Ranked: The best banks for customer service? Monzo and Starling steam ahead August 15, 2023 Which banks are the best for customer service? A new official ranking has been produced by the consumer regulator
Steady as she goes: Virgin Money launches further buyback after solid third quarter August 2, 2023 Virgin Money’s margin remained stable, despite increasing competition in the market, as Richard Branson’s bank said it anticipates a £175m share buyback at its end of year results. The challenger bank launched a £50m buyback today, after it passed the Bank of England’s stress test, and expects to deliver a £125m buyback with its full [...]
Virgin Money to shut 39 bank branches with 255 staff facing redundancy July 20, 2023 Virgin Money is to shut almost a third of its bank branches, with 255 workers facing potential redundancy. The high street banking business said it will shut 39 local banks due to changing customer demand, which has seen fewer people go into banks in favour of online services. The sites affected have seen the number [...]
Dame Jayne-Anne Gadhia: Menopause, Richard Branson and carving out a path for women’s success in the City July 6, 2023 Dame Jayne-Anne Gadhia speaks with City A.M. on Richard Branson, the menopause and carving out a path for women's success in the City
MPs pile pressure on banks as savings offers lag interest rate hikes June 8, 2023 MPs said that lenders must “up their game” and pass on higher rates to savers as bank bosses responded to an inquiry on the “measly” rates on offer. The influential Treasury Committee pointed to low rates on offer for easy access accounts across the UK’s ‘scale challengers’, Nationwide, TSB, Virgin Money and Santander. According to [...]
Nationwide, Santander, TSB and Virgin Money probed over ‘measly’ savings rates May 10, 2023 An influential parliamentary body has expanded its inquiry into the low savings rates paid by the UK’s retail banks, describing the current rates on offer as “measly”. Having investigated the UK’s four largest retail banks, MPs at the Treasury Committee have now sent letters to Nationwide, Santander, TSB and Virgin Money. These lenders account for [...]
Virgin Money shares slide as profit falls by a quarter on higher provisions for bad loans May 4, 2023 Virgin Money’s pretax profit slipped by a quarter in the six months to March as the bank set aside more funds to cope with expected impairment losses. Richard Branson’s challenger bank recorded £144m in provisions for bad loans compared to just £21m in the same period last year. Its shares were trading over five per cent [...]
London Marathon: 45 Guinness World Records smashed including for runners dressed as a boxer and 3D dinosaur April 24, 2023 Tens of thousands of people braved the pouring rain to complete what is likely to have been the largest London Marathon in history and which also saw a new top time in the men’s elite race. Some 49,675 runners registered for this year’s race, up from the previous record of 43,199 in 2019 – and around 48,000 [...]
Kelvin Kiptum breaks London Marathon record as Mo Farah bows out April 23, 2023 Kenya’s Kelvin Kiptum smashed the course record to win the elite men’s race at the London Marathon as Mo Farah bowed out of the 26-mile distance. Olympic 5,000m and 10,000m champion Sifan Hassan also provided fireworks in the women’s elite race, the Dutchwoman overscoming cramp to win in her first ever marathon. Kiptum’s time of [...]
Extinction Rebellion ‘expects up to 50,000 protesters’ on day of London Marathon April 21, 2023 Extinction Rebellion has promised to avoid disrupting the London Marathon as it prepares for “40,000 to 50,000” activists to protest in the capital while the race is on. The group is staging a four-day protest outside Parliament Square from Friday but has been in talks with the marathon race director to ensure minimal disruption. Earlier [...]