Archive For July 24, 2017

Important update Clydesdale and Yorkshire banks

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Important update Clydesdale and Yorkshire banks

Subject: Important update about RGL’s action against Clydesdale and Yorkshire banks Sent: 24th July 2017 4:39pm   Dear Member   RGL are delighted to be able to update you on some important developments.   Funding You may have already read in the press that we have funding from Augusta Ventures Limited to prosecute litigation on behalf […]

Businessman forced to sell hotels amid claims Clydesdale’s scheme cost him over £1 million

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Businessman forced to sell hotels amid claims Clydesdale’s scheme cost him over £1 million The National, 19.07.2017   A SECOND Scottish businessman has claimed that the Clydesdale Bank has ruined his pension and his life through “sheer and utter greed”.   Stewart Dykes, who owns the Crusoe Hotel at Lower Largo, Fife, broke his silence […]

NAB spin-off Clydesdale faces UK lawsuit

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NAB spin-off Clydesdale faces UK lawsuit The Australian Financial Review, 16.07.2017 By Adele Ferguson   The ghost of National Australia Bank’s disastrous time in Britain continues to haunt it, with a legal action set to allege thousands of small business customers were fraudulently mis-sold a loan product that destroyed their businesses and torched potentially billions […]

Clydesdale combats City fears over loans legal claim

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Clydesdale combats City fears over loans legal claim The Sunday Times, 16.07.2017   Scotland’s third largest bank has downplayed City fears that it will have to increase its provision for mis-sold business loans after a leading claims company announced plans to launch a multimillion-pound legal action against it.   Last week, claims management group RGL […]

Hotel owner ‘loses £1m’ in eight-year battle with Clydesdale Bank

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Hotel owner ‘loses £1m’ in eight-year battle with Clydesdale Bank The National, 14.07.2017 By Greg Russell   A SCOTS businessman has told how he has lost almost £1 million after a battle with the Clydesdale Bank that has raged for eight years.   St Andrews hotelier James McGrory has passed on his bulging file to […]

Clydesdale Bank facing costs of hundreds of millions over business loan scandal

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Clydesdale Bank facing costs of hundreds of millions over business loan scandal Scottish Financial News, 10.07.2017   Glasgow-based Clydesdale Bank is facing a class action law suit that could run into hundreds of millions of pounds over allegations that it mis-sold loans to small businesses (SME) without properly explaining terms that would eventually see many […]

Clydesdale Bank faces business legal action

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Clydesdale Bank faces business legal action The Scotsman, 08.07.2017   Legal services group RGL Management yesterday said it is to bring a claim against CYBG (Clydesdale Bank and Yorkshire Bank) on behalf of businesses who bought fixedrate business loans between 2002 and 2012.   “RGL believes that in excess of 6,000 SMES (smaller businesses) have […]

Bank will face multi-million pound loan damages case

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Bank will face multi-million pound loan damages case Herald Scotland, 08.07.2017   SCOTLAND’S third-largest bank faces a multi-million pound legal claim from small businesses over mis-sold loans whose spiralling costs are alleged to have pushed a number of companies into insolvency.   Augusta Ventures, a litigation funder, has set aside more than £2 million to […]

Clydesdale Bank facing claims over past conduct

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Clydesdale Bank facing claims over past conduct Press and Journal, 08.07.2017   A group that was formed to gather claims against Royal Bank of Scotland over the conduct of its now defunct Global Restructuring Group has now turned its attention to Clydesdale Bank.   RGL Management said yesterday it intended to bring a claim against […]

Litigation Funder To Back Mis-Sold Loans Claim Against CYBG

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Litigation Funder To Back Mis-Sold Loans Claim Against CYBG London South East, 07.07.2017 CYBG PLC may face a legal claim from a number of small businesses over allegedly mis-sold loans, with backing from a litigation funder, according to Sky.   The broadcaster said Friday it has obtained a funding document showing private litigation funder Augusta […]

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