The Competition and Markets Authority (CMA) has stopped Clydesdale Bank from forcing small business customers to open a business current account with it to get a COVID-19 Bounce Back Loan.
Published 8 February 2021
Clydesdale Bank owner Virgin Money has announced a "profitable and positive" first quarter of the year.
Published 3 February 2021
Virgin Money, owner of Glasgow-based Clydesdale Bank, has added fintech Codat to its growing team of technology partners as it strengthens its digital business banking credentials.
Published 1 February 2021
Clydesdale Bank, which is owned by Virgin Money, has announced that it will now accept variable income such as bonus, commission and overtime in its mortgage affordability assessment.
Published 5 January 2021
A legal action by more than 100 Scottish businesses against Clydesdale Bank over loans that were allegedly mis-sold will be heard in the English High Court, with Scots law applied to claims from businesses based in Scotland.
Published 21 December 2020
Virgin Money, owner of Glasgow-based Clydesdale Bank, has posted full-year pre-tax profits of £124 million marking a 77% decline from the £539m posted the previous year.
Published 25 November 2020
Over 500 SMEs have joined action against Clydesdale Bank and National Australia Bank (NAB) as RGL Management Limited (RGL) issues a third wave of High Court claims over the banks’ Tailored Business Loans.
Published 15 October 2020
Virgin Money, the owner of Clydesdale Bank, has launched a new £400,000 Community Anchors’ Fund, in partnership with the HFD Charitable Foundation to help community groups in Glasgow.
Published 4 August 2020
Armadilla Ltd, a family-run design and manufacturing business in Midlothian, is set to benefit from the global staycation market as it emerges from the lockdown with a growing order book for its innovative, luxury, eco-friendly accommodation pods.
Published 30 July 2020
Virgin Money, the owner of Clydesdale Bank, has announced that it will resume plans for branch closures in Scotland which it halted due to the coronavirus pandemic.
Published 2 July 2020
Go Ape, the UK outdoor adventure company and visitor attraction has secured funding from the Coronavirus Business Interruption Loan Scheme (CBILS) through Clydesdale Bank, owned by Virgin Money, to help it through the economic impact of the coronavirus crisis.
Published 12 June 2020
Rakkaus Furniture Ltd, a Kilmarnock-based commercial furniture provider, is one of the first businesses to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS) through Virgin Money-owned Clydesdale Bank.
Published 13 May 2020
Clydesdale Bank halts rebrand and closures as it prepares for losses stemming from coronavirus pandemic
David Duffy, the owner of Clydesdale Bank, has halted plans to change bank branch names to Virgin Money as it made provisions for higher losses on loans in light of the coronavirus outbreak.
Published 7 May 2020
Virgin Money, formerly known as Clydesdale Bank, has announced that it will not proceed with the branch closures and job cuts announced in February, as a result of the current situation with COVID-19.
Published 1 April 2020
The GlenAllachie Distillers Co. Limited has secured a £30 million asset-based lending package from Clydesdale Bank, thanks to support from the new Scottish arm of Belfast-based finance specialists HNH.
Published 11 March 2020