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Virgin Money was acquired by Nationwide in October for £2.9 billion ($3.7 billion). Under an obscure license exit fee, founder Richard Branson was expected to pocket $320 million so Nationwide ...
Virgin Money vastly increased its size and customer base in 2012 with the purchase of the so-called 'good bank' portion of the nationalised Northern Rock bank. In 2018, the entire UK operation of Virgin Money was sold to CYBG plc in a £1.7bn all-share deal which made the group the sixth-largest bank in the UK. [2]
Virgin Money SA launched their Spot app cashless platform in February 2018. [5] As of July 2019 the Spot app had 400,000 users. [6] Following the discontinuation of the Virgin Money South Africa credit card, [7] the company and app was acquired by its management and a local private equity company, [8] and renamed Spot Money. [9]
A bureau de change is a business which, in competition with other similar businesses, makes its profit by buying foreign currency and then selling the same currency at a higher exchange rate. It may also charge commission or fee on the purchase or sale.
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A Virgin Money store on Briggate in Leeds Interior of Virgin Money's Manchester lounge. Virgin Money's logo is focused around the main logo of Virgin Group, which is an underlined word 'Virgin' in a red circle. The most recent version of the logo was adopted in December 2019 and has the word "Virgin" in a red circle forming the letter O in the ...