Clydesdale Bank

SMEs join legal action against Clydesdale and National Australia Bank over Tailored Business Loans

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 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 resumes Clydesdale branch closures plan

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

Clydesdale Bank 'Go Ape' with new CBILS funding

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 secures CBILS loan from Clydesdale Bank

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

Clydesdale Bank branch closures postponed

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

GlenAllachie Distillers secures £30m loan from Clydesdale Bank

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

Age Scotland: Bank closures will hit older vulnerable customers hardest

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.

Published 3 March 2020

Jim Pettigrew announces retirement from Virgin Money

Clydesdale Bank owner Virgin Money has begun its search for a new chairman after Dundee-born financial services veteran Jim Pettigrew announced his plans to retire by September 2021.

Published 24 January 2020

R&W Scott secures £500k funding boost from Clydesdale Bank

Lanarkshire-based food manufacturer R&W Scott has agreed a new £500,000 funding package with Clydesdale Bank to assist with its future investment plans following a management buyout in 2018.

Published 28 November 2019

Virgin Money to open new branches as it completes Cydesdale Bank phase-out

The first tranche of Virgin Money branches will open next month as the company phases out the Glasgow-headquartered Clydesdale Bank brand.

Published 27 November 2019

Clydesdale Bank provides £7.5m in funding to boost expansion and growth for Caldive Ltd

Caldive Ltd has used £7.5 million in funding from Clydesdale Bank, alongside its own capital, to acquire a 33-metre renewable services workboat which will significantly boost the company’s capacity to service clients in the renewable energy sector.

Published 15 November 2019

Clydesdale Bank's shares rise as Virgin Money UK phase-out begins

The initiation of the phase-out of Clydesdale Bank (CYBG) to Virgin Money UK has resulted in a 6% increase in CYBG's shares.

Published 22 October 2019