Proposed takeover of Virgin Money by Nationwide is full of Red Flags đźš©
Count the RED FLAGS with us, enough for an 18 hole golf course! (UPDATED WITH LINKS) 1. Nationwide buying Virgin Money @38% above market https://www.bbc.co.uk/news/business-68499145 2. Offer is still < book value given Virgin Money poor performance & prospects https://www.polarcapital.co.uk/gb/professional/Investment-Insights/Post/7175/Nationwide_bids_for_Virgin_Money_Our_take 3. Virgin Money is a Frankenstein bank with bad IT: 4 different banks, not integrated […]