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Digital banking push chips away at Nationwide profits

Digital Banking

Digital banking push chips away at Nationwide profits

The Telegraph - By Lucy Burton

Nationwide Building Society has unveiled a profit plunge of 21pc after it poured money into digital banking and was forced to take a writedown. The UK's largest building society, which last year promised to pump £1.3bn into new technology over the next five years, said profits for the nine months to …

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