 Virgin Money was merged into Clydesdale Bank plc on 21 October 2019, continuing as a trading name and operating under Clydesdale Bank's banking licence.It is planned that between December 2019 and late 2021, Virgin Money UK plc will phase out the Clydesdale Bank, Yorkshire Bank and B brands in favour of the Virgin Money brand.Virgin Money UK was launched as Virgin Direct Personal Financial Services in partnership with Norwich Union on 3 March 1995 offering personal equity plans and launched Virgin One, in a partnership with the Royal Bank of Scotland (RBS), in 1997.