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Tag: Virgin Money

Bank shake-up

Virgin Money to lose senior executives in cost plan

Virgin Money
Virgin Money is focusing on its digital plan Virgin Money is removing a number of executive posts as it trims its cost base and focuses on its digital strategy.  GavinRead More

Energy deal

Hydro sales extend Virgin Money low carbon portfolio

Munergie-hydro-scheme
Munergie hydro scheme Two hydro schemes in the Highlands have been sold to an acquisitions vehicle set up to invest in low carbon energy projects. Foster Turner Hydro, a jointRead More

Daily Business Live

FTSE 100 surges; Virgin Money; ITV; Boohoo; Omega; OSB

Virgin Money
REFRESH PAGE FOR UPDATES 9.30pm: Dow hits new high The Dow Jones Industrial Average ended at a record high on Wednesday, while a tech sell-off left the Nasdaq lower. TheRead More

Synergies lifted to £150m

Clydesdale Bank owner CYBG raises its savings target

David Duffy
David Duffy: good start to the year   CYBG, owner of Clydesdale Bank and Virgin Money, has raised its cost savings target from the merger to £150 million by theRead More

Backlash at CYBG AGM

Shareholders revolt over Clydesdale bonus plan for Duffy

David Duffy
David Duffy: bonuses would more than double his total remuneration package   Executive pay at Clydesdale and Yorkshire banks came under fire at parent company CYBG’s AGM where more thanRead More

Merged bank unveils first figures

CYBG falls to after-tax loss following £352m PPI hit

David Duffy
David Duffy: ‘disappointing’   Shares in Clydesdale Bank and Virgin Money owner CYBG slid 17% after it announced a loss after tax of £145 million as a result of legacyRead More

Change at top of banks

Crosbie quits CYBG to take up CEO role at TSB

Debbie Crosbie
Debbie Crosbie: new challenge (pic: Terry Murden)   Debbie Crosbie is stepping down as group chief operating officer at Clydesdale Bank and Virgin Money owner CYBG to take over asRead More

Bank deal backed

Shareholders back Clydesdale Virgin merger

Virgin Money flag 2
Shareholders have voted overwhelmingly to support the merger of Clydesdale and Yorkshire banks with Virgin Money.

Gadhia to leave after 18 months

Virgin chief in line for big pay-off in CYBG takeover

Jayne-Anne Gadhia of Virgin Money
Jayne-Anne Gadhia, chief executive of Virgin Money, will receive a multi-million pound pay-off

Merger progressing as planned

CYBG on course to complete Virgin deal by year end

Clydesdale note 2
CYBG said its planned merger with Virgin Money is progressing as planned and it expects the deal to