Virgin Money boss says CYBG takeover is sign UK banking sector has recovered

CYBG, takeover, Virgin Money

The boss of Newcastle bank Virgin Money has said that the lender’s £1.7bn takeover by CYBG is a clear demonstration of the industry’s recovery following the 2018 financial crash.

The outgoing CEO Jayne-Anne Gadhia has said that the last decade has allowed challenger banks like Virgin Money to thrive and compete with major UK banks.

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