Clydesdale Bank

Virgin Money, owner of Glasgow-based Clydesdale Bank, has posted its interim results for 2021, revealing a return to statutory profit, with underlying profit more than doubling year-on-year to £245 million. This compares to the £120m reported in the first half of 2020.

Virgin Money, owner of Glasgow-based Clydesdale Bank, has partnered with New Zealand-based fintech, 9Spokes, to support the development of its business banking proposition. 9Spokes’ technology will provide Virgin Money’s business customers with a comprehensive view of their business, pul

Virgin Money, the owner of Glasgow-based Clydesdale Bank, has reported pre-tax profits of £72 million for the first quarter of this year, despite the economic upheaval of COVID-19.

Virgin Money, owner of Glasgow-based Clydesdale Bank, has partnered with Trade Ledger to help expand its business banking proposition. Trade Ledger is a leading global technology provider for the commercial banking and financial services industry, supporting banks by enabling lending products to be

Virgin Money, owner of Glasgow-based Clydesdale Bank, has launched its first business current account to new customers, as it expands its presence in the business banking market following the completion of the rebrand from Clydesdale and Yorkshire Bank for business customers.

Virgin Money, the owner of Glasgow-based Clydesdale Bank, is launching sustainability-linked loans (SLL) for all UK companies.

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

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

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

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. The action, which involves some 500 businesses, is being brought against th

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.

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. Today, RGL filed a further tranche of claims in the ongoing group action against Cly

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