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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 ...
Clydesdale Bank (Scottish Gaelic: Banca Dhail Chluaidh) [1] is a trading name used by Clydesdale Bank plc for its retail banking operations in Scotland.. In June 2018, it was announced that Clydesdale Bank plc's holding company, CYBG, would acquire Virgin Money for £1.7 billion in an all-stock deal, and that Clydesdale Bank plc's Clydesdale Bank, Yorkshire Bank and B brands would be phased ...
The current logo of Virgin Money's operations outside the UK. Virgin Money's logo is focused around the main logo of Virgin Group, which is an underlined word 'Virgin' in a red and magenta gradient coloured circle. This logo was introduced in January 2012 to signify the purchase of Northern Rock, which used a magenta logo.
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 ...
The acquisition of Virgin Money was completed on 15 October 2018. [18] In June 2019, CYBG plc announced its plans to consolidate its businesses under the Virgin Money brand. Clydesdale Bank, Yorkshire Bank and B, which exist as trading divisions of Clydesdale Bank plc will begin to use the Virgin Money name in late 2019 with full use planned by ...
The branch operations were eventually returned to private ownership when the branches and other retail operations were acquired by Virgin Group in 2012, being rebranded as Virgin Money the same year. The mortgage book of higher risk assets was renamed Northern Rock (Asset Management) and later " NRAM plc ", [ 4 ] and remained in public ...
In 2007, the Virgin Group acquired a majority stake in the company and renamed it Virgin Money Holdings USA Inc., the American division of Virgin Money. [3] [4] Virgin Money US focused solely on formalizing and servicing loans between friends and family, a business model which differentiated it from later social lending and crowdfunding businesses which encouraged loans between strangers.
The deal is pending regulatory and EU merger approval, and the combined business will operate under the Virgin Money brand. [ 195 ] The deal with Virgin included jobs for 2,100 employees, around a million of Northern Rock's customers, 75 branches and around a £14bn mortgage book and a £16bn retail deposit book.