 Sir Richard Branson, who owned a 35% stake in Virgin Money, will have a 13% holding in the new combined group.In June 2019, CYBG plc announced its plans to consolidate its businesses under the Virgin Money brand.B and Yorkshire Bank, which exist as trading divisions of Clydesdale Bank plc, will begin to use the Virgin Money name in late 2019 and Clydesdale Bank will use the new name from late 2020 to early 2021.