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Companies confirm details outlined this month to form challenger to UK’s biggest banks
Bid for Virgin Money comes as Labour seeks to double the size of the co-operative and mutual financial services sector
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
Retail bank is tightening metric that underpins as much as 40% of rewards
Bank’s conservative stance on the economy is well founded, as is the market’s caution with the shares
Challenger bank reports drop in earnings as cost of living crisis is set to drive up credit card arrears
NatWest, Halifax and Virgin Money become the latest home loan providers to reduce cost of borrowing on some products
Retail lender’s interim results underscored why it trades at 36% of its tangible book value
Funds set aside offset UK lender’s revenue boost from rising interest rates
Companies analysis from our sister publication
A conservative FY result, without need of extra loan provisioning, shows lender has grown up
Shares of UK’s sixth-largest lender climb 16% in early morning trading
The crisis has made the UK poorer; we must use targeted help plus windfall and solidarity taxes to get through the worst
End of stamp duty tax break and competition take toll but FTSE 250 group forecasts strong year ahead
UK bank says footfall has dropped as customers shift to digital services
Crisis raises questions over governance, risk controls and regulation in sector
Lender is latest UK bank to benefit from large drop in provisions for bad loans
UK bank presents too many headaches for investors
UK bank benefits from influx of deposits as customer spending falls
UK’s sixth-largest bank gives investors a dose of caution
UK bank warns of vulnerability to economic effects of multiple lockdowns
Lender receives £35m from contentious government-backed fund designed to spur competition
The UK’s sixth-largest bank increases provisions for home loans as unemployment climbs
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