3 minutes
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.
3 minutes
Virgin Money has posted a loss after tax of £194 million alongside an accommodation of £385m to pay for the PPI scandal. The results, which are Virgin Money's first as a combined business with CYBG, also detailed an underlying profit of £539m down 7% due to higher impairments from
2 minutes
The first tranche of Virgin Money branches will open next month as the company phases out the Glasgow-headquartered Clydesdale Bank brand. CYBG will open its new Virgin money stores in Manchester, Birmingham and London in December.
2 minutes
Virgin Money has been hit with a bill of £450m from PPI mis-selling compensation. The bill is expected to deepen the firm's multi-million-pound losses, which will significantly impact its expansion plans.
3 minutes
Clydesdale Bank owner CYBG has announced that it will close the former Virgin Money HQ in Edinburgh. The closure is part of a restructuring effort which will result in around 330 jobs being lost.
4 minutes
Small and medium enterprises in Scotland have remained resilient in the face of continued political and economy uncertainty, according to a quarterly measure of performance and outlook which saw a small recovery in the second quarter of this year. The SME Health Check Index, published by CYBG in par
3 minutes
The board of Scottish Financial Enterprise (SFE), the representative body for the financial services industry in Scotland, has selected Philip Grant of Lloyds Banking Group (LBG) as its new chairperson. Mr Grant's new role will be in addition to his position as chair of LBG’s Scottish executiv
2 minutes
CYBG has reported strong progress in its first six months since its acquisition of Virgin Money last October, with pro forma underlying pre-tax profits up to £286 million. Following the acquisition, CYBG is the UK's sixth largest bank with over six million customers, serving both retail and SM
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