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Showing 11 - 20 of 25 results for "Clydesdale Bank"

Clydesdale sell-off still NAB priority

ALEX BURKE  |  TUESDAY, 7 JUL 2015
NAB's sale of Clydesdale Bank remains a priority during the calendar year. In a statement to the ASX, NAB said that the 70-80% Clydesdale demerger to shareholders (and IPO of the remainder) will "enable a greater focus on building a stronger Australian ...

NAB takes a $1bn hit

AAP  |  THURSDAY, 9 OCT 2014
... milion ($766.63 million) and A£250 million ($456.33 million) relating to past misconduct by its UK subsidiary Clydesdale Bank and interest rate hedging products. Along with other UK banks, the Clydesdale Bank has faced ongoing scrutiny over the selling ...

NAB prepares contingency plan if Scots vote 'Yes'

JAMES FERNYHOUGH  |  MONDAY, 15 SEP 2014
National Australian Bank will seek to register its subsidiary Clydesdale Bank as an English company should Scotland vote to become an independent nation. NAB Group chief executive Andrew Thorburn said that in the case of a 'yes' vote, registration of ...

Market wrap

AAP  |  TUESDAY, 9 SEP 2014
... considering whether the upcoming independence vote in Scotland would hurt NAB, given its exposure to Scotland's Clydesdale Bank. NAB was down 4.5 cents at $34.615, ANZ had firmed 12 cents to $33.40, Commonwealth Bank had added 23 cents to $81.49 and ...

AXA fined for poor advice in the UK

LAURA MILLAN  |  MONDAY, 16 SEP 2013
... advice to NAB-owned banks in the UK. AXA will have to pay a fine of more than A$3 million to customers of NAB-owned Clydesdale Bank and Yorkshire Bank, as well as West Bromwich Building Society. "It is of fundamental importance that firms providing investment ...

NAB embroiled in £1.3 billion UK bank scandal

JAMES FERNYHOUGH  |  FRIDAY, 23 AUG 2013
The National Australia Bank (NAB) owned Scottish bank Clydesdale Bank is one of 13 UK banks that will have to pay back customers after they mis-sold protection for identity theft and credit card fraud. The Financial Conduct Authority (FCA) yesterday ...

NAB Wealth profits stable

MARK SMITH  |  THURSDAY, 9 MAY 2013
National Australia Bank (NAB) has reported a 1.5% decrease in cash earnings for its wealth division, following a fall in insurance earnings. Earnings in the wealth business stood at $256 million for the half-year to March 2013, down from $260 million ...

NAB profits slump but wealth division prospers

MARK SMITH  |  WEDNESDAY, 31 OCT 2012
... have an impact. Results were also affected by an increase in costs following a downgrade to one of its UK assets, Clydesdale Bank. Cameron Clyne, NAB group executive officer, said that in the context of the GFC and its ailing UK operations, the bank ...

Market Wrap

AAP  |  WEDNESDAY, 25 MAY 2011
... Lloyds and Royal Bank of Scotland. Moody's also said overnight that the ratings of National Australia Bank-owned Clydesdale Bank remained on review, following NAB's downgrade on May 18. Patersons Securities' associate director John Curtin, said the local ...

NAB gambles on its IFS model

WWW.THESHEET.COM  |  FRIDAY, 13 MAR 2009
... the room. "We started rolling out IFS in Australia about 12 months ago, having had it successfully operating in Clydesdale Bank and Yorkshire Bank for a couple of years. It is fully implemented in Australia." In theory IFS will overcome any turf wars ...