Motion S5M-12883: Clydesdale Bank Closures

20 Jun 2018

That the Parliament deplores the news that branches of Clydesdale Bank are to disappear from high streets across Scotland, with 1,500 jobs at risk, following its merger with Virgin Money; understands that Clydesdale Bank was founded in 1838 in Glasgow, with James Lunden, a future Lord Provost, being one of the founding members; notes that, as part of this merger, CYBG, the owner of Virgin Money and Clydesdale Bank, intends to phase out the Clydesdale name, instead operating the banks under the Virgin banner; believes that the loss of the Clydesdale Bank name and the possible job losses represent a cause for concern, and calls on CYBG to protect jobs and look again before casting aside the history of the Clydesdale name.