Seven-figure sums for Nationwide bosses despite £1bn black hole in finances

Britain's biggest building society is bracing itself for a fiery showdown with members at its annual meeting in Manchester next month, the Daily Mail reports. Key issues are likely to include pay and the £1bn shortfall in its capital buffer, revealed by the Bank of England last week. Building societies have sought to set themselves as a cut above their banking cousins, which have been mired in mis-selling scandals and allegations of greed in the boardroom. But on July 24 Nationwide will be forced to defend a £2.26m pay package handed to chief executive Graham Beale. In all, the...