Virgin Money

During the three months of lockdown, Virgin Money, the owner of Clydesdale Bank, saw a near six per cent rise in business lending. On the other hand, personal lending at the bank dropped by 2.7% to £5.2bn, which Virgin Money said was primarily due to lower credit card balances.

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. In May, the bank's boss David Duffy said it had paused plans to change bank branch names to Virgin Money as it made provisions for high

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.

The HFD Group - the developer behind 177 Bothwell Street in Glasgow - is implementing a series of health and wellbeing measures that will see the pre-let Virgin Money offices within the building reflect the new post-COVID-19 reality of working life. With human touch identified as a major f

The coronavirus lockdown is helping to accelerate take-up of digital banking services amongst consumers in Scotland, with many feeling more confident about using online and mobile channels, according to new research from Virgin Money. 

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. CBILS is a UK Government initiative facilitated by participating banks to

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.  The swift change in plans and allocation of coronavirus safety-net funds has caused the lender's first-

Virgin Money, formerly known as Clydesdale Bank, has announced that it has appointed David Bennett as its new chairman.  His appointments follows the announcement made earlier this year that its current chairman, Dundonian Jim Pettigrew would retire.

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. The lender announced on February 27, that it would be cutting 500 jobs and closing 52 bra

Clydesdale and Yorkshire Bank, owned by Virgin Money UK, is one of the accredited lenders participating in the Coronavirus Business Interruption Loan Scheme, being delivered by the British Business Bank, to support the continued provision of finance to SMEs during the COVID-19 outbreak. This provide

Age Scotland, the national charity for older people, has warned that the latest Clydesdale Bank and Virgin Money closures risk creating banking deserts across Scotland. Virgin Money recently announced that it would close 22 Clydesdale Bank, Yorkshire Bank and Virgin Money branches across the UK this

Virgin Money will cut 500 jobs and close 52 branches this year. The bank will close a total of 52 branches, with 22 branches closing down and a further 30 being "consolidated into another Clydesdale Bank / Yorkshire Bank / Virgin Money locations within half a mile."

The substantial, long-term contribution to the Scottish economy of HFD Property Group’s new office development at 177 Bothwell Street in Glasgow has been outlined in an independent report. Carried out by economic and social research consultant EKOS, the economic impact research shows the new b

Law firm Aberdein Considine has appointed Natalie Mortimer as head of compliance and Thomas Lilie as head of legal for the Lender Services Practice Group. Ms Mortimer has moved to Aberdein Considine from Virgin Money where she was head of risk, compliance and quality. She brings over 15 years’

Ian Smith, group chief financial officer (CFO) of Virgin Money UK PLC, will join Nordea as group CFO and head of group finance. Mr Smith will also become a member of the group leadership team.