveiled plans to return £340 million direct to members as new chief executive Debbie Crosbie pledged her commitment to the mutual status that has seen the group thrive.

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