Nationwide’s £2.9bn deal for Virgin Money have to be stopped — members ought to enroll

Enter Nationwide, whose new CEO Debbie Crosbie used to work at CYBG till 5 years in the past, when it changed into Virgin Money. She later left to affix TSB. She has now bid to purchase this bottom-tier financial institution from her outdated boss for 40% greater than its market worth. If this transaction goes by means of, David Duffy, the CEO of Virgin Money, is predicted to be given a golden parachute price £15 million, whereas Branson is ready to pocket practically £700 million. No doubt there can be hefty bonuses for Nationwide bosses, who will pocket the money and transfer on, leaving a large number that the devoted workers and trusting clients can be caught with for years afterwards.