Customers who have savings with Nationwide and Virgin Money have been updated on how they will be affected by a deal between the two groups. Nationwide has completed a takeover of Virgin Money, bringing them together.

The two brands will continue to exist on UK high streets for between four and six years, before Virgin Money is fully absorbed by Nationwide and customers are switched over

Nationwide Building Society confirmed it has completed its controversial takeover of Virgin Money. Britain's largest building society informed members by email today that it has now completed the acquisition of Virgin Money. Nationwide announced it had agreed a £2.9billion deal to take over Virgin Money in March.

Virgin Money’s shares have been cancelled from trading on the London Stock Exchange following the acquisition.

Nationwide has completed its £2.9bn takeover of Virgin Money in the UK's biggest banking merger since the financial crisis amid increasing consolidation among mid-sized lenders.

Nationwide has completed its £2.9bn takeover of Virgin Money, bringing together two of Britain’s largest banking groups.

Nationwide has sealed the £2.9bn acquisition of Virgin Money, which creates the country’s second-largest mortgage lender. The mutual has formally completed the cash purchase of the high street bank, which will see Virgin Money’s listing removed from the stock market today.

Nationwide's £2.9billion takeover of Virgin Money has been approved. Judge Sir Anthony Mann said he was satisfied legal requirements had been complied with. He told a specialist companies court in London: “It’s obviously a sensible scheme with financial benefits. I can see no reason not to sanction the scheme and in my discretion I will do so.”

Nationwide Building Society’s £2.9bn takeover of Virgin Money is expected to go through next week after the deal was approved by a judge.