Nationwide banks £2bn in takeover of Virgin Money
The Independent|November 28, 2024
Nationwide has gained £2.3bn following its acquisition of Virgin Money, according to the firm’s half-year results.
JABED AHMED
Nationwide banks £2bn in takeover of Virgin Money

The building society completed its £2.9bn takeover of Virgin Money in October, making it the UK’s second-largest mortgage and savings provider. The purchase brings together around 24.5 million customers, more than 25,000 staff and nearly 700 branches.

The two brands will continue to exist on UK high streets for between four and six years before Virgin Money is fully absorbed by Nationwide and customers are switched over.

This story is from the November 28, 2024 edition of The Independent.

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This story is from the November 28, 2024 edition of The Independent.

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