Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Clydesdale Bank facing claims over past conduct

Post Thumbnail

A group that was formed to gather claims against Royal Bank of Scotland over the conduct of its now defunct Global Restructuring Group has now turned its attention to Clydesdale Bank.

RGL Management said yesterday it intended to bring a claim against Clydesdale Bank, including claims relating to conduct under its trading name Yorkshire Bank, and its previous parent, National Australia Bank.

It said it was acting on behalf of businesses who purchased fixed rate tailored business loans (TBLs) between 2002 and 2012.

The group said: “RGL believes that in excess of 6,000 SMEs (small and medium-sized enterprises) have legitimate grounds to join this action.

“Many SMEs that took out TBLs later lost their businesses to insolvency.

RGL said it had received funding from Augusta Ventures for the litigation and recruited “a significant number” of SMEs to its group.

Chief executive James Hayward added: “Clydesdale’s conduct is actionable and we’ll be suing those involved in order to recover damages for those customers it harmed.

“Proceedings will probably be issued later this year, however, the exact timing is difficult to predict and will depend primarily on what gives us the greatest tactical advantage.”

The Clydesdale and Yorkshire banks are now part of CYBG, whose spokeswoman said: “This is a long-standing, historical matter which has been subject to significant scrutiny and which the bank has been working through with customers as part of a wide-ranging remediation programme in an open and transparent manner.”