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Jun 20, 2024 · CYBG, the banking group that owns Clydesdale Bank and Yorkshire Bank, has put in a £1.6 billion offer for Virgin Money, the financial branch of Richard Branson’s Virgin Group. According to the terms of the deal, Virgin Money would own 36.5% of the newly formed company, and Virgin Money’s shareholders would receive 1.13 CYBG shares for each ...
Jun 4, 2018 · The owner of Clydesdale and Yorkshire Bank, CYBG, has made an all-share takeover approach for rival Virgin Money. CYBG said in a statement that if successful the bid would create Britain's leading 'challenger' bank, with 6 million personal and business customers.
CYBG, which owns Clydesdale Bank, Yorkshire Bank and digital brand B, has completed a deal to buy Virgin Money for £1.7bn. The move will mean all CYBG's retail customers and branches will be moved to Virgin Money's brand over the next three years, creating the UK's sixth largest bank.
We're getting a Virgin Money makeover. Exciting times are here! Yorkshire Bank has joined forces with Virgin Money to become one bigger, better and brighter bank. Virgin Money teamed up with Yorkshire Bank and Clydesdale Bank back in October 2018.
Clydesdale and Yorkshire Banks, as well as app-based bank B, will all be rebranded as Virgin Money by the end of 2021. Yorkshire Bank will begin rebranding in late 2019 and Clydesdale Bank will begin in the second half of 2020. Both banks' rebranding will be finished by the end of 2021.
Virgin Money teamed up with Yorkshire Bank back in October 2018. Since then, we’ve been working hard behind the scenes to bring the two banks together. Our range of current accounts are now available under the Virgin Money brand, the perfect combination of expertise and Virgin innovation.
People also ask
Is Yorkshire Bank a bigger bank than Virgin Money?
Does Virgin Money have a Yorkshire bank account?
Does Virgin Money work with Yorkshire Bank & Clydesdale Bank?
When will Yorkshire Bank rebrand?
B and Yorkshire Bank, which exist as trading divisions of Clydesdale Bank plc, would begin to use the Virgin Money name in early 2020 and Clydesdale Bank to use the new name between late 2020 and early 2021.
