- CYBG Plc (CYBG) has completed the Part VII banking business transfer process, making it able to serve its customers from a single authorised and regulated banking entity.
- The company had received the approval of the banking business transfer scheme, at a hearing in the Court of Session in Edinburgh on 26 September 2019, under Part VII of the Financial Services and Markets Act 2000.
- The scheme becomes effective on 21 October 2019, and as per the court approval, the business of Virgin Money plc has been transferred to Clydesdale Bank PLC.
- On 21st October 2019, at the time of writing, GMT 11:42 AM, CYBG shares were trading at GBX 137.75, up by 4.55 points or 3.42 per cent against the previous day closing price.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.