Hints and tips:
...It seems inescapable, if the deal goes through, that how Nationwide deals with the tougher decisions will reflect on the mutual sector as a whole....
...As Crosbie sets about the integration, Nationwide’s deal is the latest sign that mutuals are becoming more aggressive in their pursuit of growth....
...The mutual will pay 220p per share for the challenger bank, in a combination that the companies say will create the second-largest provider of mortgages and savings in the UK....
...From such a strong starting position, Nationwide, and indeed the whole mutual model, have a lot to lose....
...the mutual in 2022....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...Nationwide, the country’s largest mutual, has attracted ire from campaigners and some of its members in recent weeks who argue that it should put its purchase of Virgin Money to a vote....
...Coventry is the UK’s third-largest mutual lender with about 2mn members and assets of £62.5bn....
...FedEx moved most of the United States Postal Service air cargo nationwide....
...member, one vote mutual organisation (“Nationwide profits jump by nearly 40 per cent on rising rates, Report, FT.com, May 19)....
...Nationwide releases its September and third-quarter UK house price indices. Results: James Halstead presents full-year earnings....
...Letter in response to this article: Nationwide’s giveaway is a mutual going exclusive / From Jim Stride, Sandhurst, Berkshire, UK...
...The May launches from HSBC Asset Management will come in the same month that Vanguard loses its nationwide patent for the same structure in the US, potentially opening the floodgates to a range of imitators...
...“This stance allows us to engage with various nations in a manner that respects mutual interests and acknowledges the complexities of contemporary geopolitics.”...
...Lasso could dissolve congress before it votes on impeachment, taking advantage of a “mutual death” clause in the 2008 constitution that has never been used....
...“Russia and some other countries are keen to use mechanisms such as mutual monetary agreements or trade-based swaps....
...“It’s very, very difficult to fine-tune this huge $20tn-plus economy and cool it off just enough,” says Kathy Bostjancic, chief economist at financial services company Nationwide Mutual....
...Data from the People’s Bank of China show that renminbi deposits held by households nationwide grew in 2022 by a record Rmb17.8tn ($2.6tn), a huge surge compared with growth of Rmb9.9tn in 2021....
...The split was likely mutual — viewers had switched over to watch Jamie Oliver race against the kitchen clock, or Nigella Lawson melt chocolate in a bathrobe....
...Kei Okazaki, head of ETF secondary trading at the Tokyo Stock Exchange, was confident there would be demand for active ETFs after the exchange contacted about 700 institutional investors nationwide, mainly...
...When Macron decided to add a few cents to the fuel tax in 2018, he had no idea it would spark a months-long nationwide uprising by the gilets jaunes, the “yellow vests”, because he and the technocrats around...
...Crosbie said she was delighted to be asked to lead the building society: “Nationwide’s mutual status, combined with its trusted brand and market-leading customer service, make it a purposeful and unique...
...house price index Results: Air China Q2, Baidu Q2, Bank of China HY, Best Buy Q2, Bunzl HY, China Eastern Airlines Q2, China Southern Airlines Q2, CrowdStrike Q2, GoTo Q2, Harmony Gold FY, HP Q3, Old Mutual...
...It’s unemployment rate is at a record low and there are 2.4 job openings per unemployed person — well above the nationwide average of 1.9....
...In 2008, the firm also financed a $1.35bn rescue of Washington Mutual bank, an investment that was wiped out within months....
International Edition