Nationwide Appoints Debbie Crosbie as First Female CEO
(Bloomberg) -- Nationwide Building Society named Debbie Crosbie as chief executive officer, making her the first woman to run the lender in its 137-year history.
Crosbie joins next year from rival TSB where she was also CEO, the company said in a statement on Friday. Nationwide, the U.K.'s second-largest mortgage lender, more than doubled its profit before tax in the six months to September as demand for home loans continued to grow through the pandemic.
“She brings significant banking experience combined with deep operational and technological knowledge -- core skills that are needed to run a modern building society,” Kevin Parry, Nationwide's incoming chairman, said in a statement.
Crosbie is among a handful of women running British banks, including Alison Rose at NatWest Group Plc and Anne Boden at Starling Bank. Before joining TSB in May 2019, Crosbie spent two decades at Clydesdale Bank, including a stint as acting CEO during the group's demerger and subsequent stock market listing.
©2021 Bloomberg L.P.
-
Unhedged Position | Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
