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  • Evening Standard

    Nationwide swoops on Virgin Money in controversial £2.9 billion deal

    by Simon English Mar 07, 2024 2 minutes
    Source: Robert Perry / Parsons Media

    NATIONWIDE Building Society risked accusations it is moving away from its mutual roots today with a £2.9 billion deal to buy Virgin Money that cuts competition in the market.

    The deal, soon after the arrival of CEO Debbie Crosbie, is brokered by some of the top bankers in Europe including Goldman Sachs’s Anthony Gutman, who sold Morrisons to private equity for

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