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Mar 8, 2024 · The deal is set to eventually see the Virgin Money brand disappear from UK high streets. Nationwide Building Society this week launched a proposed £2.9bn 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 ...
Mar 7, 2024 · Virgin Money is not alone among UK lenders in seeing its shares trading at a substantial discount to book value. NatWest trades at around 70% of book value, Lloyds at around 80% while Barclays ...
Jul 19, 2024 · News and stories. An update on our offer to buy Virgin Money. The Competition and Markets Authority (CMA) has unconditionally cleared the acquisition following its review. Published on: 19 July 2024. “This is another important step on the path to completing the acquisition of Virgin Money, with all the benefits for members and customers that ...
Mar 7, 2024 · Virgin Money is currently the UK’s sixth-biggest retail bank by total assets and has a customer base of around 6.6 million and total lending of £72.8bn. Within its unsecured lending business, it has £6.7bn of balances and an estimated 8.6% market share of UK credit cards.
Oct 1, 2024 · 1 October 2024. 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. The deal, first announced earlier ...
Mar 7, 2024 · 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 ...
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Oct 1, 2024 · Virgin Money is now part of Nationwide. Updated on 1 October 2024. Today, Nationwide completed its acquisition of Virgin Money. The combination of both businesses will result in a mutually owned, full-service organisation with enhanced investment in customer service and a wider range of products. Together, we will be the UK’s second largest ...
