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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 ...
The acquisition of Virgin Money was completed on 15 October 2018. [18] In June 2019, CYBG plc announced its plans to consolidate its businesses under the Virgin Money brand. Clydesdale Bank, Yorkshire Bank and B, which exist as trading divisions of Clydesdale Bank plc will begin to use the Virgin Money name in late 2019 with full use planned by ...
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]
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A branch of the Northern Rock with Virgin Money branding on Briggate in Leeds. On 13 October 2007, Sir Richard Branson announced that Virgin Group were putting together a consortium of financiers to propose to plough millions into the troubled Northern Rock bank and in return take an approximate 30% stake in the business, bringing the current financial products offered by Virgin and combining ...
Virgin Superannuation is an Australian superannuation fund, or pension fund, offered by Virgin Group subsidiary Virgin Money in Australia. Virgin Super launched in 2005 under the Virgin Money Australia brand. Initially backed by fund manager Macquarie Investment Management, Virgin Super is a passive managed index fund that is operated by Mercer ...
Virgin Money Australia initially launched in partnership with Macquarie Bank, [2] followed by Westpac under a five-year agreement. At the time of Virgin Money's launch in Australia the group company that combined the Virgin Money UK and Australian operations was co-owned by Virgin Group and HHG Group. In 2004 100% ownership of that UK/Australia ...