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Virgin Money

Virgin Money is planning to create 200 new jobs, including 120 in the North East.

Virgin Money is to relocate its London-based financial services office to a 14,000 sq ft unit at 1 Eagle Place.

Virgin Money is to create at least 150 jobs at a new credit card operation at the former Northern Rock headquarters on Tyneside next year.

Virgin Money is to sell Church House Trust, the Yeovil-based mortgage and savings bank, to SAV Credit.

Virgin Money is planning to relocate about 30 HR, IT and finance jobs from Norwich to Newcastle or Edinburgh.

Virgin Money is to acquire Northern Rock, the Newcastle-based savings and mortgage bank with 2,500 staff and 70 branches, for £747m.

Virgin Money is to invest £10m opening four customer lounges in London, Edinburgh, Manchester and Norwich over the next five years, as part of an expansion programme that could also include 75 new branches and 500 new jobs.

Virgin Money is to set up a new 30,000 sq ft office at St Andrew Square in Edinburgh this summer, with the creation of 300 jobs.

Virgin Money is planning to open its first two retail bank branches by the end of the year and 70 within three years, having secured a £100m investment from WL Ross of the US.

Virgin Money is considering plans to develop a network of bank branches by acquiring sites from Lloyds and Royal Bank of Scotland.

Virgin Money is to expand its Venue Studios office in Edinburgh with 3,000 sq ft of additional space, with the creation of an unspecified number of jobs.

Virgin Money is to acquire Church House Trust, the Somerset-based private bank with 3,000 customers, for £12m, in order to offer savings and mortgage products under the Virgin brand.

Virgin Money is planning to set up a 25,000 sq ft office at Lochside Avenue in Edinburgh.