Vanquis shares plunge as complaints costs soar Banking Specialist lender Vanquis Banking Group said its “turnaround” was “on track” in its annual results despite suffering a loss in 2024. The Bradford-based lender reported a £34.8m loss, a drastic drop from its pre-tax profit of £17.3m in 2023. The cost of dealing with complaints related to the company’s historic lending practices soared and took [...]
Skipton Building Society’s annual results boosted by first-time buyers Banking Skipton Group, which includes the UK’s largest estate agency, Connells and Skipton Building Society, has announced a record return of value to its members after a bumper year at the group. The group’s pre-tax profit fell to £318.6m in 2024, down from £333.4m the year prior. The group cited downward pressure on net interest income [...]
Nationwide banks £2.3bn gain from Virgin Money takeover as profit tumbles Banking Nationwide has bagged a £2.3bn gain from its acquisition of Virgin Money, setting up a windfall for members of Britain’s biggest building society.