Archive For December 22, 2017

NAB, Clydesdale face lawsuit over tailored business loans

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The Sydney Morning Herald, 22.12.17   We are delighted to see that our action has been picked up by the press in Australia:   National Australia Bank and its former subsidiary, Clydesdale Bank, are being targeted in a new lawsuit seeking compensation on behalf of thousands of small business customers in the United Kingdom. A […]

Hundreds of firms launch legal action against Clydesdale Bank

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The Herald, 22.12.17   The press in Scotland picks up the story:   CLYDESDALE Bank is facing legal action from hundreds of small firms who took out complex business loans with the lender in the run up to and immediately after the financial crisis as part of a class suit worth up to £1 billion. […]

Claimants have just kicked off a legal battle with Clydesdale Bank by sending a warning letter

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City AM, 21.12.17   Early coverage of the start of our legal action in the London press:   A group of small businesses and individuals have today kicked off a legal action against Clydesdale Bank and National Australia Bank which could be worth more than £1bn, sending a formal letter to both institutions’ headquarters.   […]

Clydesdale Bank faces legal action over alleged mis-selling of loans

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Telegraph, 21.12.17   Great to see the start of RGL’s legal action being covered by The Telegraph ;   Clydesdale Bank is facing a potential multi-million pound claim from hundreds of small business claiming they were mis-sold loans between 2001 and 2012.   The lender, which forms part of FTSE 250 member Clydesdale and Yorkshire […]

Traders set ball rolling in ‘mis-selling’ attack on CYBG

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London Evening Standard, 21.12.17   Another example of press coverage of the delivery of our Letter Before Action:   Hundreds of small businesses and traders fired the opening salvo in a mis-selling claim against high street lender Clydesdale and Yorkshire Bank on Thursday.   The group, led by claims manager RGL Management, has served a […]

Momentum accelerates on Clydesdale lawsuit

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The Scotsman, 08.12.17   Legal services group RGL Management said yesterday that it expects to serve papers on Clydesdale Bank and former parent National Australia Bank before Christmas related to the small businesses lawsuit it is spearheading.   James Hayward, chief executive of RGL, also told The Scotsman that it is increasing the claimants’ “take” […]

Small businesses to launch claim against Clydesdale Bank ‘this side of Christmas’

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City AM, 07.12.17   Coverage after our successful meeting for potential claimants in Birmingham:   Clydesdale Bank has come a step closer to facing legal action over its alleged mis-selling of business loans.   RGL Management, which brings claims against banks on behalf of small firms, co-ordinated a meeting yesterday with companies who claim to […]

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