Virgin Money

Virgin Money expands partnership with FinTech Life Moments

Virgin Money, the owner of Glasgow-based Clydesdale Bank, is expanding its partnership with FinTech data expert company Life Moments, to focus on the development of the sustainability elements of the Virgin Money offer to its business banking customers.

Published 1 March 2021

CMA stops Clydesdale Bank 'bundling' business accounts with Bounce Back Loans

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

Virgin Money announces 'profitable and positive' first quarter

Clydesdale Bank owner Virgin Money has announced a "profitable and positive" first quarter of the year. 

Published 3 February 2021

Virgin Money signs up fintech Codat to bolster business bank proposition

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

Waracle plans to welcome 100 new staff this year

Dundee-based fintech firm Waracle has announced plans to expands its team this year as it looks to welcome 100 new staff members.

Published 6 January 2021

Clydesdale Bank accepts variable income for mortgages

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

Virgin Money announces partnership with Dundee-based Waracle

Virgin Money, owner of Glasgow-based Clydesdale Bank, has announced a strategic partnership with Dundee-based app development company, Waracle, to support the development of its digital proposition for the new Virgin Money Business current account.

Published 14 December 2020

Virgin Money sees pre-tax profits drop by 77%

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

Virgin Money launches free digital package to help small businesses streamline finances

Virgin Money, the owner of Clydesdale Bank, has launched a free, full money management package to support small business customers with their day-to-day financial operations and ensure they have a complete view of their past, current and future financial position.

Published 15 October 2020

Virgin Money to cut 400 jobs at head offices

Virgin Money, the owner of Clydesdale Bank, has announced that 400 jobs are to be cut at three of its head offices, including Glasgow.

Published 7 October 2020

Over 54,000 Scottish SMEs fear closure from second UK lockdown

An estimated 35,070 Scottish SMEs say it is likely their business will close permanently in the next 12 months as a result of the coronavirus crisis, with this figure rising to 54,776 in the event that a second national lockdown is introduced, according to a recent survey by Virgin Money.

Published 29 September 2020

Virgin Money launches £400,000 fund to help Glasgow community groups

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 emerges from lockdown with growing order book thanks to Clydesdale Bank CBILS loan

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 allocates £42m for bad loans

Virgin Money, owner of Glasgow-based Clydesdale Bank, has allocated an extra £42 million to cover potential losses from an increase in bad loans as the bank braces for the economic fallout from the coronavirus crisis.

Published 29 July 2020

Virgin Money business lending increased during lockdown

During the three months of lockdown, Virgin Money, the owner of Clydesdale Bank, saw a near six per cent rise in business lending.

Published 28 July 2020