Nationwide, the UK's largest mutual financial services group, said acquiring Britain's sixth biggest retail bank would create a bigger, stronger rival to the major high street competitors.
It added the deal would also give it the financial resources to offer more competitive mortgage and savings rates.
The takeover marks the second big pay-off for entrepreneur Sir Richard, 73, whose Virgin Group owns 14% of the London Stock Exchange-listed bank.
Bu hikaye Daily Express dergisinin March 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Daily Express dergisinin March 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Wicked! Erivo's Oscar nod
Star's best actress nomination for Wizard of Oz prequel
Comic left £6.4m to his wife
COMEDIAN Barry Humphries - famous for creating Dame Edna Everage - left a £6.4million fortune to his fourth wife Elizabeth.
BRUNO GIVES RUBEN BIG LIFT
Captain rescues Amorim with fine last-gasp winner
Samsung unleashes AI tech in battle with Apple
SAMSUNG has launched its new artificial intelligence powered phone series, the latest salvo in its ongoing battle with Apple for global market dominance.
Brewer's fears of a recession
BREWDOG co-founder James Watt has hit out at Chancellor Rachel Reeves for causing huge \"economic pain\".
PEP'S EMPIRE IS FALLING APART
Guardiola now looks broken
Familiar Patten for duo
WIMBLEDON champion Henry Patten claimed his doubles team are proving they are \"one of the top pairs in the world\" after reaching a second Grand Slam final.
Walker makes move to Milan
KYLE WALKER has completed his loan move to AC Milan - but he may have to wait until next month to make his debut.
10 pints driver left victim an amputee
POLICE confront a drink-driver who drank 10 pints before hitting a car head-on - leaving one of the accident victims an amputee.
PALLADIUM FLAW SHOW
World's most expensive jumps horse struggles to woo critics
