Virgin Money
| Use attributes for filter ! | |
| Founded | 1995 |
|---|---|
| Founders | Richard Branson |
| Areas served | United Kingdom |
| Australia | |
| South Africa | |
| Type of business | Privately held company |
| Private company limited by shares | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 644469 |
About Virgin Money
Virgin Money is a financial services brand used by three independent brand-licensees worldwide. Virgin Money branded services are currently available in Australia, South Africa and the United Kingdom. Virgin Money branded services were formerly offered in the United States.
Vogue editor Edward Enninful named UK's most powerful black person
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HS2: 'Crazy' not to review project over soaring costs - Shapps
... The bosses of dozens of businesses and business groups - including Manchester Airports Group, British Land, Virgin Money, and the Northern Powerhouse - all signed a letter to the government urging renewed commitment to HS2, saying that repeated mixed signals are damaging the UK s reputation and the wider supply chain...
HS2: Johnson warns against 'mutilated' version of HS2
... The bosses of dozens of businesses and business groups - including Manchester Airports Group, British Land, Virgin Money, and the Northern Powerhouse - have all signed the letter to the government urging renewed commitment to HS2, saying that repeated mixed signals are damaging the UK s reputation and the wider supply chain...
Virgin Money to shut a third of its UK bank branches
...By Faarea MasudBusiness reporterVirgin Money will close 39 of its UK banks as fewer people use bricks and mortar branches and move to online banking, the firm said...
UK banks can withstand fresh crisis, key test finds
... The banks and building societies that have been tested include: Barclays, Lloyds, HSBC, NatWest, Santander UK, Standard Chartered, Nationwide Building Society and Virgin Money...
UK banking rules face biggest shake-up in more than 30 years
... Reforms of ring fencing are aimed at mid-size banks such as Virgin Money and TSB...
Fraud victims 'devastated' by Revolut's response
... I m wiped out Deborah, a dog groomer in North Yorkshire, had given her Virgin Money bank details to a fraudulent website that she thought was legitimate while online shopping...
Mortgage rates rise sharply as squeeze tightens
... In recent days, major lenders such as NatWest, Nationwide and Virgin Money have increased their rates...
The industry's bill for PPI claims by £53bn could meet
The payment protection insurance (PPI) scandal could cost Banks £53bn, according to a forecast, as the company warned of mounting bills receivables.
Dominic Lindley of New City Agenda, made the estimate as CYBG warned of a potential £450m bill for new claims. Shares fell 21% to a record low.
The owner of the Clydesdale, Yorkshire and Virgin Money made an "unprecedented" amount of complaints triggered by the 29 August deadline for claims.
Other Banks also expect higher costs.
Royal Bank of Scotland, owner of NatWest, said on Wednesday there is a £900m could be responsible, while Co-operative Bank, said on Thursday it was with the assessment of their costs.
Mr Lindley, who has said a line hold list at the think-tank: "This means That the total number of the provisions of the Banks £53bn could reach. "
He believes That The Bank was able to announce with the biggest account, Lloyds Banking Group, an additional provision of £2bn, while Barclays set aside could be as much as £1 billion More .
Neither Klarna yet Barclays was unable to comment on the speculation.
The FCA display urged to make customers ' claims, before the 29 August deadlineThe Financial Conduct Authority set to try is the deadline for PPI claims in order to 23:59 on 29 August, against The Wave of claims.
policies were sold mis-to people who borrow money, But you do not have to be The Cover or not be able to use it.
PPI is designed to protect borrowers, if you had an accident, become sick or lost your job.
do not understand But in millions of cases, the policyholder what you pay for or That you may not be covered.
The deadline triggered a wave of publicity and fresh claims, depending on the industry.
CYBG, the Virgin Money bought in the last year, received he said More Than eight months worth of requests for information about possible claims in only a month, with approximately 340,000 in the aggregate over five weeks.
about 120,000 of these received in the last Three Days have been.
he said, There is also a continuing increase in complaints during the same period received, with an average of 5,000 per week during The First four weeks of August, and a further approximately 22,000 complaints during the last Three Days .
The typical compensation award over the industry is running at More Than £2,000, But some people have been sent to tens of thousands.
Co-op Bank on Thursday said it had. "received a significantly larger volume of inquiries and complaints than expected in the last days before the period for lodging a complaint" and the assessment was the impact on the costs for the processing and payment of claims
Mr Lindley, said the last-minute spike in PPI complaints would have "a significant impact on the Banks when they announce their next financial Results ".
Ian Gordon, analyst at Investec, said The Announcement of CYBG "was really shocking in terms of the damage to be expected".
He pointed out That £current stock market is 400m in 20% of the CYBG course. He assumed now, That The Bank will not distribute dividends for this year.
CYBG-share fell by 20% to 110p - the lowest level
co-operative bank, cybg, companies, banking, ppi, virgin money uk
Source of news: bbc.com
