Virgin Money UK

Virgin Money is a brand name for banking and business services in the UK.

Richard Branson started the Virgin Money brand in March 1995. It was first called Virgin Direct and was the first company to use index tracking by putting out a value personal equity plan. In the 2000s, Virgin Money grew and started doing business in more places. Virgin Money said it wanted to become a private bank. In 2007, before the British government took over Northern Rock, it tried to buy it. In 2009, Virgin asked the Financial Services Authority for its banking license. The following year, it got one when it bought Church House Trust. In January 2012, Virgin bought Northern Rock and changed the business's name to Virgin Money.

In June 2018, Virgin Money decided to be taken over by CYBG plc. This took place in October 2018. On October 21, 2019, Virgin Money became a part of Clydesdale Bank plc. It will keep its name and use Clydesdale Bank plc's banking license. The Clydesdale Bank, Yorkshire Bank, and B names will be phased out by Virgin Money UK plc in favor of the Virgin Money brand.

Founded: 1995

Headquarter: Newcastle Upon Tyne, England, UK

Website: https://uk.virginmoney.com/