Archive For February 4, 2016

Moody’s downgrades Clydesdale Bank’s deposit rating

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Moody’s downgrades Clydesdale Bank’s deposit rating Telegraph, 04.02.16   The newly-independent bank had to delay its flotation this week when the ratings agency launched the review.   Clydesdale Bank’s deposit rating has been cut by ratings agency Moody’s over fears the bank could represent a bigger risk now that it has been sold off by […]

Yorkshire Bank begins new independent life

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Yorkshire Bank begins new independent life Yorkshire Post, 03.02.16   Yorkshire Bank has finally floated for £1.6bn after the initial public offering (IPO) was delayed for 24 hours after a request for more information from an unknown ratings agency.   Yorkshire and Clydesdale Bank announced the pricing of its IPO of 219,828,814 ordinary shares at […]

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