Virgin Money UK expects pandemic stress on banks to step up later this year
Virgin Money UK expects pandemic stress on banks to step up later this year Published 2 months ago By Muvija M (Reuters) – The boss of Virgin Money UK said on Tuesday the lender is taking a cautious approach despite turning a statutory profit in the latest quarter, with stress on customer finances from the COVID-19 crisis likely to increase later this year. Shares in the UK’s sixth largest lender jumped 7% to 141 pence by 1337 GMT, amongst the best performers in the UK mid-cap index. “The great majority of people – whether it was credit cards or personal loans – who are on payment ...