Clydesdale name to go in Virgin bank deal



The centuries-old Clydesdale Bank name is set to disappear from Scotland’s High Street after its parent firm bought over Virgin Money in a £1.7 billion deal unveiled today.
The newly enlarged operation will be headquartered in Glasgow and is now being seen as a potential competitor to established giants such as Barclay’s and RBS with a newly created customer base of about 6 million.
The Scottish Government says the move could “strengthen” Scotland’s global banking reputation.
But the move has prompted job fears with plans earmarked to shed about 1,500 of the current 9,500 staff of the... read more

 
19 June 2018 in Business, Views: 52
Source: Scotsman
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31