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Virgin Money
Virgin Money may refer to: * Virgin Money (brand), a financial services brand owned by Virgin Group * Virgin Money UK, a British banking and financial services company owned by Nationwide Building Society Nationwide Building Society is a British mutual financial institution and the largest building society in the world. As of 2024, it serves over 16 million members and operates entirely for their benefit, without shareholders. The society was e ... * Virgin Money Australia, an Australian banking and financial services company owned by the Bank of Queensland * Virgin Money US, a former US loans company {{Disambiguation ...
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Virgin Money UK
Virgin Money UK plc (formerly CYBG plc) is a British banking and financial services company. It has been owned by Nationwide Building Society since 1 October 2024. The Virgin Money (brand), Virgin Money brand was founded by Richard Branson in March 1995. It was originally known as Virgin Direct, and pioneered index tracking by launching a value personal equity plan into the market. In the 2000s Virgin Money expanded its operations around the world. Virgin Money announced plans to become a retail bank, and attempted to purchase Northern Rock in 2007 before it was nationalised by the Government of the United Kingdom, British Government. Virgin applied for its own banking licence from the Financial Services Authority in 2009, and gained one through the acquisition of Church House Trust the following year. Virgin bought Northern Rock in January 2012 and rebranded the business as Virgin Money. In June 2018, Virgin Money agreed to a takeover by CYBG plc (formed by National Australia ...
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Virgin Money (brand)
Virgin Money is a financial services brand used by two independent brand-licensees worldwide from the Virgin Group. Virgin Money branded services are currently available in Australia and the United Kingdom. The brand formerly operated in South Africa and the United States. Each Virgin Money branded entity acts independently from the others, thus the products vary from country to country. Current brand licensees Virgin Money Australia Virgin Money currently has operations in Australia with 150,000 customers and is owned by Bank of Queensland. Virgin Money UK Virgin Money currently has operations in the United Kingdom. The company was initially established as a personal finance company under the name of Virgin Direct in 1995, and the Virgin Money brand itself was introduced in 2000. 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 ...
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Nationwide Building Society
Nationwide Building Society is a British mutual financial institution and the largest building society in the world. As of 2024, it serves over 16 million members and operates entirely for their benefit, without shareholders. The society was established through the consolidation of over 250 smaller UK building societies throughout the 20th century, making it one of the most significant mutual mergers in British financial history. Headquartered in Swindon, England, Nationwide offers a wide range of retail banking services including mortgage loan, mortgages, savings accounts, current accounts, credit cards, personal loans, and insurance products. Nationwide is one of the largest cooperative banking, cooperative financial institutions globally. As of June 2025, it reported total assets of £367.9 billion and employed 17,680 people. It operates 605 branches across the United Kingdom which is more than any other UK banking brand and it reaffirmed in 2024 its "Branch Promise" to main ...
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Virgin Money Australia
Virgin Money Australia is an Australian financial services company owned by Bank of Queensland, and has 150,000 customers. History Foundation In 2003, Virgin Money was launched in Australia with the launch of Virgin Money credit cards. Virgin Money Australia initially launched in partnership with Macquarie Bank, followed by Westpac under a five-year agreement. At the time of Virgin Money's launch in Australia the group company that combined the Virgin Money UK and Australian operations was co-owned by Virgin Group and HHG Group. In 2004 100% ownership of that UK/Australia group company was acquired by Virgin Group for AU$219 million. First products It added superannuation (2005) and home loans (2008) to their product suite. The card was Australia's first no annual fee credit card. The card was marketed as a cheaper option to most other credit cards with up to 55 interest-free days and an interest rate of 12.99% (April 2007). Customers were entitled to offers through the cr ...
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