BoE tells banks to use buffers to support economy
20th Apr 2020 14:26
(Sharecast News) - The Bank of England has told banks to use their liquidity and capital buffers to back customers during the Covid-19 crisis after requiring lenders to cancel dividends to bolster their finances.
Read moreFCA to freeze consumer loan payments in emergency measures
2nd Apr 2020 07:44
(Sharecast News) - The Financial Conduct Authority has asked lenders to introduce loan payment freezes and interest-free overdrafts to support consumers whose finances have been hit by the Covid-19 crisis.
Read moreVirgin Money finance chief Ian Smith resigns
30th Jan 2020 09:01
(Sharecast News) - Virgin Money is looking for a new finance chief after Ian Smith resigned to take up a job overseas.
Read moreFCA questions banks over higher overdraft rates
28th Jan 2020 07:43
(Sharecast News) - The Financial Conduct Authority has asked the big banks to reveal how they arrived at new overdraft rates of about 40% and to show how they will help affected customers after criticism of its rule changes.
Read moreBrexit worries continue to weigh on banks - Virgin Money
28th Jan 2020 07:28
(Sharecast News) - The UK banking market continued to face competitive pressures due to uncertainty over the final Brexit settlement, Virgin Money said on Tuesday.
Read moreVirgin Money chairman Pettigrew to retire by September 2021
24th Jan 2020 07:51
(Sharecast News) - Virgin Money said on Friday that chairman Jim Pettigrew will retire by September 2021, having served nine years on the board.
Read moreFTSE 250 movers: Sports Direct storms, Tullow gushes lower
16th Dec 2019 13:31
(Sharecast News) - London's FTSE 250 soared 1.57% higher at 21,845.34 in afternoon trade on Monday, with Sports Direct leading the index upward.
Read moreFTSE 250 movers: Aston Martin stalls, Tullow recovers
10th Dec 2019 14:08
(Sharecast News) - London's FTSE 250 was 0.60% lower at 20,796.68 in afternoon trade on Tuesday, with Aston Martin Lagonda leading the index downward.
Read moreVirgin Money cancels dividend after loss widens
28th Nov 2019 07:23
(Sharecast News) - Virgin Money, formerly CYBG, suspended its dividend on Thursday as it reported a widened annual loss on the back of higher costs and payment protection insurance (PPI) claims.
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