Nationwide’s £2.9bn takeover of Virgin Money
Over 600, 000 voters gave Nationwide’s board their backing in yesterday’s AGM, of the £2.9bn takeover of Virgin Money, including the board’s re-election and directors’ pay packages receiving approvals of about 95 per cent or more. Nationwide’s CEO Debbie Crosbie’s maximum long-term bonus to £3.4mn. Yesterday’s meeting which took place online was open to Nationwide’s 16 million members, as customers who have a current or savings account or a mortgage who owns the building society rather than shareholders. The Virgin Money takeover which will be the largest UK bank merger since the financial crisis, is set to make Nationwide the second-biggest provider of … Continue reading Nationwide’s £2.9bn takeover of Virgin Money
