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.
Virgin Money
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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