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1-20 of 117 results for subject:"Virgin Money"

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Type
Select Committee written evidence; Parliamentary committees
Committee
Scottish Affairs Committee
Date
25 October 2021
House
House of Commons

To ask Her Majesty's Government what assessment they have made of the potential loss of 1,500 jobs arising from Virgin Money's takeover of the CYBG plc banking group.

Asked by
Lord Taylor of Warwick (Non-affiliated)
Answering body
Department for Business, Energy and Industrial Strategy
Type
Written questions
Status
Answered
Date
2 July 2018
Reference
HL8792
House
House of Lords
Type
Select Committee reports; House of Commons papers; Parliamentary committees
Committee
Committee of Public Accounts
Date
5 November 2012
Reference
HC 552 2012-13
House
House of Commons

To ask Her Majesty’s Government whether UK Asset Resolution have sold or are planning to sell Northern Rock Asset Management properties in Newcastle, North Tyneside and Sunderland to Virgin Money; and, if so, whether any assurances have been sought by the Government or offered by Virgin Money about the protection...

Asked by
Baroness Turner of Camden (Labour)
Type
Written questions
Status
Answered
Date
12 July 2012
Reference
738 c268WA; HL1243
House
House of Lords

To ask Her Majesty’s Government what assurances Virgin Money gave the Government when they purchased Northern Rock plc about the protection of jobs and branches in Newcastle, Tyneside and Sunderland.[HL1242]

Asked by
Baroness Turner of Camden (Labour)
Type
Written questions
Status
Answered
Date
12 July 2012
Reference
738 c262WA; HL1242
House
House of Lords
Deposited by
Treasury; UK Financial Investments
Type
Deposited papers
Date
28 February 2012
Reference
DEP2012-0372
House
House of Lords; House of Commons

On 17 November 2011, the Chancellor announced the sale of Northern Rock plc to Virgin Money. The transaction completed on 1 January 2012, following approval from the Financial Services Authority and receipt of European Commission merger clearance. Today, UK Financial Investments Ltd (UKFI) has published a document setting out the...

Member
Mark Hoban (Conservative)
Department
Treasury
Type
Written statements
Date
28 February 2012
Reference
541 c22WS
House
House of Commons

My honourable friend the Financial Secretary to the Treasury (Mark Hoban) has today made the following Written Ministerial Statement. On 17 November 2011, the Chancellor announced the sale of Northern Rock plc to Virgin Money. The transaction completed on 1 January 2012, following approval from the Financial Services Authority and...

Member
Lord Sassoon (Conservative)
Department
Treasury
Type
Written statements
Date
28 February 2012
Reference
735 c105-6WS
House
House of Lords

To ask Her Majesty’s Government what steps they have taken to ascertain the tax status of the bid vehicle and the insertions in it through which Virgin Money is acquiring Northern Rock plc; and whether in comparing this bid with possible otherbids from institutions or individuals wholly resident and domiciled...

Asked by
Lord Oakeshott of Seagrove Bay (Liberal Democrat)
Type
Written questions
Status
Answered
Date
7 December 2011
Reference
13715; 733 c183-4WA
House
House of Lords

To ask Her Majesty’s Government what enquiries they made into the tax status of Sir Richard Branson, and whether they took that status into account, in considering whether the sale of Northern Rock plc to a consortium led by him would provide good value to the taxpayer.

Asked by
Lord Oakeshott of Seagrove Bay (Liberal Democrat)
Type
Written questions
Status
Answered
Date
5 December 2011
Reference
13764; 733 c116WA
House
House of Lords

To ask Her Majesty’s Government whether they will publish in full the terms imposed on the sale of Northern Rock plc by the European Commission; whether any provision exists to vary those terms; what sanctions are available to the European Commission in the event of non-compliance; and whether the details...

Asked by
Lord Myners (Labour)
Type
Written questions
Status
Answered
Date
5 December 2011
Reference
13680; 733 c108WA
House
House of Lords

To ask Her Majesty’s Government what was the amount of excess regulatory capital within Northern Rock above the required 10 per cent tier 1 core capital ratio at the date on which its sale to Virgin Money was agreed.

Asked by
Lord Oakeshott of Seagrove Bay (Liberal Democrat)
Type
Written questions
Status
Answered
Date
5 December 2011
Reference
13714; 733 c108-9WA
House
House of Lords

To ask Her Majesty’s Government whether Mr Wilbur Ross will require the approval of the Financial Services Authority as a person exercising significant influence over Northern Rock plc following the sale of that company to Virgin Money.

Asked by
Lord Myners (Labour)
Type
Written questions
Status
Answered
Date
5 December 2011
Reference
13554; 733 c115WA
House
House of Lords

To ask Her Majesty’s Government what arrangement was made with the private equity purchasers of Northern Rock plc to claw back further amounts in the event of a future sale of Northern Rock plc, and how this relates to partial sales or sales of an interest in an entity owning...

Asked by
Lord Myners (Labour)
Type
Written questions
Status
Answered
Date
5 December 2011
Reference
13677; 733 c108WA
House
House of Lords

To ask Her Majesty’s Government (1) whether the agreement for the sale of Northern Rock plc to Virgin Money contains any provision enabling the sale price to be varied or the buyer to withdraw, contingent on any decision by the Financial Services Authority (FSA) on the amount of regulatory capital...

Asked by
Lord Oakeshott of Seagrove Bay (Liberal Democrat)
Type
Written questions
Status
Answered
Date
5 December 2011
Reference
13716; 733 c109WA
House
House of Lords

To ask Her Majesty’s Government what percentage of the capital of Northern Rock plc will be owned by private equity after its acquisition by Virgin Money; and what percentage of the share capital will be owned by shareholders based in (1) the British Virgin Islands, (2) the Cayman Islands, (3)...

Asked by
Lord Myners (Labour)
Type
Written questions
Status
Answered
Date
5 December 2011
Reference
13759; 733 c115WA
House
House of Lords

To ask Her Majesty’s Government what discussions or correspondence HM Treasury has had with the Financial Services Authority about providing capital relief in support of Virgin Money’s proposed acquisition of Northern Rock; and whether Northern Rock will be permitted to repay capital to its new owners.

Asked by
Lord Myners (Labour)
Type
Written questions
Status
Answered
Date
5 December 2011
Reference
13616; 733 c115WA
House
House of Lords

To ask Her Majesty’s Government what is the identity of the ultimate owners of the companies, hedge funds and trusts acquiring Northern Rock plc.

Asked by
Lord Myners (Labour)
Type
Written questions
Status
Answered
Date
5 December 2011
Reference
13760; 733 c115-6WA
House
House of Lords

To ask Her Majesty’s Government whether Sir Richard Branson is a director or shareholder of (1) Virgin Money, (2) the company acquiring Northern Rock plc, or (3) any of the companies or trusts owning, controlling or benefiting from any part of Virgin Money or the companies or trusts in its...

Asked by
Lord Myners (Labour)
Type
Written questions
Status
Answered
Date
1 December 2011
Reference
13555; 733 c93WA
House
House of Lords

To ask Her Majesty’s Government what is the ownership structure of Virgin Money and what assurance they have sought from shareholders, in connection with the sale of Northern Rock plc, about their commitment to support the company with more capital if necessary.

Asked by
Lord Myners (Labour)
Type
Written questions
Status
Answered
Date
1 December 2011
Reference
13551; 733 c92WA
House
House of Lords