Nationwide, Virgin Money directors back £2.9 billion deal Directors at Nationwide Building Society and takeover target Virgin Money said today they would "unanimously" recommend the proposed £2.9 billion deal to independent Virgin Money shareholders. Business • 21 Mar 24
Nationwide, Virgin Money directors back £2.9 billion deal Directors at Nationwide Building Society and takeover target Virgin Money said today they would "unanimously" recommend the proposed £2.9 billion deal to independent Virgin Money shareholders. Business • 21 Mar 24
Virgin Money reports jump in annual profit British lender Virgin Money has today reported a 43% increase in full-year profit, as Bank of England rate rises lifted its finances ahead of a likely prolonged economic downturn. Business • 21 Nov 22
Virgin Money reports jump in annual profit British lender Virgin Money has today reported a 43% increase in full-year profit, as Bank of England rate rises lifted its finances ahead of a likely prolonged economic downturn. Business • 21 Nov 22
Interview - David Duffy David Duffy has worked in a variety of banks, from Goldman Sachs to ING, before moving to AIB after the recession began. Business • 14 Apr 22
Interview - David Duffy David Duffy has worked in a variety of banks, from Goldman Sachs to ING, before moving to AIB after the recession began. Business • 14 Apr 22
Virgin Money revives dividend, targets cost saving Virgin Money UK has today reinstated its dividend as earnings recovered from the Covid-19 pandemic, with the bank setting new medium-term growth targets for margins and cost savings. Business • 04 Nov 21
Virgin Money revives dividend, targets cost saving Virgin Money UK has today reinstated its dividend as earnings recovered from the Covid-19 pandemic, with the bank setting new medium-term growth targets for margins and cost savings. Business • 04 Nov 21
Virgin Money profit slumps on £500m bad loan charge Virgin Money UK has today reported a 77% drop in annual underlying pre-tax profit, as it took a £501m impairment charge against an expected surge in bad loans in Britain's coronavirus-driven economic downturn. Business • 25 Nov 20
Virgin Money profit slumps on £500m bad loan charge Virgin Money UK has today reported a 77% drop in annual underlying pre-tax profit, as it took a £501m impairment charge against an expected surge in bad loans in Britain's coronavirus-driven economic downturn. Business • 25 Nov 20
Virgin Money rebrand to start across banking group Virgin Money is kick-starting a rebranding process which will allow all customers in its group to be offered its full range of services. Business • 21 Oct 19
Virgin Money rebrand to start across banking group Virgin Money is kick-starting a rebranding process which will allow all customers in its group to be offered its full range of services. Business • 21 Oct 19
Clydesdale targets extra cost savings from Virgin deal Clydesdale and Yorkshire Bank owner CYBG has said it will fire the starting gun on its rebrand to Virgin Money this year as it increased cost-savings targets from the £1.7 billion takeover. Business • 19 Jun 19
Clydesdale targets extra cost savings from Virgin deal Clydesdale and Yorkshire Bank owner CYBG has said it will fire the starting gun on its rebrand to Virgin Money this year as it increased cost-savings targets from the £1.7 billion takeover. Business • 19 Jun 19
Brexit chill and insurance scandal hit UK bank CYBG UK bank CYBG said it would take another £150m charge related to an industry-wide scandal over mis-sold insurance policies, sendings its shares down as much as 10% today. Business • 20 Nov 18
Brexit chill and insurance scandal hit UK bank CYBG UK bank CYBG said it would take another £150m charge related to an industry-wide scandal over mis-sold insurance policies, sendings its shares down as much as 10% today. Business • 20 Nov 18
CYGB in deal to buy Virgin Money for £1.7 billion Mid-sized British bank CYBG has agreed a £1.7 billion all-share deal to acquire Virgin Money after over a month of talks. Business • 18 Jun 18
CYGB in deal to buy Virgin Money for £1.7 billion Mid-sized British bank CYBG has agreed a £1.7 billion all-share deal to acquire Virgin Money after over a month of talks. Business • 18 Jun 18
Clydesdale Bank owner's profit hit by revamp costs Clydesdale Bank owner CYBG, which also runs Yorkshire Bank, said today it was hit by one-off restructuring costs in the first half of the year, knocking its profit. Business • 16 May 17
Clydesdale Bank owner's profit hit by revamp costs Clydesdale Bank owner CYBG, which also runs Yorkshire Bank, said today it was hit by one-off restructuring costs in the first half of the year, knocking its profit. Business • 16 May 17
ESRI's Duffy new CEO of Property Industry Ireland The Economic and Social Research Institute's David Duffy has been appointed the new chief executive of Property Industry Ireland. Business • 30 Sep 16
ESRI's Duffy new CEO of Property Industry Ireland The Economic and Social Research Institute's David Duffy has been appointed the new chief executive of Property Industry Ireland. Business • 30 Sep 16
Clydesdale Bank delays IPO after ratings question National Australia Bank has delayed the float of Clydesdale Bank by 24 hours to update its listing prospectus after a request for more information from a rating agency. Business • 02 Feb 16
Clydesdale Bank delays IPO after ratings question National Australia Bank has delayed the float of Clydesdale Bank by 24 hours to update its listing prospectus after a request for more information from a rating agency. Business • 02 Feb 16
Byrne takes up AIB chief executive job AIB has announced the appointment of Bernard Byrne as its chief executive with immediate effect. Business • 29 May 15
Byrne takes up AIB chief executive job AIB has announced the appointment of Bernard Byrne as its chief executive with immediate effect. Business • 29 May 15
Clydesdale Bank half yearly profits jump 53% Clydesdale Bank has today reported a 53% jump in first-half pre-tax profit as the Glasgow-based lender benefited from a one-off gain from capital restructuring last year. Business • 15 May 15
Clydesdale Bank half yearly profits jump 53% Clydesdale Bank has today reported a 53% jump in first-half pre-tax profit as the Glasgow-based lender benefited from a one-off gain from capital restructuring last year. Business • 15 May 15
AIB says it remains profitable in first quarter AIB has said it remained profitable in the first three months of the year on the back of an improving economy in both Ireland and the UK. Business • 01 May 15
AIB says it remains profitable in first quarter AIB has said it remained profitable in the first three months of the year on the back of an improving economy in both Ireland and the UK. Business • 01 May 15
AIB set to name Byrne as new CEO - reports AIB intends to promote its retail and business unit head Bernard Byrne to become the bank's new chief executive, Bloomberg reports. Business • 24 Apr 15
AIB set to name Byrne as new CEO - reports AIB intends to promote its retail and business unit head Bernard Byrne to become the bank's new chief executive, Bloomberg reports. Business • 24 Apr 15
AIB reports first full year profit since 2008 AIB made a pre-tax profit of €1.1 billion last year compared to a €1.7 billion loss in 2013. Business • 05 Mar 15
AIB reports first full year profit since 2008 AIB made a pre-tax profit of €1.1 billion last year compared to a €1.7 billion loss in 2013. Business • 05 Mar 15
AIB's CEO David Duffy to leave for Clydesdale job AIB chief executive David Duffy is stepping down to take over National Australia Bank's troubled UK business. Business • 19 Jan 15
AIB's CEO David Duffy to leave for Clydesdale job AIB chief executive David Duffy is stepping down to take over National Australia Bank's troubled UK business. Business • 19 Jan 15
AIB CEO prefers gradual sale of Government stake AIB's chief executive said the best way to return the bank to private ownership would be through a number of sales, not just one. Business • 13 Nov 14
AIB CEO prefers gradual sale of Government stake AIB's chief executive said the best way to return the bank to private ownership would be through a number of sales, not just one. Business • 13 Nov 14
AIB's operating performance ahead of expectations AIB has approved €9 billion in lending between January and September, up 39% on the same time last year. Business • 10 Nov 14
AIB's operating performance ahead of expectations AIB has approved €9 billion in lending between January and September, up 39% on the same time last year. Business • 10 Nov 14
AIB, BoI and Ulster Bank pass ECB test Finance Minister Michael Noonan has said the the ECB's Comprehensive Assessment overall confirms the strength of Irish banking system. Business • 28 Oct 14
AIB, BoI and Ulster Bank pass ECB test Finance Minister Michael Noonan has said the the ECB's Comprehensive Assessment overall confirms the strength of Irish banking system. Business • 28 Oct 14
AIB says legal letters resulted in 'engagement' Half of the 6,600 legal letters sent out by AIB to borrowers in arrears of 90 days or more have resulted in engagement with the bank by the borrowers. Business • 19 Jun 14
AIB says legal letters resulted in 'engagement' Half of the 6,600 legal letters sent out by AIB to borrowers in arrears of 90 days or more have resulted in engagement with the bank by the borrowers. Business • 19 Jun 14
AIB returns to profitability in first quarter AIB said it had returned to profitability during the first quarter of 2014 on the back of continued income growth and further cost cuts. Business • 12 May 14
AIB returns to profitability in first quarter AIB said it had returned to profitability during the first quarter of 2014 on the back of continued income growth and further cost cuts. Business • 12 May 14
EU approves Government aid for AIB The European Commission has approved billions of euros of Government restructuring aid for AIB. Business • 07 May 14
EU approves Government aid for AIB The European Commission has approved billions of euros of Government restructuring aid for AIB. Business • 07 May 14
AIB's Duffy stresses need for engagement AIB chief executive David Duffy has told the Oireachtas Finance Committee that engagement is the "key that unlocks the conundrum for most distressed borrowers". Business • 09 Apr 14
AIB's Duffy stresses need for engagement AIB chief executive David Duffy has told the Oireachtas Finance Committee that engagement is the "key that unlocks the conundrum for most distressed borrowers". Business • 09 Apr 14
