Virgin Money

Clydesdale Bank, the Glasgow-based bank owned by Virgin Money, is supporting the ambitious growth plans of Organic Sea Harvest (OSG), a salmon farming initiative on the Isle of Skye. Organic Sea Harvest (OSH), the first independent UK start-up salmon farm in 30 years, has signed an agreement for fin

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. The agreement is the latest partnership f

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. The watchdog found that Clydesdale, which is owned by Virgin Money, was in breach of legal undertakings that pr

Clydesdale Bank owner Virgin Money has announced a "profitable and positive" first quarter of the year.  In the three months to the end of 2020, the bank's customer deposits rose slightly by almost 1% to £68.1 billion as customers spent less and businesses maintained healthy balance sheet

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. London-headquartered Codat’s financial technology offer will play a key role in allowing seamless and s

Dundee-based fintech firm Waracle has announced plans to expands its team this year as it looks to welcome 100 new staff members. Waracle is already Scotland’s largest app developer, employing around 200 staff across its Dundee, Glasgow, Edinburgh and London offices.

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. A prospective buyer's variable income must have been received after 2 December 2020 to show that borrowers have

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.

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.

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. In partner

Virgin Money, the owner of Clydesdale Bank, has announced that 400 jobs are to be cut at three of its head offices, including Glasgow. The cuts are part of the bank's three year-plan to integrate its operations following the £1.7 billion takeover by CYBG in April 2018.

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.

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. The fund has awarded the first ten of up to 30 grants to support community groups whose activities have

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.

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. The allocation of funds, revealed in the lender's third-quarter results, are