Clydesdale Bank: Bank to face court case over mis-sold of loans

Clydesdale bank sign

HUNDREDS of Scots business customers are expected to join a class action worth potentially worth hundreds of millions of pounds, over mis-sold business loans from Clydesdale Bank.

Claims management company RGL has lodged an initial lawsuit on behalf of about 140 former business customers of Clydesdale, but say ultimately there could be more than 2000 claimants. Around 400 of these are said to be from Scotland.

They say hundreds of the claims are expected to come from Scotland – and many of the cases may have to be heard in the Scottish courts.

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