Outgoing Virgin Money boss set for bumper payday despite bank’s plunge in value May 19, 2024 David Duffy stands to have made up to £30m from his tenure as chief executive of Virgin Money by the time he retires from the role after six years following the bank's takeover by Nationwide.
Richard Branson: Virgin founder’s net worth gets a boost from Virgin Atlantic’s growth May 19, 2024 Richard Branson has seen his net worth hold steady as growth has returned to his Virgin Group.
Virgin Money faces potential shareholder revolt over £2.9bn Nationwide deal May 14, 2024 Virgin Money shareholders could be getting a better deal as part of the £2.9bn takeover bid from Nationwide, analysts have said ahead of a vote on the offer next week.
Virgin Money reports ‘subdued market’ for mortgage lending as higher rates put off borrowers May 14, 2024 Virgin Money has reported lending growth across its target areas but a downtick in mortgage balances as it prepares for a mega merger with Nationwide.
Virgin Money’s largest investor slams board for £2.9bn Nationwide deal May 12, 2024 Virgin Money's largest independent investor has slammed the bank's board for accepting a bid from Nationwide, saying it is "likely to sell shareholders very short".
Nationwide called out over ‘sneaky’ tactics in £2.9bn Virgin Money deal May 6, 2024 A senior figure in the House of Lords has accused Nationwide of using "sneaky" tactics in its £2.9bn bid to buy Virgin Money.
Takeover bids, millionaire CEOs and angry members: Building societies are looking a lot like the big banks May 1, 2024 Runaway profits, big-ticket acquisitions and bumper executive pay rises, Britain's building societies are starting to look a lot like banks.
Nationwide and Virgin Money face mounting opposition to £2.9bn merger April 16, 2024 Nationwide's bid to acquire high-street rival Virgin Money is facing mounting opposition from members and analysts ahead of a shareholder vote.
How Sir Richard Branson’s Virgin Group makes money and what it’s worth today March 21, 2024 City A.M. has taken a look at what Virgin Group still owns and what companies pay to use the brand's name.
Richard Branson ‘set for £650m payout’ from potential Nationwide takeover of Virgin Money March 10, 2024 Sir Richard Branson is set to receive upwards of £650m from a potential takeover of his challenger bank Virgin Money by Nationwide, it has been estimated.