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Regulators green light Nationwide's £2.9bn Virgin Money takeover
By Abigail Townsend
Date: Friday 06 Sep 2024
(Sharecast News) - Nationwide Building Society's £2.9bn takeover of Virgin Money UK has received regulatory approval, it was announced on Friday.
Both the Financial Conduct Authority and the Bank of England's Prudential Regulation Authority have backed the deal, an unusual takeover of a listed bank by a member-owned building society.
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