Virgin Money

Ian Smith, group chief financial officer (CFO) of Virgin Money UK PLC, will join Nordea as group CFO and head of group finance. Mr Smith will also become a member of the group leadership team.

Virgin Money has reported an 0.8% quarter-on-quarter decline in its mortgage lending to £59.6 billion in the three months to the end of December. Attributed to a highly competitive mortgage market, the decline follows a change in strategy at the challenger bank last year when bosses made the d

Clydesdale Bank owner Virgin Money has begun its search for a new chairman after Dundee-born financial services veteran Jim Pettigrew announced his plans to retire by September 2021. The Glasgow-based group said that the board has initiated a search process to allow time to identify his successor an

A pay row is brewing at Virgin Money over the bonuses paid to executive directors, with chief executive David Duffy, the former Clydesdale boss, set to pocket £5.1 million this year, despite the challenger bank reporting a loss and making the decision to drop its dividend. Proxy group Ins

Beeks Financial Cloud Group has appointed Virgin Money's Graeme Marsh as chief information security officer. Beeks Financial Cloud is a cloud computing and connectivity provider for financial markets.

Virgin Money has posted a loss after tax of £194 million alongside an accommodation of £385m to pay for the PPI scandal. The results, which are Virgin Money's first as a combined business with CYBG, also detailed an underlying profit of £539m down 7% due to higher impairments from

The first tranche of Virgin Money branches will open next month as the company phases out the Glasgow-headquartered Clydesdale Bank brand. CYBG will open its new Virgin money stores in Manchester, Birmingham and London in December.

Virgin Money has been hit with a bill of £450m from PPI mis-selling compensation. The bill is expected to deepen the firm's multi-million-pound losses, which will significantly impact its expansion plans.

Clydesdale Bank owner CYBG has announced that it will close the former Virgin Money HQ in Edinburgh. The closure is part of a restructuring effort which will result in around 330 jobs being lost.

CYBG has reported strong progress in its first six months since its acquisition of Virgin Money last October, with pro forma underlying pre-tax profits up to £286 million. Following the acquisition, CYBG is the UK's sixth largest bank with over six million customers, serving both retail and SM