Give Nationwide Members a Say on the purchase of Virgin Money

The campaign for Nationwide members

SIGN THE PETITION

Month: May 2024

Nationwide’s bumper profits are “hurting members everyday”, Virgin Money takeover will only “compound the misery”, and Fairer Share payment labelled an “ineffective bribe for a few, and an unfair, empty gesture for most.” “Never in the 250 year history of the building society movement was so much taken from so many by so few.”

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THURSDAY 23RD MAY 2024 FOR IMMEDIATE RELEASE Nationwide’s bumper profits are “hurting members everyday”, Virgin Money takeover will only “compound the misery”, and Fairer Share payment labelled an “ineffective bribe for a few, and an unfair, empty gesture for most.” “Never in the 250 year history of the building society movement was so much taken […]

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Nationwide members demand “clarity and balance” on proposed Virgin Money deal and rationale for denying vote

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The campaign to “Give Nationwide Members a Say on the purchase of Virgin Money” accuses Nationwide of “poor communication and misleading statements” regarding the deal, and requests that Nationwide be “open and honest” with membership regarding the inherent costs and risks of the proposed acquisition. Further, after the society revealed that it is denying members a vote on a technicality, the campaign challenges the “legal safety” of the Nationwide board’s opinion, effectively disenfranchising 16 million Nationwide members.

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