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General

NAB fined $40m over British bank failings

National Australia Bank's British bank (Clydesdayle) recently received a record fine nearing $40 million for lying to the United Kingdom's Financial Ombudsman Service as well as adopting inappropriate complaint policies.

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Read more: FCA,  Financial Ombudsman Service,  National Australia Bank,  PPI complaints,  United Kingdom,  Clydesdale failings,  PPI policies,  August 2014,  Financial Conduct Authority,  General,  Georgina Philippou,  Investment,  July 2013,  June 2013,  May 2011,  May 2012,  mid-2011 Clydesdale,  NAB,  PPI complaint handlers,  UK