Virgin Money

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.

More than a quarter (27%) of SMEs surveyed plan to invest more in their businesses in the year ahead than during a typical pre-pandemic year, underlining their focus on growth in a post-COVID-19 future, according to a recent survey by Virgin Money. Over a third (35%) of SMEs plan to invest between &

Virgin Money, the owner of Glasgow-based Clydesdale Bank, has added Fluidly to its growing list of FinTech partners as the bank continues to develop its new business banking offer for 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

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.