Record 267 bank branches were closed across UK within just three months Financial services Data from the Financial Conduct Authority (FCA) shows that 267 bank and building society branches were closed permanently between April and June of this year, leaving the overall network 4.55 per cent smaller at 5,599. The closures meant less than two-thirds of the UK population (60.1 per cent) are now within 2km of a bank [...]
Virgin Money restructuring plans push shares down 7 per cent Virgin Money restructuring plans push shares down 7 per cent Shares in Virgin Money have fallen 7.3 per cent this afternoon after the digital bank revised its strategy to include an expensive cost-cutting exercise. In an unscheduled trading update the lender unveiled plans to “accelerate” its switch to digital banking services, but warned of the cost-cutting exercise this would incur over the next three years [...]
Weekend of achievements: 30 fun new world records set at London Marathon A Londoner can boast she is now the fastest woman to finish a marathon in a cake, having competed in this year’s London Marathon. The effort by Anna Bassil, 42, of St Albans, is among 30 official Guinness World Records (GWR) titles which were broken as the Virgin Money London Marathon returned after last year’s [...]
Jepkosgei and Lemma triumph as fans return to the London Marathon October 3, 2021 Joyciline Jepkosgei and Sisay Lemma won the women’s and men’s London Marathons for the first time as British junior doctor Phil Sesemann shocked the field to finish seventh. Over 40,000 took part in today’s Marathon, and 50,000 completed the race virtually, as crowds returned to the streets of the capital for the first time since [...]
Virgin Money store closures latest in long line of banks and lenders shutting branches September 30, 2021 Virgin Money’s latest tranche of branch closures, announced this morning, comes after swathes have been shut across the banking sector in recent months. The move to axe nearly a fifth of Virgin Money’s branch network – 31 stores with 112 jobs at risk – comes as rival HSBC also calls time on the last of [...]
112 jobs at risk at Virgin Money as it closes 31 stores across UK September 30, 2021 Virgin Money has announced plans to close 31 stores as it adapts to changing customer demand, the company said this morning. “Virgin Money regularly reviews the ways customers use its stores, as well as its online, mobile and telephone channels, so that it can adapt its services to meet changing customer demand,” the firm said. [...]
Lend your support to City A.M.’s London Marathon runner and help charity Give Them A Sporting Chance September 22, 2021 City A.M. hit the streets again this week and thousands of runners are preparing to do the same at the London Marathon next month. Among them will be City A.M.’s own representative George Reed, who is raising money for Give Them A Sporting Chance, a charity that helps carers and those with disabilities of all [...]
Virgin Money Giving to be shut down after London marathon August 27, 2021 Virgin Money Giving, a not-for-profit fundraising platform, will close at the end of November, shortly following the London marathon, which it will no longer sponsor after this year. The bank said 26 jobs would be lost as a result of the closure which was decided after a strategic review of Virgin Money Giving was conducted. [...]
London Marathon 2022 will move from traditional April date for third year running August 18, 2021 The London Marathon 2022 has for the third year running moved from its traditional April date. It will take place in October as organisers say they are looking to minimise the impact of the Covid-19 pandemic on the landmark race. Traditionally in April, both the 2020 and 2021 editions of the race had to be [...]
Watchdog warns Monzo and NatWest over banking transaction history breaches June 22, 2021 Britain’s competition watchdog has issued a warning to banks including Monzo and NatWest over breaching rules requiring them to send banking transaction histories to former account holders. Nearly 150,000 customers were not provided with the necessary information quickly enough, the Competition and Markets Authority (CMA) said today. Monzo was responsible for the largest portion of [...]