Virgin Money bought by CYBG for £1.7bn

Under the terms of the deal, Virgin Money shareholders will get 1.2125 new CYBG shares for every Virgin Money share they hold, and will end up owning about 38% of the combined business.


UK to sell stake in owner of Ulster Bank

The sale of a 7.7pc stake is being managed by Morgan Stanley, Citigroup, Goldman Sachs and JPMorgan, UK Government Investments, which manages the country's RBS holding, said.