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Stock impact report

Nationwide Boss Debbie Crosbie Emerges as UK's Top Female Banker in Virgin Bid [BNN Bloomberg (Canada)]

NatWest Group plc American Depositary Shares (NWG) 
Company Research Source: BNN Bloomberg
Nationwide's £2.9 billion ($3.7 billion) proposal for Virgin Money UK Plc announced on Thursday is Crosbie's latest move in a career that spans over 25 years in British banking. If the deal goes ahead, Crosbie, 53, will helm the second-largest mortgage provider in the country. The takeover plan could also make Crosbie the superior of her former boss at Clydesdale Bank — Virgin Money CEO David Duffy. The resignations last year of NatWest Group Plc's Alison Rose and Anne Boden at Starling Bank have made Crosbie an even more prominent figure in the male-dominated world of UK finance. Before joining Nationwide in 2022 as the lender's first female chief executive, Crosbie led a turnaround at TSB Banking Group, part of Spain's Banco de Sabadell SA, delivering early on the bank's three-year growth strategy. Prior to this, Crosbie spent two decades at Scottish lender Clydesdale, including a brief stint as acting CEO during the group's decoupling from National Australia Bank and subse Show less Read more
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