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Clydesdale Bank (Scottish Gaelic: Banca Dhail Chluaidh) [1] is a trading name used by Clydesdale Bank plc for its retail banking operations in Scotland.. In June 2018, it was announced that Clydesdale Bank plc's holding company, CYBG, would acquire Virgin Money for £1.7 billion in an all-stock deal, and that Clydesdale Bank plc's Clydesdale Bank, Yorkshire Bank and B brands would be phased ...
Clydesdale Bank plc is a retail and commercial bank based in Scotland and now owned by Virgin Money UK. It was formed in Glasgow , Scotland, in 1838 and since 2019 mainly trades as Virgin Money . With its international growth in commercial and industrial clients, including Sir Robert McAlpine & Sons, and their extensive credit requirements it ...
It was planned that Virgin Money UK would phase out the Clydesdale Bank, Yorkshire Bank and B brands in favour of the Virgin Money brand. [ 5 ] [ 6 ] However, in March 2024, the bank's parent company agreed to be acquired by Nationwide Building Society in a £2.9 billion deal that was completed on 1 October 2024 and will see the Virgin Money ...
Nationwide has gained £2.3 billion following its acquisition of Virgin Money, according to the firm’s half-year results. The building society completed its £2.9bn takeover of Virgin Money in ...
In June 2019 CYBG plc, the parent company of Clydesdale Bank plc announced that the B brand was to be phased out and replaced by the Virgin Money brand in December 2019. [4] [5] B closed applications for new current accounts on 4 December 2019 and existing B accounts were re-branded as Virgin Money the following day. [6]
On 15 October 2018, CYGB completed the acquisition of the Virgin Money group for £1.7 billion. This was one of the first major deals in the banking sector since the 2008 financial crash. David is CEO of the combined CYBG group, and its subsidiaries, Virgin Money and Clydesdale Bank. [15]
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger
Virgin Money vastly increased its size and customer base in 2012 with the purchase of the so-called 'good bank' portion of the nationalised Northern Rock bank. In 2018, the entire UK operation of Virgin Money was sold to CYBG plc in a £1.7bn all-share deal which made the group the sixth-largest bank in the UK. [2]