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...
UK banks can withstand fresh crisis, key test finds
UK banks are strong enough to withstand a fresh economic crisis, according to The Bank of England.
In its Stress Test of the financial system, The Bank said the UK's eight largest lenders could survive a Worst Case scenario of plunging house prices, a deep recession and soaring inflation.
It also said that the country has " So Far been resilient" to rapidly rising interest rates.
But some households and firms " may struggle with repayments" on loans.
The Bank has raised interest rates from 0. 1% in December 2021 to 5% in an effort to bring down inflation. But it has lifted households' costs, including higher monthly mortgage payments.
Despite customers being under more pressure, lenders are " resilient and are strong enough to support their customers"
The Report also showed the result of a " Stress Test " on UK banks and building societies to see if they could withstand catastrophic economic conditions including house prices falling by 31%, the unemployment rate increasing to 8. 5% and inflation rising to 17%.
The Banks and building societies that have been tested include: Barclays, Lloyds, HSBC, NatWest, Santander Uk , Standard Chartered , Nationwide Building Society and Virgin Money .
Related TopicsSource of news: bbc.com
