Nationwide Building Society is considering selling its Isle of Man-based deposit taking business, fo...
Nationwide Building Society is considering selling its Isle of Man-based deposit taking business, following approaches from third parties. The building society has appointed independent investment bank Gleacher Shacklock LLP to review the options for Nationwide International, including its sale. The move follows the planned merger between Nationwide and Portman building societies, which saw Portman Channel Islands sold to Scarborough Building Society. Nationwide International has around 32,000 customers and deposit balances totalling around £2bn, with the average individual deposit excee...
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