Clydesdale Bank to disappear from high street after rebrand

Virgin Money, clydesdale bank

The Clydesdale Bank brand is set to disappear from the high street 181 years after it was first formed in Glasgow.

The bank’s owners have warned of potential job cuts as both Clydesdale and Yorkshire banks are set to be re-branded after a takeover by Virgin Money.

The Clydesdale and Yorkshire Banking Group said it was rolling out further automation within its branches and operations under plans to increase annual cost savings by another £50m to £200m by 2022.

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