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News Tag: Clydesdale Bank

November 21, 2012

FSA warns banks over bonuses

by Jan Harris
FSA warns banks over bonuses
Banks have been warned by the financial watchdog that this year’s bonuses should reflect the recent scandals that have rocked the banking industry. According to The Financial Times, Andrew Bailey of the Financial Services Authority wrote to banks’ chief executives in October, saying that bonuses should be forfeited or reduced for those involved in payment protection insurance mis-selling and Libor rate rigging. ...




March 6, 2012

Debit card transactions declined by Yorkshire and Clydesdale

by Jan Harris
Debit card transactions declined by Yorkshire and Clydesdale
Customers of Clydesdale and Yorkshire Bank have been experiencing problems with debit cards being declined due to computer changes. The problem initially occurred while the banks, which are both part of the National Australia Bank (NAB), were transferring their systems operations to an external contractor on Sunday morning. Problems with some Mastercard debit transactions persisted until Monday morning. ...




February 13, 2012

NBNK considering bid for Clydesdale Bank

by Jan Harris
NBNK considering bid for Clydesdale Bank
New bank NBNK is believed to be considering a bid for Clydesdale and Yorkshire banks after it was announced that the two banks will undergo a strategic review. The review, by parent company National Australia Bank, could lead to Clydesdale and Yorkshire banks being sold or floated on the stock market. NBNK has not confirmed the takeover rumours, saying in a ...




February 7, 2012

Sale rumoured for Yorkshire and Clydesdale banks

by Jan Harris
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual standstill the performance of the ...




February 3, 2010

Clydesdale Bank launches 4.5% one-year bond

by David Masters
Clydesdale Bank launches 4.5% one-year bond
Clydesdale Bank has launched a new one-year fixed-rate bond paying interest at 4.5%. The bond is exclusively available to customers also taking out an AXA investment product with the bank. Savers must invest at least £2,000 in the bond, and the equivalent in an AXA investment product. No withdrawals can be made from the bond. Customers who withdraw money from the bond are ...




July 29, 2009

Clydesdale approves more mortgages

by David Masters
”Clydesdale
Clydesdale Bank has approved more mortgages in the past two months than it did this time last year. The bank approved 30% more home loans in May and June compared to the same period in 2008. This rise in approvals follows Clydesdale's pledge last week to release a further £1 billion of new lending to mortgage and business customers. Clydesdale, together with sister-bank Yorkshire, is one ...




May 6, 2009

Yorkshire launches fee free mortgages

by David Masters
Yorkshire launches fee free mortgages
Yorkshire Bank yesterday launched a fee free mortgage offer for new customers. For a limited time, new customers signing up for a fixed-rate, offset or current account remortgage deal at the bank will have the £999 remortgage fee waived. Legal and valuation fees will also be waived for all new customers taking out a fixed or offset remortgage worth over £25,000. Mortgages available on the ...