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Virgin Money to cut 31 branches and 112 jobs

Glasgow-headquartered Virgin Money has announced plans to close another 31 branches, including 12 in Scotland, as it “accelerate its digital strategy, enabling greater efficiency.” When…










Virgin Money UK names David Bennett chairman

Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, on Monday announced board changes with insider David Bennett succeeding Jim Pettigrew as chairman and…










Shareholders OK Clydesdale-Virgin Money deal

Shareholders of Clydesdale and Yorkshire Bank owner CYBG and shareholders of Virgin Money on Monday overwhelmingly approved the all-share deal for CYBG to take over its Newcastle-based…






Virgin Money mortgage balances up to £34bn

Shares of Edinburgh and Newcastle-based Virgin Money rose about 6% after it said in a first-quarter trading update that it reaffirmed its 2018 guidance on performance and…



Dorner completes Virgin Money female top team

Edinburgh and Newcastle-based Virgin Money has confirmed the appointment of former HSBC executive Irene Dorner as chair elect of the challenger bank. The appointment helps create the…




Virgin Money mortgage balances hit £33bn

Shares of Newcastle and Edinburgh-based challenger bank Virgin Money rose about 5% after it gave investors a positive trading update and outlook for rest of…



Virgin Money credit card balances up to £2.7bn

UPDATE 1 — Newcastle and Edinburgh-based challenger bank Virgin Money insisted it had maintained a “strong focus on asset quality” as its credit card balances grew about 8% to £2.7…


Virgin Money profit up 41% to £194m in digital push

Edinburgh and Newcastle-based challenger bank Virgin Money said its 2016 statutory profit before tax increased 41% to £194.4 million and its gross mortgage lending grew 12% to £8.4 billion, giving it…



Virgin Money profit jumps 53% to £160.3m

Edinburgh-based Virgin Money said on Wednesday it delivered a strong performance in its first full financial year since listing, with underlying profit before tax increasing by 53%…




Virgin, Skipton, Halifax pause new mortgages

Virgin Money and Skipton Building Society on Monday temporarily withdrew their mortgage ranges for new customers because of the volatility in sterling funding markets, according…





Aberdeen Standard, Virgin seal investment JV

Aberdeen Standard Investments and CYBG’s Virgin Money announced on Wednesday they have sealed a new investments and pensions joint venture. The venture will build on Virgin…






Virgin Q1 mortgage lending up 30% to £2.1bn

Challenger bank Virgin Money said it grew its gross mortgage lending by 30% to a record £2.1 billion in the first quarter of 2016 compared to the same period last year….










NatWest-RBS in Sainsbury’s Bank takeover approach

Edinburgh-based Sainsbury’s Bank has received an approach from NatWest-RBS for a potential takeover. The development comes a week after supermarket group Sainsbury’s said it received third-party…