Search results
Results From The WOW.Com Content Network
Virgin Money vastly increased its size and customer base in 2012 with the purchase of the so-called 'good bank' portion of the nationalised Northern Rock bank. In 2018, the entire UK operation of Virgin Money was sold to CYBG plc in a £1.7bn all-share deal which made the group the sixth-largest bank in the UK. [2]
A branch of the Northern Rock with Virgin Money branding on Briggate in Leeds. On 13 October 2007, Sir Richard Branson announced that Virgin Group were putting together a consortium of financiers to propose to plough millions into the troubled Northern Rock bank and in return take an approximate 30% stake in the business, bringing the current financial products offered by Virgin and combining ...
Virgin Money may refer to: Virgin Money (brand), a financial services brand owned by Virgin Group; Virgin Money UK, a British banking and financial services company; Virgin Money Australia, an Australian banking and financial services company owned by the Bank of Queensland; Virgin Money US, a former US loans company
Virgin Money, the U.K. bank part-owned by Branson, announced last week that it was the subject of a takeover bid from banking rival Nationwide for £2.9 billion, causing its share price to soar.
Nationwide has gained £2.3 billion following its acquisition of Virgin Money, according to the firm’s half-year results. The building society completed its £2.9bn takeover of Virgin Money in ...
Gormley was in private equity for seven years before going to work for Richard Branson in 1994. Branson brought him to Virgin to identify new business opportunities. [2]When he spotted financial services as a potential area for Virgin to explore, Branson asked Gormley to run it, and Virgin Direct (now Virgin Money) was born in 1995 with Gormley as CEO.
In September 2008, Branson and his children made an unsuccessful attempt at an eastbound record crossing of the Atlantic Ocean under sail in the 99-foot (30 m) sloop Virgin Money. [118] The boat, also known as Speedboat , is owned by NYYC member Alex Jackson, who was a co-skipper on this passage, with Branson and Mike Sanderson.
Virgin Money launched its newest AI chatbot Redi last year. It formed part of a large cohort of banks keen to streamline their processes following the advent of Gen AI.