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The Latest Breaking News from Nationwide

Nationwide suffers outage as users face delays 'moving money between accounts'

The bank have said they are “working to fix this ASAP”

Evening Standard

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

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Nationwide members must rise up and stop the ill-judged takeover of Virgin Money

City Comment: If Nationwide truly had confidence in the transaction, it should be sure it could persuade those members of the merits of the deal

Evening Standard

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

The Guardian - UK

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.

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So much for the challenge from ‘challenger’ banks

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

The Guardian - UK

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

Nationwide to buy Virgin Money in £2.9bn deal

Lenders reach preliminary agreement on key terms in deal to create new competitor with £366bn in assets

The Guardian - UK

UK house prices rise for first time in more than a year as mortgage costs drop

Average cost of a home increased to £260,420 in February, up by 1.2% on a year earlier, says Nationwide

The Guardian - UK

FTSE 100 Live 04 March: Aviva enters Lloyd’s market with £242 million buy of Probitas

The property market is in focus today after Nationwide reported the first rise in prices in over a year and Rightmove posted annual results.

Evening Standard

House prices rise for first time in over a year says Nationwide

Improved affordability of mortgages helps, but rates on mortgages are creeping higher into the Budget next week

Evening Standard

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The Guardian - UK

UK interest rate cut ‘remains some way off’ says Bank of England chief economist – as it happened

Huw Pill needs to see more compelling evidence that the underlying persistent component of UK CPI inflation is being squeezed

Evening Standard

Nationwide becomes the latest mortgage lender to up home loan costs

More ‘doom and gloom’ for borrowers ahead of Chancellor Jeremy Hunt’s budget next week

The Guardian - UK

Nationwide puts more than 300 people’s jobs at risk in latest cuts

Letter to staff from building society’s union says move will lead to about 125 job losses, taking cuts over past year to nearly 800

The Guardian - UK

Signs of UK housing market recovery as price falls ease

Price of average property decreased by 1.4% in 12 months to December, says ONS

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Evening Standard

‘Mixed messages’ in mortgage market as Nationwide ups rates while Santander cuts on same day

The latest changes come ahead of a big week for economic data, which should provide a clearer picture of the Bank of England’s interest rate plans

The Guardian - UK

Nationwide’s Dominic West ad prompts complaint from rival

Watchdog receives complaint, reportedly from Santander UK, that advert paints misleading picture of bank branch closures

Evening Standard

Nationwide raises mortgage prices on same day Bank of England holds interest rates

The country’s largest building society says it’ll increase rates by up to 0.3 percentage points on selected mortgage products

Evening Standard

Cheaper mortgage rates drive house price recovery to start 2024

Britain’s biggest building society said the average cost of a home in the UK rose to £257,656 this month

The Guardian - UK

UK house prices rise at strongest rate in a year

Though rapid rebound is unlikely, outlook for property market ‘is a little more positive’, says Nationwide

The Guardian - UK

UK house prices rise in January, Novo Nordisk obesity drug sales surge – as it happened

Nationwide says housing market looks ‘more positive’ as prices rise 0.7%; the Danish maker of Ozempic and Wegovy predicts further strong growth in 2024

The Guardian - UK

Nationwide intensifies mortgage price war with its lowest rates for 8 months

Building society announces best-buy deals starting at 3.84% while some rivals raise their rates

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