Virgin Money plc is a UK-based financial and banking services company owned by Virgin Group and founded by Richard Branson in March 1995. It was originally known as Virgin Direct . In the 2000s, Virgin Money expanded its operations around the world.
Virgin Money has announced its intention to become a retail bank and tried to buy Northern Rock in 2007 before being nationalized by the UK government. Virgin applied for its own banking license with the Financial Services Authority in 2009 and won one through the acquisition of Church House Trust the following year. Virgin bought Northern Rock in January 2012 2 . Virgin Money is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index .
- ↑ a , b and c Reference error:
<ref>Incorrect tag ; no text was provided for named references
- ↑ ” UK sells Northern Rock to Virgin despite protest ” [ archive ] , Reuters , (accessed on 1 st January 2012 )