Virgin Money Financial News

14.02 / 13:51

companies Abrdn Platforms Virgin Money stake abrdn takes 60% haircut on Virgin Money stake as bank assumes full ownership of investment venture

Then-ASI purchased a 50% stake in the joint venture for £40m plus capital adjustments of £10m, for a total sum of £50m, which has been purchased by Virgin Money for £20m, a 60% discount on the original purchase price.

23.11 / 18:23

Waves Cooper CEO Platform Fighting Strategy voice Virgin Money Virgin Money plans $250m barricade against AI-powered cybercrime wave

London | ASX-listed British challenger bank Virgin Money will spend £130 million ($250 million) in the next three years to armour-plate itself againsta coming wave of AI- and quantum-enabled fraud and cybercrime.

31.07 / 07:37

Virgin Money Ex-Virgin Money boss Dame Jayne-Anne Gadhia sells money saving app Snoop to Vanquis

Former Virgin Money boss Dame Jayne-Anne Gadhia has sold her money saving app Snoop to specialist bank Vanquis.

20.07 / 19:53

UPS MET Digital Williams Mobile Kingstone Virgin Money Virgin Money announces major branch closures in UK; Here’s the list of all impacted sites

Virgin Money is set to close nearly a third of its branches, citing «changing customer demand.» The decision may lead to some staff facing redundancy, though the company aims to redeploy some affected employees. The Unite union estimates up to 260 jobs could be lost as a result of the closures. This move is part of cost-cutting measures that have seen many high-street lenders shut down thousands of branches since the financial crisis. Virgin Money's branch closures are driven by the industry's belief that online and mobile banking services have reduced the demand for traditional branch services. After completing the closure program by the end of the year, Virgin Money will be left with only 91 sites.

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