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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: FCAFinancial Ombudsman ServiceNational Australia BankPPI complaintsUnited KingdomClydesdale failingsPPI policiesAugust 2014Financial Conduct AuthorityGeneralGeorgina PhilippouInvestmentJuly 2013June 2013May 2011May 2012mid-2011 ClydesdaleNABPPI complaint handlersUK