Nationwide has been fined £44 million by the Financial Conduct Authority for serious flaws in its financial crime controls. The enforcement, announced on December 12 2025, highlights significant shortcomings at
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Mortgage lending at Nationwide has declined following a surge of homebuyers finalising purchases before the April stamp duty deadline. Despite a decrease in lending, the building society’s income climbed due
In an embarrassing turn of events, Virgin Money’s AI-powered chatbot has publicly scolded a customer for using the word “virgin” in their query, highlighting the potential risks of deploying external
In a significant financial development, Nationwide Building Society has recorded an extraordinary £2.3 billion accounting gain from its Virgin Money UK acquisition, whilst simultaneously reporting a 24% decline in underlying
