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Nationwide International confirmed in a statement issued on 22 September 2016 that it would be closing in mid-2017 and on 13 February 2017 confirmed all accounts would be closed by 30 June 2017. [2] Local media sources confirm up to 70 jobs will be lost as a consequence of the closure. [3]
Nationwide Building Society is the largest retail bank in the United Kingdom, [2] and the world's largest building society, serving over 16 million members. [3] It operates as a British mutual financial institution, meaning it is owned by and run for the benefit of its members.
Portman merged with the Nationwide Building Society in August 2007, [1] at which time it was the third largest building society in the UK and the largest regional building society in the south of England, with 154 branches and assets exceeding £15 billion.
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Unlike some other major economies, the UK does not have a major stratum of independent local banks. The number of independent banks shrank further during 2008: Northern Rock was nationalised by the UK Government (and is now owned by Virgin Money ), followed by Bradford & Bingley ; Alliance & Leicester was acquired by Santander , who merged it ...
As a result, a closed account that shows a history of on-time payments may continue to boost your credit score slightly for up to 10 years after the account was closed.
Derbyshire Building Society (previously trading as The Derbyshire) was a UK building society based in Duffield, Derbyshire in the East Midlands of England.It was the 9th largest building society in the United Kingdom based on total assets of £7.1 billion at 31 December 2007, [3] until it was acquired by Nationwide Building Society on 1 December 2008.