Banking sector in Scotland would be worth more than twice the percentage of GDP than in the Rump UK
By cuckooshoe BBC Scotland’s Business and economy editor, Douglas Fraser reported yesterday: On Thursday, the directors of Virgin Money UK plc announced they have agreed to recommend to shareholders that they vote to accept a £2.9bn takeover offer by Nationwide building society. Virgin Money operates under the licence for Clydesdale Bank, which took it over in 2018 and adopted its brand, saying farewell to the older brand’s presence in Glasgow since 1838 while, for no obvious reason, continuing to print Clydesdale bank notes.” If the Nationwide’s shareholder’s agree to the takeover, it provides an opportunity to compare the state of … Continue reading Banking sector in Scotland would be worth more than twice the percentage of GDP than in the Rump UK
