What Nationwide’s swoop for Virgin Money will mean for you
Nationwide Building Society has launched a proposed £2.9 billion takeover of smaller rival Virgin Money in a move that will create a UK lending giant.
The move took the City by surprise and is set to catapult Nationwide into second place in the mortgage and savings market.
The planned takeover will bring together Britain’s fifth and sixth largest retail lenders, creating a combined group with around 24.5 million customers, more than 25,000 staff and nearly 700
