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Stock markets around the world are suffering their worst week since the global financial crisis of 2008, as fears over the impact of the coronavirus continue to hold investors hostage.

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Virgin Money will cut 500 jobs and close 52 branches this year. The bank will close a total of 52 branches, with 22 branches closing down and a further 30 being "consolidated into another Clydesdale Bank / Yorkshire Bank / Virgin Money locations within half a mile."

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