Move by new chief Paul Thwaite comes day after UK government announced reduced stake in bank
State’s stake in British high street bank bailed out in financial crisis has now fallen below 30%
Building society has hurdles to overcome to make £2.9bn acquisition pay off
Companies confirm details outlined this month to form challenger to UK’s biggest banks
BNP Paribas and Deutsche Bank reduce bonus pool but industry expects upswing in activity this year
FTSE 250 merchant bank takes ‘prudent’ measures to strengthen its balance sheet amid FCA review
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
International Edition