Nationwide books £2.3bn gain from Virgin Money takeover

Nov 27, 2024 · Nationwide, the UK’s largest building society, recorded a £2.3bn gain from its purchase last month of listed lender Virgin Money, as it posted a drop in first-half profits.

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Nationwide Books £2.3bn Gain From Virgin Money Takeover

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Nov 27, 2024 · Nationwide, the UK’s largest building society, recorded a £2.3bn gain from its purchase last month of listed lender Virgin Money, as it posted a drop in first-half profits.

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Britain's Nationwide Books Surprisingly Big $3 Billion Gain On …

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Nov 27, 2024 · Nationwide Building Society said on Wednesday it would realise a bigger-than-expected gain of 2.3 billion pounds ($2.9 billion)from its acquisition of rival Virgin Money, …

reuters.com

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Nationwide’s £2.9bn Purchase Of Virgin Money Approved

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Sep 6, 2024 · The Financial Conduct Authority and the Prudential Regulation Authority have approved Nationwide’s cash acquisition of Virgin Money.

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Nationwide Completes Takeover Of Virgin Money In Major Bank Tie …

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Oct 1, 2024 · Nationwide has completed its £2.9 billion takeover of Virgin Money, bringing together two of Britain’s largest banking groups.Virgin Money’s shares have been cancelled …

yahoo.com

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Q&A On Nationwide's £2.9bn Virgin Money Deal: What It Means …

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Mar 7, 2024 · Nationwide Building Society has surprised everyone with a proposed £2.9 billion takeover of smaller rival Virgin Money. This will make Nationwide a big playerer in the …

mirror.co.uk

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Nationwide Completes Takeover Of Virgin Money In Major Bank Tie …

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Oct 1, 2024 · Nationwide has completed its £2.9 billion takeover of Virgin Money, bringing together two of Britain’s largest banking groups. Virgin Money’s shares have been cancelled …

independent.co.uk

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Nationwide's £2.9bn Takeover Of Virgin Money Gets Green Light

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Sep 6, 2024 · The regulators have said the Virgin Money-Nationwide deal could go ahead. Nationwide is to complete its £2.9bn takeover of rival Virgin Money next month after the deal …

cityam.com

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Nationwide Agrees To Buy Virgin Money For £2.9bn - Financial Times

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Mar 7, 2024 · Nationwide Building Society has reached a preliminary agreement to buy Virgin Money for £2.9bn, in a deal that would create a more powerful challenger to the UK’s biggest …

ft.com

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Nationwide Agrees Terms For £2.9bn Takeover Of Virgin Money

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Mar 7, 2024 · Virgin Money shares rose 36% at the market open, reflecting the scale of the offer. The bank was formerly the Clydesdale and Yorkshire bank group and rebranded after a …

sky.com

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Nationwide To Complete £2.9bn Virgin Money Takeover Next Month

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Sep 6, 2024 · Nationwide’s £2.9 billion takeover of rival Virgin Money is expected to complete next month after the deal was given the green light by the UK’s financial regulators.

independent.co.uk

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Coventry Building Society COMPLETES £89bn Takeover Of Co …

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The Nationwide-Virgin Money deal stands as the UK's biggest banking merger since the financial crisis. Nationwide has reported strong early results from the acquisition, gaining £2.3bn since …

msn.com

FAQs about Nationwide books £2.3bn gain from Virgin Money takeover Coupon?

Will nationwide take over Virgin Money?

Nationwide Building Society has surprised everyone with a proposed £2.9 billion takeover of smaller rival Virgin Money. This will make Nationwide a big playerer in the mortgage and savings market. Let's look at why this deal might happen and what it means for people who use banks. - What does this mean for UK banking? ...

Does nationwide's 'branch promise' apply to Virgin Money?

Nationwide's 'Branch Promise' will now also apply to Virgin Money. Nationwide has promised to retain a branch wherever it already has one until the start of 2028. This now includes Virgin Money's 91 branches – however, if Virgin Money has already approved branch closures, these will still go ahead as planned. ...

Will nationwide buy Virgin Money for £2.9bn?

Nationwide Building Society has reached a preliminary agreement to buy Virgin Money for £2.9bn, in a deal that would create a more powerful challenger to the UK’s biggest banks. The acquisition would allow Nationwide to move into business banking after an aborted attempt during the pandemic and also expand its share of the mortgage market. ...

Will national takeover of Virgin Money be a 'building society'?

Nationwide has completed its takeover of Virgin Money, meaning the bank's savers and borrowers could become members of the building society in future. The Virgin Money brand will also be phased out eventually – though there's NO change for new or existing customers of either brand for now. ...

Why did national gain £2.3bn from Virgin Money acquisition?

Nationwide, the UK’s largest building society, recorded a £2.3bn gain from its purchase last month of listed lender Virgin Money, as it posted a drop in first-half profits. In annual results published on Wednesday, the mutual said the value of net assets acquired in its £2.8bn acquisition had been “well above the price we paid”. ...

Can I use Virgin Money branches for nationwide transactions?

Although you will not be able to use Virgin Money branches for Nationwide transactions now, over time we expect to broaden the range of services we offer. You will benefit from the Virgin Money expertise in personal lending and credit cards, as well as business banking and accounts for clubs and societies. ...