Is Clydesdale Bank being taken over?

Is Clydesdale Bank being taken over?

The rebranding of Clydesdale Bank into Virgin Money is largely complete, the so-called “challenger” banking group has announced. The change of moniker for the former Clydesdale and Yorkshire businesses has given the group fresh “momentum” coming out of lockdown, Mr Abrahams said.

Is Clydesdale Bank owned by Barclays?

Barclays Bank plc is the ‘deposit-taking licence holder’ for Barclays Bank, Barclays Direct and Standard Life Cash Savings. Clydesdale Bank plc is the ‘deposit-taking licence holder’ for Clydesdale Bank, B, Virgin Money and Yorkshire Bank.

Is Clydesdale Bank changing name?

THE owner of Clydesdale Bank has put plans to change its branch names and branding to Virgin Money on hold until its next financial year as it focuses on its response to the Covid-19 pandemic.

What is Clydesdale Bank called now?

Virgin Money UK plc
Clydesdale Bank was divested from National Australia Bank in early 2016 and its holding company CYBG plc, now renamed as Virgin Money UK plc, trades on the London and Sydney stock exchanges.

Who owns aldermore?

ALDERMORE GROUP PLC
Aldermore/Parent organizations

Is Clydesdale Bank now Virgin bank?

Why is Clydesdale Bank being re-branded to Virgin Money and what are the benefits of this? We are very proud to be bringing Clydesdale Bank and Yorkshire Bank together with Virgin Money, under the Virgin brand.

What is the Clydesdale Bank called now?

Is Clydesdale part of NatWest?

For example while NatWest, Ulster Bank and Coutts are all RBS subsidiaries, all four operate under their own licences. Clydesdale and Yorkshire Bank already operate under one licence, so saving more than £85,000 between them would be a risky move in the event of a collapse.

Is Virgin Money part of Clydesdale Bank?

Clydesdale Bank has joined forces with Virgin Money to become one bigger, better and brighter bank. Since then, we’ve been working hard to bring all the brands together under Virgin Money, creating one bank with over 6 million customers.

Is Clydesdale Bank part of Yorkshire Bank?

Yorkshire bank has a strong personal customer base and business banking capability though a UK-wide network. Yorkshire Bank is a trading name of Clydesdale Bank PLC.

Is Aldermore a UK bank?

Aldermore was the first new breed of UK challenger banks and today it has almost 2000 employees and a quarter of a million customers.