Virgin Money plc is a UK-based bank and financial services company owned by the Virgin Group and founded by Sir Richard Branson in March 1995. It was originally known as Virgin Direct, and pioneered index tracking by launching a value Personal Equity Plan into the market. In the 2000s Virgin Money expanded its operations around the world.
In 2010 the company received a banking licence through the purchase of the Church House Trust, and announced plans to expand further into the sector. Virgin Money bought Northern Rock plc in January 2012 for £747 million up front, with other potential payments of up to £280 million over the next few years. Northern Rock plc was subsequently renamed Virgin Money plc.
Read more about Virgin Money: History, Products, Virgin Money Giving, Sponsorship, International Operations
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