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HISTORICAL FACTS: 17 - Caught on Camera

Nationwide gets green light for £2.9bn takeover of Virgin Money

Regulator the CMA finds deal will not substantially affect competition for mortgages and credit cards

The Guardian - UK

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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London house prices up 1.6% but first-time buyers struggle to afford high mortgage rates

Mortgage rates are still hovering around 5%, leaving buyers struggling to pass mortgage affordability checks

Evening Standard

UK house prices still unaffordable for many people, says Nationwide

High mortgage interest rates and soaring bills hitting affordability despite wages rising above inflation

The Guardian - UK

The no-deposit mortgage that lets tenants buy the home they live in … with a gift from the landlord

Under a ‘concessionary purchase’, property owners can agree a cut-price sale to incumbent renters to save costs

The Guardian - 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

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Nationwide cites inflation for sudden pet coverage cancellations

The nation’s biggest provider of pet insurance cited the escalating cost of veterinary care and other factors cutting into its profits as the reason for its decision

The Independent UK

Ethical banking in the UK: how to put your everyday account to good use

With spotlight on investments behind banks, we ask whether three top providers still offer a good deal

The Guardian - UK

Virgin Money profits edge up ahead of Nationwide deal

Nationwide members to the competition watchdog in bid to stop deal

Evening Standard

US dollar rallies as strong jobs report dampens rate cut hopes – as it happened

US economy created many more jobs than expected in May, but unemployment rate has risen to 4%

The Guardian - UK

Will the general election impact house prices?

Nationwide announced that UK house prices saw a modest bounce back in May

The Independent UK

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

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Evening Standard

Nationwide sees higher wages give a small Spring boost to property market

Prices rose at a higher annual rate of 1.3% in May says lender

The Guardian - UK

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

Nationwide blocked my debit card and won’t tell me why

Its fraud team couldn’t resolve the matter and I’m running out of money

The Guardian - UK

House price growth in rural areas outstrips towns in Great Britain

Countryside semis are strongest-performing property type, with average price up 22% over five years

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The Independent UK

Rural areas ‘have seen strongest house price growth over last five years’

Increased demand for properties in rural areas was part of the ‘race for space’ seen during the coronavirus pandemic, Nationwide said.

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 Independent 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

Evening Standard

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.

The Guardian - 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

‘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

Nationwide doubles maximum personal loan to £50k amid rising building costs

Previous £25,000 maximum no longer enough to fund some home improvements, says building society

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