Nationwide is under pressure to give members a say on its £2.9billion takeover of Virgin Money after a petition yesterday hit its target.
The building society, led by Debbie Crosbie, has said that it is not necessary to consult its 16m members – but Virgin Money shareholders will get a vote.
A petition set up by Nationwide members has secured 500 signatures, which could pave the way for a special meeting.
Under pressure: Nationwide, led by Debbie Crosbie, has said that it is not necessary to consult its 16m members
Nationwide is set to oppose a members’ vote, even if a meeting is arranged.
Organiser Mikael Armstrong told The Mail on Sunday the decision not to give members a say is ‘an outrageous show of arrogance’.
