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The credit card book was integrated into Virgin Money's operations in 2014, and was expected to create 150 jobs at the Gosforth offices. The former Vice Chairman of MBNA Corporation, Lance Weaver, became Virgin Money's President of Virgin Money Cards. [33] A further £363 million credit card asset portfolio was purchased from MBNA in 2014. [34]
The current logo of Virgin Money's operations outside the UK. Virgin Money's logo is focused around the main logo of Virgin Group, which is an underlined word 'Virgin' in a red and magenta gradient coloured circle. This logo was introduced in January 2012 to signify the purchase of Northern Rock, which used a magenta logo.
The former Vice Chairman of MBNA Corporation, Lance Weaver, became Virgin Money's President of Virgin Money Cards. [ 12 ] On December 20, 2016, Lloyds Banking Group announced that it would purchase MBNA's UK portfolio from Bank of America for £1.9 billion, its first acquisition after the financial crisis of 2007–2008 . [ 13 ]
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.
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Clydesdale Bank plc is a retail and commercial bank based in Scotland and now owned by Virgin Money UK. It was formed in Glasgow , Scotland, in 1838 and since 2019 mainly trades as Virgin Money . With its international growth in commercial and industrial clients, including Sir Robert McAlpine & Sons, and their extensive credit requirements it ...
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
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