News about Kevin Parry

There is no need to consult its 16 million members who own the mutual on its bid for the High Street bank, according to Debbie Crosbie, pictured. Any consultation, according to experts, could result in the deferral of the £2.9 billion contract. Some members are concerned that swallowing Virgin Money, which will increase the countrywide's population by a third, is risky, and we want the building industry to disclose what is in it for customers.

The work of Britain's Takeover Panel is lauded for its clarity. It establishes the rules for bids and contracts, but it avoids the court quagmire that is often seen in the United States. Nevertheless, a tight deadline for making a bid and concluding a contract favors the acquirer more than often, contributing to the ease with which international predators have acquired iconic companies.

Sir Richard Branson will be the first winner from Virgin Money's £2.9 billion bid. The bank's equity, as well as the brand licence fee, is expected to be worth at least £650 million. As rewarding as it is to see the man who was once voted Britain's Most Popular Business Person honoured, Countrywide contributors, including this writer, might be concerned with the most efficient use of resources.

Virgin Money has been bought by Nationwide Building Society in a £2.9 billion contract. Following Lloyd's, the agreement will result in the establishment of the second-largest UK banking entity after Lloyd's. Here's what you need to hear about what the contract means for you.

Last week, it was revealed that a quarter of consumers now must travel for an hour round trip to visit their nearest bank. Any people living in the countryside told of journeys taking more than three hours, a significant problem for the elderly and vulnerable because they can't use technology in lieu of an in-person visit. The Mail has discovered that not one executive or chairman of the eight banks that have closed, but that the majority of branches will face a lengthy journey.