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First tranche of redundancies will be spread across the UK
Appointment comes despite criticism of Big Four group’s audits of failed lender
Your morning City briefing on companies in the news, job moves and what’s happening in the markets
Former Clydesdale and Yorkshire Bank targets raising returns by a fifth in three years
When a single number becomes all important investors should be wary
Britain’s sixth-biggest lender is receiving rough justice
Changes to risk-weightings will boost capital levels at combined group
Remnants of Northern Rock bought by Branson face upheaval — and up to 1,500 job cuts
Large institutions should be wary of complacency
A weak Virgin stock and the lack of viable alternative buyers have helped CYBG’s takeover
Combination will create UK’s sixth-largest bank but cause up to 1,500 job losses
Alert over risky lending practices comes at important time for Virgin Money-CYBG talks
The jump in the number of shares with big daily moves is striking
Challenger bank’s ‘sweetened’ offer turns a touch sour
Clydesdale and Yorkshire Bank parent group in bid to create UK’s sixth-biggest lender
Stock tumble of almost 8% devalues initial proposal for rival bank
It is agile, relentlessly customer-focused businesses that will triumph
CYBG approach comes as sector faces higher costs and disruption from digital services
Glaswegians have made a lowball approach for Newcastle’s Virgin Money
Shares in lender jumped 15% ahead of takeover approach from CYBG
Clydesdale and Yorkshire Bank owner values fellow challenger lender at £1.6bn
