Almost 150 claimants have filed class action against Clydesdale Bank and former owner National Australia Bank alleging thousands of business loans were mis-sold in a potential multi-million pound claim.
Claims management company RGL has started legal action on behalf of about 140 former customers of Clydesdale, but says ultimately there could be more than 2000 claimants from England, Scotland and Wales.
James Hayward, chief executive of RGL Management said: “Clydesdale’s conduct towards its customers has been utterly disgraceful. We are pleased to be launching this action today to recover the hundreds of millions of pounds in losses owed to claimants. We are resourced to prosecute this matter to a successful outcome for the claimants.