How will Nationwide’s swoop for Virgin Money impact the UK banking sector?
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 set to catapult Nationwide into second place in the mortgage and savings market.
Here we look at the reasons behind the potential deal and what it will mean for banking customers.
– What will the deal mean for the UK banking sector?
The planned takeover will bring together Britain’s
