Nationwide Building Society acquires Virgin Money UK in a £2.9bn deal, forming one of the UK's largest banks.
Nationwide Building Society agrees to buy Virgin Money UK in a £2.9bn deal, creating one of Britain's largest banks. The combined group will control total assets of over £366bn and total lending and advances of almost £284bn, representing the second-largest provider of mortgages and savings in the UK. Nationwide remains a building society with an expanded suite of products and services, and greater scale and financial strength.
March 07, 2024
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