Virgin Money set to hire 200 new staff in Scotland's capital

Virgin Money said the new jobs would bring its total workforce to 500.

The new jobs come as Edinburgh, one of Britain's key financial hubs, gets to grips with plans by Royal Bank of Scotland (RBS) and insurer Standard Life to axe staff.

RBS said last week it would cut 3,500 jobs in Britain, while Standard Life announced 500 job cuts earlier this month.

Virgin Money and Metro Bank are among new players seeking to make inroads into a British banking sector dominated by the so-called “big four” of Barclays, HSBC, Lloyds, and RBS, following the financial crisis.

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