Virgin Money

Nationwide has completed its £2.9bn takeover of Virgin Money, bringing together two of Britain’s largest banking groups. Photo: Mike Egerton/PA Wire

Nationwide completes Virgin Money takeover

Spending data revealed that summer lifestyle spending (June and August 2024) rose to £756.9m - a £12.9m increase compared to last year

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Nationwide’s £2.9 billion takeover of rival Virgin Money is expected to complete next month after the deal was given the green light by the UK’s financial regulators. (Photo by Mike Egerton/PA Wire)

Nationwide’s £2.9bn takeover of Virgin Money set to complete next month

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Virgin Money has said it lent less to customers in recent months but reported stronger demand for savings, as the bank prepares to be taken over by Nationwide by the end of the year. (Photo by Mike Egerton/PA Wire)

Virgin Money reports strong demand for savings

Singer Chesney Hawkes marks the opening of a new Nationwide branch earlier this year - the building society has said branches will be protected as it takes over Virgin Money.

Nationwide's £2.9bn takeover of Virgin Money gets green light from regulator

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Virgin Money has warned of “headwinds” from interest rate cuts and said it will face cost pressures as it pauses some restructuring efforts ahead of its £2.9bn takeover. (Photo by Mike Egerton/PA Wire)

Virgin Money warns of ‘headwinds’ from interest rate cuts

The UK competition regulator is to investigate Nationwide’s planned £2.9bn takeover of rival Virgin Money. (Photo by Mike Egerton/PA Wire)

CMA to investigate Nationwide’s planned £2.9bn takeover of Virgin Money

Nationwide Building Society will pay customers £100. Photo: Mike Egerton/PA Wire

Bank to pay customers £100

Virgin Money has announced that it expects to see “headwinds” in the second half of 2024 as the firm prepares for its takeover by Nationwide. Photo: Mike Egerton/PA Wire

Virgin Money expects ‘headwinds’ as firm prepares for Nationwide takeover

Mikael Armstrong, organiser of the "Give Nationwide Members a say" campaign, outside Nationwide's headquarters in Swindon with a petition calling for the building society to give its 16 million members a vote over its decision to buy rival lender Virgin Money in a deal worth around £2.9 billion. (Photo by Stuart Harrison/PA Wire)

Petition for Nationwide members to vote on Virgin Money deal gathers steam

Nearly 1,000 people have signed a petition calling for Nationwide Building Society to give its 16 million members a vote over its decision to buy rival lender Virgin Money in a deal worth around £2.9bn.

Greg Wright

Nationwide Building Society is set to take over smaller rival Virgin Money after the pair agreed a deal worth around £2.9bn. (Photo by Paul Faith/PA Wire)

Nationwide Building Society set to take over Virgin Money

Specialist lender Vanquis has warned over a hit to full-year profits after seeing a surge in claims over motor finance deals. The group said that while it is not part of Financial Conduct Authority (FCA) investigations in motor financing, it has seen “significant levels of third-party complaint submissions”. It cautioned that even though the “vast majority” of complaints are not upheld, rising costs of reviewing them will “materially” impact profits. (Photo by Dominic Lipinski/PA Wire)

Vanquis warns over hit to profits from surge in claims and strategy overhaul

High street lender Virgin Money has agreed a £2.9bn proposed takeover by Nationwide Building Society in a move set to create the UK’s second largest mortgage and savings group. (Photo by Paul Faith/PA Wire )

Virgin Money agrees a £2.9bn proposed takeover by Nationwide Building Society

Library image of a Virgin Money bank in Sheffield. Virgin Money has unveiled plans to spend £130 million on artificial intelligence (AI) and technology to help fight cyber crime,(Photo by Mike Egerton/PA Wire)

Virgin Money ramps up cost cutting as it unveils £130m plan to fight cyber crime

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David Duffy, chief executive officer of Virgin Money, said: “We have delivered another quarter of good progress against our strategy, with growth in both deposits and our target lending segments." (Photo supplied by Tom Stockill/Virgin Money)

Virgin Money sees mortgage lending fall and credit card arrears rise

Virgin Money is to shut almost a third of its bank branches, with 255 workers facing potential redundancy. (Photo supplied by Virgin Money/PA)

Virgin Money to shut 39 bank branches

Virgin Money to shut 39 branches. (photo by Mike Kemp/In Pictures via Getty Images)

Virgin Money to shut 39 branches, 255 jobs now at risk

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Fraser Ingram, chief operating officer of Yorkshire Building Society.

Yorkshire Building Society appoints new chief operating officer

Yorkshire Building Society has appointed Fraser Ingram as its new chief operating officer.

Lizzie Murphy

David Duffy, CEO, said: "More people are choosing to bank with Virgin Money. While the past six months have seen turbulence in the economy and in the financial system, we have continued to focus on our target areas, growing customer numbers and deposits thanks to our new and existing digital products. Further customer-centric product launches are coming in the second half of the year."

Virgin Money plans further 'customer- centric' product launches

Online banking is becoming increasingly popular - and competitive.

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David Duffy – Executive Director and Chief Executive Officer at Virgin Money Picture: Tom Stockill

Virgin Money delivers 'prudent, profitable growth' in customer lending

David Duffy – Executive Director and Chief Executive Officer at Virgin Money

Virgin Money reveals 10 per cent pay rise for staff as profits jump

Banks and building societies are withdrawing some of their mortgages from sale after the Government’s mini-budget on Friday sparked massive market turmoil. Picture: PA

Lenders withdraw mortgages from sale after mini-budget sparked market turmoil

Challenger banks are growing in popularity, according to a new study.

Challenger banks jump ahead of industry giants for customer satisfaction

Virgin Money said it delivered a positive performance over the last quarter and customers are still not showing signs of financial stress, despite the economic uncertainty.

Virgin Money delivers 'positive quarter' as it grows balance sheet

British entrepreneur Richard Branson walks out of a giant wallet as he launches Virgin Money's new credit cards in Sydney Harbour on July 27, 2010. The financial services arm of Branson's Virgin Group now offers Australians low interest rate credit cards, savings accounts, superannuation and car insurance. AFP PHOTO / Torsten BLACKWOOD (Photo by TORSTEN BLACKWOOD / AFP) (Photo by TORSTEN BLACKWOOD/AFP via Getty Images)

Virgin Money is giving thousands of staff £1,000 cost of living bonus

David Duffy the chief executive, said Virgin Money had made good progress against its strategy, while delivering a significant increase in profit.

Virgin Money delivers 'significant increase' in profits

Syreeta Brown, group chief people and communications officer, at Virgin Money said: “We are often too quick to discount people, and I’ve found it really inspiring to coach and inspire employees to become high performers."

Human resources holds the keys to the kingdom of the corporate world

David Duffy, chief executive of Virgin Money, said: “Virgin Money’s performance in the first quarter has been strong. Our balance sheet is performing well, asset quality remains robust and we have increased guidance on net interest margin for 2022."

Virgin Money reveals hit to mortgage lending

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Santander has accidently paid out £130m to tens of thousands of individuals and businesses. Picture: Bill Johnson

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David Duffy, the bank’s chief executive officer, said: “Following our decision to accelerate the next stage of our Digital First strategy, we are today announcing our medium-term growth, investment and efficiency targets, as well as details on FY21 (full year 2021) performance.

Virgin Money confirms that store network is likely to reduce further

The new digital wallet will sit at the heart of Virgin Money’s payments, loyalty and unsecured credit offering to customers, Virgin Money said.

Virgin Money reveals plans to launch digital wallet with strategic partner

Virgin Money in Whitby, Virgin Money's closure of local branches continues to be criticised.

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Virgin Money's branch closures continue to attract criticism.

My four-hour round-trip to nearest Virgin Money branch – Yorkshire Post Letters

A Virgin Money bank. Photo: Matt Alexander/PA Wire

Virgin Money has a duty to its customers amid closures - Yorkshire Post letters

Virgin Money said its intention is to find alternative roles for colleagues wherever possible

One hundred jobs to be lost as Virgin Money plans to close nine Yorkshire branch...

Brian Richardson, is Head of Agriculture, at Virgin Money.

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The latest tranche – the biggest yet in the action so far – takes the total number of claims to 1,345, representing 823 small businesses, according to RGL.

Hundreds of new claimants join legal action against bank over loans

Virgin Money plans to "keep our customers at the centre of our work"

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"We’ve seen a rise in entrepreneurship, as people have taken this time to consider what they want to do with their lives"

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Virgin Money has confirmed that trading in the three months to 30 June 2021 was in line with the board's expectations.

Virgin Money 'well-placed' for profitable growth

Results from the likes of Lloyds Banking Group, Barclays and NatWest will be in sharp focus, coming hot on the heels of the Bank of England’s move to ditch the remaining “guardrails” on shareholder payouts in the sector.

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