Company type | Trading name |
---|---|
Industry | Banking, Financial services |
Founded | 3 May 2016 |
Defunct | 4 December 2019 |
Headquarters | 30 St Vincent Place, Glasgow, Scotland, G1 2HL, United Kingdom |
Services | Retail banking SME banking |
Parent | Clydesdale Bank plc |
Website | youandb |
B was a banking brand in the United Kingdom which operated between 2016 and 2019 as a trading division of Clydesdale Bank plc. [1] B focused on app-based banking and computer learning of personal finances to help customers manage their money.
B offered an app-based current accounts that is paired with a savings account. [2] B's bank cards use the Mastercard system for both debit and credit cards. [3] B also offered a credit card, with a selling point of consistently low interest rates and no foreign transaction fees.
In June 2019 CYBG plc, the parent company of Clydesdale Bank plc announced that the B brand was to be phased out and replaced by the Virgin Money brand in December 2019. [4] [5]
B closed applications for new current accounts on 4 December 2019 and existing B accounts were re-branded as Virgin Money the following day. [6]
Clydesdale Bank is a trading name used by Clydesdale Bank plc for its retail banking operations in Scotland.
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James Neilson Pettigrew who is currently the chairman of the AIB Group Plc, RBC Global Asset Management UK Ltd,and Scottish Ballet. Until recently, he was the chairman of Virgin Money & CYBG PLC, the owners of Clydesdale Bank, Yorkshire Bank and the digital app based current account provider, B. CYBG PLC was formed as part of the demerger with National Australia Bank in early 2016. From 2016-2019, he was Chairman of Scottish Financial Enterprise (SFE), the representative body for Scotland's financial services industry, from 2016-2019. He was also co-chair for the Financial Services Advisory Board (FiSAB) with the First Minister, and was on the advisory board of TheCityUK. and chaired Dundee Heritage Trust.
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