Clydesdale in fresh row over business loan claims

Clydesdale Bank window

THE owner of Clydesdale Bank has clashed with a claims firm suing it for allegedly mis-selling complex loans as court action potentially worth hundreds of millions of pounds looms.

Clydesdale Bank plc, now part of CYBG, and its former owner National Australia Bank (NAB) have filed defence papers at the High Court of London in response to allegations it mis-sold tailored business loans to hundreds of small and medium-size customers between 2001 and 2012.

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