Nationwide building society customers say no to Virgin Money takeover

The Issue

Nationwide Building Society is a financial organisation that has, historically, looked after its members well...until recently. 

 

The attempted buy out of Virgin Money is not the action of a financial institution that is owned by its members. We are not a bank. We are a member owned Building Society and we want a say in any decisions of this nature.

Black Rock and Vanguard own shares in Virgin Money and we don't want our building society anywhere near those companies.  We own the money in Nationwide Building Society, and as members, we do not want to acquire Virgin Money and we do not want to pay their shareholders anything from our collective funds and assets. Profits should go back to the members...nowhere else. 

This petition had 970 supporters

The Issue

Nationwide Building Society is a financial organisation that has, historically, looked after its members well...until recently. 

 

The attempted buy out of Virgin Money is not the action of a financial institution that is owned by its members. We are not a bank. We are a member owned Building Society and we want a say in any decisions of this nature.

Black Rock and Vanguard own shares in Virgin Money and we don't want our building society anywhere near those companies.  We own the money in Nationwide Building Society, and as members, we do not want to acquire Virgin Money and we do not want to pay their shareholders anything from our collective funds and assets. Profits should go back to the members...nowhere else. 

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