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Bid for Virgin Money comes as Labour seeks to double the size of the co-operative and mutual financial services sector
‘Suspended accounts scheme’ would allow trapped cash to be transferred, but liabilities would remain with lenders
The potential merger is not a risk-free proposition
Simon Cooper, once tipped as the next chief executive, departs as bank seeks to boost ailing share price
Raman Bhatia to take up helm in summer following exit of Anne Boden last year
Ministers want to maximise financial institutions’ chances of halting criminal transactions
City stalwart Sir Robin Budenberg spends $455,000 on its shares immediately after lender’s results
Proposed deal would create group with total assets of £366bn
Given sector consolidation was a virtual certainty and Virgin a decent prize, its board could have driven a harder bargain
Charity Commission chief says not-for-profit groups struggling with account closures amid severe pressures on sector
UK regulator to take action after lobby group files ‘super-complaint’ over lenders’ requirements
London-based digital bank raises $430mn from investors including CapitalG and HongShan
UK’s corporate register finds 800 instances of paperwork on 190 businesses from one address last month
First UK high street group to directly back community development finance institutions
Watchdogs’ blessing of significant risk transfers remains decidedly conditional
Data to MPs from 8 lenders show concerns over financial crime and risk appetite among reasons for business account closures
Bank strikes deal to sell $1.1bn worth of debt to private equity firm
Emerging-markets lender announces $1bn stock buyback as fourth-quarter profits surge almost tenfold
A number of high street lenders have increased cost of home loans in recent weeks
Financial Conduct Authority is investigating commissions on car financing deals dating back a decade
Shares close down 8.4% as lender takes several charges in ‘messy’ final quarter of 2023
Weakness in the region makes hefty payouts increasingly difficult to justify
Research by Which? reveals huge disparity between the best and the worst
Pay for bank’s chief CS Venkatakrishnan also drops 13 per cent
Structural hedges and American dreams
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