December 2025 – The Financial Conduct Authority (FCA) has imposed a fine of £44mn upon the Nationwide Building Society for lack of proper financial control between October 2016 and July 2021. The fine was originally £62,969,297 but was reduced by 30% for early settlement. The Nationwide failed to address “unacceptable” known deficiencies in its systems for…
Category: Uncategorized
December 2022 – Nationwide Building Society has appointed TSB boss Debbie Crosbie as its next chief executive and executive director. She will be replaced on an interim basis at TSB by Glasgow-based banker Robin Bulloch and will join Nationwide in the first half of 2022. She will replace Joe Garner, the current chief exec, who is leaving after…