Nationwide challenges UK’s big banks with $3.7 bln Virgin Money bid
Britain’s Nationwide Building Society (NBS.L), opens new tab has agreed to buy Virgin Money UK (VMUK.L), opens new tab in a potential 2.9 billion pound ($3.7 billion) all-cash deal to create the country’s second-largest savings and mortgage provider. Reuters reports The proposed deal is the latest example of a bounce in merger and acquisition activity among British lenders, […]