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Nationwide profits fall 21 percent on digital spend

Digital Banking

Nationwide profits fall 21 percent on digital spend

Reuters - by Iain Withers and Lawrence White

LONDON (Reuters) - Britain’s bellwether mortgage lender, Nationwide Building Society, reported a 21 percent fall in profits for the first nine months of the year after ramping up its investment in digital banking. FILE PHOTO: A general view of a Nationwide building society branch in London, May 27, …

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