Clydesdale Bank’s owner has recently confessed that Richard Branson and his associates could bring the bank’s brand into “disrepute”, ahead of its proposed takeover of Virgin Money for £1.7bn.
In its prospectus, Clydesdale Bank and Yorkshire Bank owner CYBG commended Branson, but warned that, should any of his prospects not go to plan, it would risk damaging CYBG by association.
Branson is so entwined with his brands that it is feared that his exit from the business or his eventual death could have a detrimental effect on CYBG’s public perception.
Latest News
-
One in four IFAs looking to introduce AI in 2025, study finds
-
British Business Investments provides £20m facility to Sprk Capital
-
Share of incorporated portfolios more than doubles since 2020
-
Average two and five-year fixed rates drop at start of 2025
-
Mortgage Advice Bureau takes stake in Dashly
-
Housing market is ‘turning’ despite negative prices, e.surv states
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories